$SAN
Banco Santander, S.A. Stock $san

$san Overview Financials Valuation SEC Filings Company Website

2023 Q4 Form 20-F Financial Statement

#000089147824000038 Filed on February 21, 2024

Income Statement

Concept	2023 Q4	2023
Revenue
YoY Change
Cost Of Revenue
YoY Change
Gross Profit		€57.42B
YoY Change		10.18%
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization		$3.184B
YoY Change		6.67%
% of Gross Profit		5.54%
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense		€61.99B
YoY Change		88.93%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income	$16.46B	$16.46B
YoY Change	7.93%	7.93%
Income Tax	$4.276B	$4.276B
% Of Pretax Income	25.98%	25.98%
Net Earnings	$11.08B	€12.18B
YoY Change	15.31%	13.18%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share	$0.70	$0.70
COMMON SHARES
Basic Shares Outstanding	16.18B shares
Diluted Shares Outstanding

Balance Sheet

Concept	2023 Q4	2023
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment	$32.93B	$32.93B
YoY Change	-3.37%	-0.36%
Goodwill	€14.02B
YoY Change	2.01%
Intangibles
YoY Change
Long-Term Investments	$7.646B	$7.646B
YoY Change	0.41%	0.41%
Other Assets	$23.78B	$23.78B
YoY Change	-1.89%	-1.89%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets	€1797B	$1797B
YoY Change	3.6%	3.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$3.846B	$3.846B
YoY Change	26.51%	26.51%
LONG-TERM LIABILITIES
Long-Term Debt	$308.6B	$308.6B
YoY Change	10.07%	10.07%
Other Long-Term Liabilities	$214.0B	$214.0B
YoY Change	15.77%	15.77%
Total Long-Term Liabilities	$522.6B	$522.6B
YoY Change	12.34%	12.34%
TOTAL LIABILITIES
Total Short-Term Liabilities	$3.846B	$3.846B
Total Long-Term Liabilities	$522.6B	$522.6B
Total Liabilities	€1693B	$1702B
YoY Change	3.41%	3.41%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$95.42B	$95.42B
YoY Change
Total Liabilities & Shareholders Equity	$1797B	$1797B
YoY Change	3.6%	3.6%

Cashflow Statement

Concept	2023 Q4	2023
OPERATING ACTIVITIES
Net Income	$11.08B	€12.18B
YoY Change	15.31%	13.18%
Depreciation, Depletion And Amortization		$3.184B
YoY Change		6.67%
Cash From Operating Activities		$5.015B
YoY Change		-81.9%
INVESTING ACTIVITIES
Capital Expenditures		$13.64B
YoY Change		25.86%
Acquisitions
YoY Change
Other Investing Activities		$8.277B
YoY Change		19.23%
Cash From Investing Activities		-$5.366B
YoY Change		37.66%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities		-172.0M
YoY Change		-98.28%
NET CHANGE
Cash From Operating Activities		5.015B
Cash From Investing Activities		-5.366B
Cash From Financing Activities		-172.0M
Net Change In Cash		-523.0M
YoY Change		-103.78%
FREE CASH FLOW
Cash From Operating Activities		$5.015B
Capital Expenditures		$13.64B
Free Cash Flow		-$8.628B
YoY Change		-151.16%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023	dei	Entity Central Index Key EntityCentralIndexKey	0000891478
CY2023	dei	Amendment Flag AmendmentFlag	false
CY2023	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2023
CY2023	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
CY2023	dei	Document Type DocumentType	20-F
CY2023	dei	Document Registration Statement DocumentRegistrationStatement	false
CY2023	dei	Document Annual Report DocumentAnnualReport	true
CY2023	dei	Document Period End Date DocumentPeriodEndDate	2023-12-31
CY2023	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2023	dei	Document Transition Report DocumentTransitionReport	false
CY2023	dei	Document Shell Company Report DocumentShellCompanyReport	false
CY2023	dei	Entity File Number EntityFileNumber	001-12518
CY2023	dei	Entity Registrant Name EntityRegistrantName	BANCO SANTANDER, S.A.
CY2023	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	U3
CY2023	dei	Entity Address Address Line1 EntityAddressAddressLine1	Ciudad Grupo Santander
CY2023	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	28660
CY2023	dei	Entity Address City Or Town EntityAddressCityOrTown	Boadilla del Monte (Madrid)
CY2023	dei	Entity Address Country EntityAddressCountry	ES
CY2023Q4	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	16184146059	shares
CY2023	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	Yes
CY2023	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2023	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2023	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2023	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
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CY2023	dei	Icfr Auditor Attestation Flag IcfrAuditorAttestationFlag	true
CY2023	dei	Document Fin Stmt Error Correction Flag DocumentFinStmtErrorCorrectionFlag	false
CY2023	dei	Document Accounting Standard DocumentAccountingStandard	International Financial Reporting Standards
CY2023	dei	Entity Shell Company EntityShellCompany	false
CY2023	dei	Auditor Name AuditorName	PricewaterhouseCoopers Auditores, S.L.
CY2023	dei	Auditor Location AuditorLocation	Madrid, Spain
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CY2022Q4	ifrs-full	Treasury Shares TreasuryShares	675000000	eur
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CY2023Q4	san	Profit Loss Attributable To Shareholders Of Parent ProfitLossAttributableToShareholdersOfParent	11076000000	eur
CY2022Q4	san	Profit Loss Attributable To Shareholders Of Parent ProfitLossAttributableToShareholdersOfParent	9605000000	eur
CY2021Q4	san	Profit Loss Attributable To Shareholders Of Parent ProfitLossAttributableToShareholdersOfParent	8124000000	eur
CY2023Q4	san	Interim Dividends InterimDividends	1298000000	eur
CY2022Q4	san	Interim Dividends InterimDividends	979000000	eur
CY2021Q4	san	Interim Dividends InterimDividends	836000000	eur
CY2023Q4	ifrs-full	Accumulated Other Comprehensive Income AccumulatedOtherComprehensiveIncome	-35020000000	eur
CY2022Q4	ifrs-full	Accumulated Other Comprehensive Income AccumulatedOtherComprehensiveIncome	-35628000000	eur
CY2021Q4	ifrs-full	Accumulated Other Comprehensive Income AccumulatedOtherComprehensiveIncome	-32719000000	eur
CY2023Q4	san	Other Comprehensive Income Items That Will Not Be Reclassified To Profit Or Loss OtherComprehensiveIncomeItemsThatWillNotBeReclassifiedToProfitOrLoss	-5212000000	eur
CY2022Q4	san	Other Comprehensive Income Items That Will Not Be Reclassified To Profit Or Loss OtherComprehensiveIncomeItemsThatWillNotBeReclassifiedToProfitOrLoss	-4635000000	eur
CY2021Q4	san	Other Comprehensive Income Items That Will Not Be Reclassified To Profit Or Loss OtherComprehensiveIncomeItemsThatWillNotBeReclassifiedToProfitOrLoss	-4241000000	eur
CY2023Q4	san	Other Comprehensive Income Items That May Be Reclassified To Profit Or Loss OtherComprehensiveIncomeItemsThatMayBeReclassifiedToProfitOrLoss	-29808000000	eur
CY2022Q4	san	Other Comprehensive Income Items That May Be Reclassified To Profit Or Loss OtherComprehensiveIncomeItemsThatMayBeReclassifiedToProfitOrLoss	-30993000000	eur
CY2021Q4	san	Other Comprehensive Income Items That May Be Reclassified To Profit Or Loss OtherComprehensiveIncomeItemsThatMayBeReclassifiedToProfitOrLoss	-28478000000	eur
CY2023Q4	ifrs-full	Noncontrolling Interests NoncontrollingInterests	8818000000	eur
CY2022Q4	ifrs-full	Noncontrolling Interests NoncontrollingInterests	8481000000	eur
CY2021Q4	ifrs-full	Noncontrolling Interests NoncontrollingInterests	10123000000	eur
CY2023Q4	san	Accumulated Other Comprehensive Income Attributable To Non Controlling Interests AccumulatedOtherComprehensiveIncomeAttributableToNonControllingInterests	-1559000000	eur
CY2022Q4	san	Accumulated Other Comprehensive Income Attributable To Non Controlling Interests AccumulatedOtherComprehensiveIncomeAttributableToNonControllingInterests	-1856000000	eur
CY2021Q4	san	Accumulated Other Comprehensive Income Attributable To Non Controlling Interests AccumulatedOtherComprehensiveIncomeAttributableToNonControllingInterests	-2104000000	eur
CY2023Q4	san	Non Controlling Interest Excluding Accumulated Other Comprehensive Income NonControllingInterestExcludingAccumulatedOtherComprehensiveIncome	10377000000	eur
CY2022Q4	san	Non Controlling Interest Excluding Accumulated Other Comprehensive Income NonControllingInterestExcludingAccumulatedOtherComprehensiveIncome	10337000000	eur
CY2021Q4	san	Non Controlling Interest Excluding Accumulated Other Comprehensive Income NonControllingInterestExcludingAccumulatedOtherComprehensiveIncome	12227000000	eur
CY2023Q4	ifrs-full	Equity Equity	104241000000	eur
CY2022Q4	ifrs-full	Equity Equity	97585000000	eur
CY2021Q4	ifrs-full	Equity Equity	97053000000	eur
CY2023Q4	ifrs-full	Equity And Liabilities EquityAndLiabilities	1797062000000	eur
CY2022Q4	ifrs-full	Equity And Liabilities EquityAndLiabilities	1734659000000	eur
CY2021Q4	ifrs-full	Equity And Liabilities EquityAndLiabilities	1595835000000	eur
CY2023	ifrs-full	Revenue From Interest RevenueFromInterest	105252000000	eur
CY2022	ifrs-full	Revenue From Interest RevenueFromInterest	71430000000	eur
CY2021	ifrs-full	Revenue From Interest RevenueFromInterest	46463000000	eur
CY2023	ifrs-full	Interest Expense InterestExpense	61991000000	eur
CY2022	ifrs-full	Interest Expense InterestExpense	32811000000	eur
CY2021	ifrs-full	Interest Expense InterestExpense	13093000000	eur
CY2023	ifrs-full	Interest Revenue Expense InterestRevenueExpense	43261000000	eur
CY2022	ifrs-full	Interest Revenue Expense InterestRevenueExpense	38619000000	eur
CY2021	ifrs-full	Interest Revenue Expense InterestRevenueExpense	33370000000	eur
CY2023	ifrs-full	Revenue From Dividends RevenueFromDividends	571000000	eur
CY2022	ifrs-full	Revenue From Dividends RevenueFromDividends	488000000	eur
CY2021	ifrs-full	Revenue From Dividends RevenueFromDividends	513000000	eur
CY2023	ifrs-full	Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod	613000000	eur
CY2022	ifrs-full	Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod	702000000	eur
CY2021	ifrs-full	Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod	432000000	eur
CY2023	ifrs-full	Fee And Commission Income FeeAndCommissionIncome	16321000000	eur
CY2022	ifrs-full	Fee And Commission Income FeeAndCommissionIncome	15867000000	eur
CY2021	ifrs-full	Fee And Commission Income FeeAndCommissionIncome	13812000000	eur
CY2023	ifrs-full	Fee And Commission Expense FeeAndCommissionExpense	4264000000	eur
CY2022	ifrs-full	Fee And Commission Expense FeeAndCommissionExpense	4077000000	eur
CY2021	ifrs-full	Fee And Commission Expense FeeAndCommissionExpense	3310000000	eur
CY2023	san	Gains Losses On Financial Assets And Liabilities Not Measured At Fair Value Through Profit Or Loss Net GainsLossesOnFinancialAssetsAndLiabilitiesNotMeasuredAtFairValueThroughProfitOrLossNet	96000000	eur
CY2022	san	Gains Losses On Financial Assets And Liabilities Not Measured At Fair Value Through Profit Or Loss Net GainsLossesOnFinancialAssetsAndLiabilitiesNotMeasuredAtFairValueThroughProfitOrLossNet	149000000	eur
CY2021	san	Gains Losses On Financial Assets And Liabilities Not Measured At Fair Value Through Profit Or Loss Net GainsLossesOnFinancialAssetsAndLiabilitiesNotMeasuredAtFairValueThroughProfitOrLossNet	628000000	eur
CY2023	san	Gains Losses On Financial Assets And Liabilities Held For Trading GainsLossesOnFinancialAssetsAndLiabilitiesHeldForTrading	2322000000	eur
CY2022	san	Gains Losses On Financial Assets And Liabilities Held For Trading GainsLossesOnFinancialAssetsAndLiabilitiesHeldForTrading	842000000	eur
CY2021	san	Gains Losses On Financial Assets And Liabilities Held For Trading GainsLossesOnFinancialAssetsAndLiabilitiesHeldForTrading	1141000000	eur
CY2023	ifrs-full	Gains Losses On Financial Assets At Fair Value Through Profit Or Loss Mandatorily Measured At Fair Value GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue	204000000	eur
CY2022	ifrs-full	Gains Losses On Financial Assets At Fair Value Through Profit Or Loss Mandatorily Measured At Fair Value GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue	162000000	eur
CY2021	ifrs-full	Gains Losses On Financial Assets At Fair Value Through Profit Or Loss Mandatorily Measured At Fair Value GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue	132000000	eur
CY2023	san	Gains Losses On Financial Assets And Liabilities At Fair Value Through Profit Or Loss GainsLossesOnFinancialAssetsAndLiabilitiesAtFairValueThroughProfitOrLoss	-93000000	eur
CY2022	san	Gains Losses On Financial Assets And Liabilities At Fair Value Through Profit Or Loss GainsLossesOnFinancialAssetsAndLiabilitiesAtFairValueThroughProfitOrLoss	968000000	eur
CY2021	san	Gains Losses On Financial Assets And Liabilities At Fair Value Through Profit Or Loss GainsLossesOnFinancialAssetsAndLiabilitiesAtFairValueThroughProfitOrLoss	270000000	eur
CY2023	san	Gains Or Losses From Hedge Accounting Net GainsOrLossesFromHedgeAccountingNet	63000000	eur
CY2022	san	Gains Or Losses From Hedge Accounting Net GainsOrLossesFromHedgeAccountingNet	74000000	eur
CY2021	san	Gains Or Losses From Hedge Accounting Net GainsOrLossesFromHedgeAccountingNet	-46000000	eur
CY2023	ifrs-full	Gains Losses On Exchange Differences On Translation Recognised In Profit Or Loss GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss	41000000	eur
CY2022	ifrs-full	Gains Losses On Exchange Differences On Translation Recognised In Profit Or Loss GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss	-542000000	eur
CY2021	ifrs-full	Gains Losses On Exchange Differences On Translation Recognised In Profit Or Loss GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss	-562000000	eur
CY2023	san	Other Operating Income1 OtherOperatingIncome1	1104000000	eur
CY2022	san	Other Operating Income1 OtherOperatingIncome1	1510000000	eur
CY2021	san	Other Operating Income1 OtherOperatingIncome1	2255000000	eur
CY2023	san	Other Operating Expense OtherOperatingExpense	2827000000	eur
CY2022	san	Other Operating Expense OtherOperatingExpense	2803000000	eur
CY2021	san	Other Operating Expense OtherOperatingExpense	2442000000	eur
CY2023	san	Finance Income From Insurance And Reinsurance Contracts Recognised In Profit Or Loss FinanceIncomeFromInsuranceAndReinsuranceContractsRecognisedInProfitOrLoss	460000000	eur
CY2022	san	Finance Income From Insurance And Reinsurance Contracts Recognised In Profit Or Loss FinanceIncomeFromInsuranceAndReinsuranceContractsRecognisedInProfitOrLoss	2698000000	eur
CY2021	san	Finance Income From Insurance And Reinsurance Contracts Recognised In Profit Or Loss FinanceIncomeFromInsuranceAndReinsuranceContractsRecognisedInProfitOrLoss	1516000000	eur
CY2023	san	Finance Expenses From Insurance And Reinsurance Contracts Recognised In Profit Or Loss FinanceExpensesFromInsuranceAndReinsuranceContractsRecognisedInProfitOrLoss	449000000	eur
CY2022	san	Finance Expenses From Insurance And Reinsurance Contracts Recognised In Profit Or Loss FinanceExpensesFromInsuranceAndReinsuranceContractsRecognisedInProfitOrLoss	2540000000	eur
CY2021	san	Finance Expenses From Insurance And Reinsurance Contracts Recognised In Profit Or Loss FinanceExpensesFromInsuranceAndReinsuranceContractsRecognisedInProfitOrLoss	1305000000	eur
CY2023	ifrs-full	Gross Profit GrossProfit	57423000000	eur
CY2022	ifrs-full	Gross Profit GrossProfit	52117000000	eur
CY2021	ifrs-full	Gross Profit GrossProfit	46404000000	eur
CY2023	ifrs-full	Administrative Expense AdministrativeExpense	22241000000	eur
CY2022	ifrs-full	Administrative Expense AdministrativeExpense	20918000000	eur
CY2021	ifrs-full	Administrative Expense AdministrativeExpense	18659000000	eur
CY2023	ifrs-full	Employee Benefits Expense EmployeeBenefitsExpense	13726000000	eur
CY2022	ifrs-full	Employee Benefits Expense EmployeeBenefitsExpense	12547000000	eur
CY2021	ifrs-full	Employee Benefits Expense EmployeeBenefitsExpense	11216000000	eur
CY2023	san	Other General Administrative Expenses OtherGeneralAdministrativeExpenses	8515000000	eur
CY2022	san	Other General Administrative Expenses OtherGeneralAdministrativeExpenses	8371000000	eur
CY2021	san	Other General Administrative Expenses OtherGeneralAdministrativeExpenses	7443000000	eur
CY2023	ifrs-full	Depreciation And Amortisation Expense DepreciationAndAmortisationExpense	3184000000	eur
CY2022	ifrs-full	Depreciation And Amortisation Expense DepreciationAndAmortisationExpense	2985000000	eur
CY2021	ifrs-full	Depreciation And Amortisation Expense DepreciationAndAmortisationExpense	2756000000	eur
CY2023	san	Provisions And Reversal Of Provisions ProvisionsAndReversalOfProvisions	2678000000	eur
CY2022	san	Provisions And Reversal Of Provisions ProvisionsAndReversalOfProvisions	1881000000	eur
CY2021	san	Provisions And Reversal Of Provisions ProvisionsAndReversalOfProvisions	2814000000	eur
CY2023	ifrs-full	Impairment Loss Impairment Gain And Reversal Of Impairment Loss Determined In Accordance With Ifrs9 ImpairmentLossImpairmentGainAndReversalOfImpairmentLossDeterminedInAccordanceWithIFRS9	12956000000	eur
CY2022	ifrs-full	Impairment Loss Impairment Gain And Reversal Of Impairment Loss Determined In Accordance With Ifrs9 ImpairmentLossImpairmentGainAndReversalOfImpairmentLossDeterminedInAccordanceWithIFRS9	10863000000	eur
CY2021	ifrs-full	Impairment Loss Impairment Gain And Reversal Of Impairment Loss Determined In Accordance With Ifrs9 ImpairmentLossImpairmentGainAndReversalOfImpairmentLossDeterminedInAccordanceWithIFRS9	7407000000	eur
CY2023	san	Impairment Loss Reversal Of Impairment Of Investments In Subsidiaries Joint Ventures And Associates Net ImpairmentLossReversalOfImpairmentOfInvestmentsInSubsidiariesJointVenturesAndAssociatesNet	0	eur
CY2022	san	Impairment Loss Reversal Of Impairment Of Investments In Subsidiaries Joint Ventures And Associates Net ImpairmentLossReversalOfImpairmentOfInvestmentsInSubsidiariesJointVenturesAndAssociatesNet	0	eur
CY2021	san	Impairment Loss Reversal Of Impairment Of Investments In Subsidiaries Joint Ventures And Associates Net ImpairmentLossReversalOfImpairmentOfInvestmentsInSubsidiariesJointVenturesAndAssociatesNet	0	eur
CY2023	san	Impairment Loss Reversal Of Impairment Recognised In Profit Or Loss Non Financial Assets Net ImpairmentLossReversalOfImpairmentRecognisedInProfitOrLossNonFinancialAssetsNet	237000000	eur
CY2022	san	Impairment Loss Reversal Of Impairment Recognised In Profit Or Loss Non Financial Assets Net ImpairmentLossReversalOfImpairmentRecognisedInProfitOrLossNonFinancialAssetsNet	239000000	eur
CY2021	san	Impairment Loss Reversal Of Impairment Recognised In Profit Or Loss Non Financial Assets Net ImpairmentLossReversalOfImpairmentRecognisedInProfitOrLossNonFinancialAssetsNet	231000000	eur
CY2023	san	Impairment Loss Or Reversal Of Impairment Recognised In Profit Or Loss Tangible Assets ImpairmentLossOrReversalOfImpairmentRecognisedInProfitOrLossTangibleAssets	136000000	eur
CY2022	san	Impairment Loss Or Reversal Of Impairment Recognised In Profit Or Loss Tangible Assets ImpairmentLossOrReversalOfImpairmentRecognisedInProfitOrLossTangibleAssets	140000000	eur
CY2021	san	Impairment Loss Or Reversal Of Impairment Recognised In Profit Or Loss Tangible Assets ImpairmentLossOrReversalOfImpairmentRecognisedInProfitOrLossTangibleAssets	150000000	eur
CY2023	ifrs-full	Impairment Loss Recognised In Profit Or Loss Intangible Assets And Goodwill ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsAndGoodwill	73000000	eur
CY2022	ifrs-full	Impairment Loss Recognised In Profit Or Loss Intangible Assets And Goodwill ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsAndGoodwill	75000000	eur
CY2021	ifrs-full	Impairment Loss Recognised In Profit Or Loss Intangible Assets And Goodwill ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsAndGoodwill	71000000	eur
CY2023	san	Impairment Loss Or Reversal Of Impairment Recognised In Profit Or Loss Other Non Financial Assets Net ImpairmentLossOrReversalOfImpairmentRecognisedInProfitOrLossOtherNonFinancialAssetsNet	28000000	eur
CY2022	san	Impairment Loss Or Reversal Of Impairment Recognised In Profit Or Loss Other Non Financial Assets Net ImpairmentLossOrReversalOfImpairmentRecognisedInProfitOrLossOtherNonFinancialAssetsNet	24000000	eur
CY2021	san	Impairment Loss Or Reversal Of Impairment Recognised In Profit Or Loss Other Non Financial Assets Net ImpairmentLossOrReversalOfImpairmentRecognisedInProfitOrLossOtherNonFinancialAssetsNet	10000000	eur
CY2023	san	Gains Losses On Disposals Of Non Financial Assets Net GainsLossesOnDisposalsOfNonFinancialAssetsNet	313000000	eur
CY2022	san	Gains Losses On Disposals Of Non Financial Assets Net GainsLossesOnDisposalsOfNonFinancialAssetsNet	12000000	eur
CY2021	san	Gains Losses On Disposals Of Non Financial Assets Net GainsLossesOnDisposalsOfNonFinancialAssetsNet	53000000	eur
CY2023	ifrs-full	Gain Recognised In Bargain Purchase Transaction GainRecognisedInBargainPurchaseTransaction	39000000	eur
CY2022	ifrs-full	Gain Recognised In Bargain Purchase Transaction GainRecognisedInBargainPurchaseTransaction	0	eur
CY2021	ifrs-full	Gain Recognised In Bargain Purchase Transaction GainRecognisedInBargainPurchaseTransaction	0	eur
CY2023	san	Gains Losses On Non Current Assets Held For Sale Not Classified As Discontinued Operations GainsLossesOnNonCurrentAssetsHeldForSaleNotClassifiedAsDiscontinuedOperations	-20000000	eur
CY2022	san	Gains Losses On Non Current Assets Held For Sale Not Classified As Discontinued Operations GainsLossesOnNonCurrentAssetsHeldForSaleNotClassifiedAsDiscontinuedOperations	7000000	eur
CY2021	san	Gains Losses On Non Current Assets Held For Sale Not Classified As Discontinued Operations GainsLossesOnNonCurrentAssetsHeldForSaleNotClassifiedAsDiscontinuedOperations	-43000000	eur
CY2023	ifrs-full	Profit Loss Before Tax ProfitLossBeforeTax	16459000000	eur
CY2022	ifrs-full	Profit Loss Before Tax ProfitLossBeforeTax	15250000000	eur
CY2021	ifrs-full	Profit Loss Before Tax ProfitLossBeforeTax	14547000000	eur
CY2023	ifrs-full	Income Tax Expense Continuing Operations IncomeTaxExpenseContinuingOperations	4276000000	eur
CY2022	ifrs-full	Income Tax Expense Continuing Operations IncomeTaxExpenseContinuingOperations	4486000000	eur
CY2021	ifrs-full	Income Tax Expense Continuing Operations IncomeTaxExpenseContinuingOperations	4894000000	eur
CY2023	ifrs-full	Profit Loss From Continuing Operations ProfitLossFromContinuingOperations	12183000000	eur
CY2022	ifrs-full	Profit Loss From Continuing Operations ProfitLossFromContinuingOperations	10764000000	eur
CY2021	ifrs-full	Profit Loss From Continuing Operations ProfitLossFromContinuingOperations	9653000000	eur
CY2023	ifrs-full	Profit Loss From Discontinued Operations ProfitLossFromDiscontinuedOperations	0	eur
CY2022	ifrs-full	Profit Loss From Discontinued Operations ProfitLossFromDiscontinuedOperations	0	eur
CY2021	ifrs-full	Profit Loss From Discontinued Operations ProfitLossFromDiscontinuedOperations	0	eur
CY2023	ifrs-full	Profit Loss ProfitLoss	12183000000	eur
CY2022	ifrs-full	Profit Loss ProfitLoss	10764000000	eur
CY2021	ifrs-full	Profit Loss ProfitLoss	9653000000	eur
CY2023	ifrs-full	Profit Loss Attributable To Noncontrolling Interests ProfitLossAttributableToNoncontrollingInterests	1107000000	eur
CY2022	ifrs-full	Profit Loss Attributable To Noncontrolling Interests ProfitLossAttributableToNoncontrollingInterests	1159000000	eur
CY2021	ifrs-full	Profit Loss Attributable To Noncontrolling Interests ProfitLossAttributableToNoncontrollingInterests	1529000000	eur
CY2023	ifrs-full	Profit Loss Attributable To Owners Of Parent ProfitLossAttributableToOwnersOfParent	11076000000	eur
CY2022	ifrs-full	Profit Loss Attributable To Owners Of Parent ProfitLossAttributableToOwnersOfParent	9605000000	eur
CY2021	ifrs-full	Profit Loss Attributable To Owners Of Parent ProfitLossAttributableToOwnersOfParent	8124000000	eur
CY2023	ifrs-full	Basic Earnings Loss Per Share BasicEarningsLossPerShare	0.654
CY2022	ifrs-full	Basic Earnings Loss Per Share BasicEarningsLossPerShare	0.539
CY2021	ifrs-full	Basic Earnings Loss Per Share BasicEarningsLossPerShare	0.438
CY2023	ifrs-full	Diluted Earnings Loss Per Share DilutedEarningsLossPerShare	0.651
CY2022	ifrs-full	Diluted Earnings Loss Per Share DilutedEarningsLossPerShare	0.537
CY2021	ifrs-full	Diluted Earnings Loss Per Share DilutedEarningsLossPerShare	0.436
CY2023	ifrs-full	Profit Loss ProfitLoss	12183000000	eur
CY2022	ifrs-full	Profit Loss ProfitLoss	10764000000	eur
CY2021	ifrs-full	Profit Loss ProfitLoss	9653000000	eur
CY2023	ifrs-full	Other Comprehensive Income OtherComprehensiveIncome	614000000	eur
CY2022	ifrs-full	Other Comprehensive Income OtherComprehensiveIncome	-2660000000	eur
CY2021	ifrs-full	Other Comprehensive Income OtherComprehensiveIncome	-220000000	eur
CY2023	ifrs-full	Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss Net Of Tax OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax	-964000000	eur
CY2022	ifrs-full	Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss Net Of Tax OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax	-399000000	eur
CY2021	ifrs-full	Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss Net Of Tax OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax	754000000	eur
CY2023	ifrs-full	Other Comprehensive Income Before Tax Gains Losses On Remeasurements Of Defined Benefit Plans OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans	-1038000000	eur
CY2022	ifrs-full	Other Comprehensive Income Before Tax Gains Losses On Remeasurements Of Defined Benefit Plans OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans	-56000000	eur
CY2021	ifrs-full	Other Comprehensive Income Before Tax Gains Losses On Remeasurements Of Defined Benefit Plans OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans	1567000000	eur
CY2023	san	Non Current Assets Held For Sale That Will Not Be Reclassified To Profit Or Loss Before Tax NonCurrentAssetsHeldForSaleThatWillNotBeReclassifiedToProfitOrLossBeforeTax	0	eur
CY2022	san	Non Current Assets Held For Sale That Will Not Be Reclassified To Profit Or Loss Before Tax NonCurrentAssetsHeldForSaleThatWillNotBeReclassifiedToProfitOrLossBeforeTax	0	eur
CY2021	san	Non Current Assets Held For Sale That Will Not Be Reclassified To Profit Or Loss Before Tax NonCurrentAssetsHeldForSaleThatWillNotBeReclassifiedToProfitOrLossBeforeTax	0	eur
CY2023	ifrs-full	Share Of Other Comprehensive Income Of Associates And Joint Ventures Accounted For Using Equity Method That Will Not Be Reclassified To Profit Or Loss Net Of Tax ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossNetOfTax	-5000000	eur
CY2022	ifrs-full	Share Of Other Comprehensive Income Of Associates And Joint Ventures Accounted For Using Equity Method That Will Not Be Reclassified To Profit Or Loss Net Of Tax ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossNetOfTax	17000000	eur
CY2021	ifrs-full	Share Of Other Comprehensive Income Of Associates And Joint Ventures Accounted For Using Equity Method That Will Not Be Reclassified To Profit Or Loss Net Of Tax ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossNetOfTax	-1000000	eur
CY2023	ifrs-full	Other Comprehensive Income Before Tax Gains Losses From Investments In Equity Instruments OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments	-162000000	eur
CY2022	ifrs-full	Other Comprehensive Income Before Tax Gains Losses From Investments In Equity Instruments OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments	-497000000	eur
CY2021	ifrs-full	Other Comprehensive Income Before Tax Gains Losses From Investments In Equity Instruments OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments	-171000000	eur
CY2023	ifrs-full	Other Comprehensive Income Before Tax Gains Losses On Hedging Instruments That Hedge Investments In Equity Instruments OtherComprehensiveIncomeBeforeTaxGainsLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstruments	0	eur
CY2022	ifrs-full	Other Comprehensive Income Before Tax Gains Losses On Hedging Instruments That Hedge Investments In Equity Instruments OtherComprehensiveIncomeBeforeTaxGainsLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstruments	0	eur
CY2021	ifrs-full	Other Comprehensive Income Before Tax Gains Losses On Hedging Instruments That Hedge Investments In Equity Instruments OtherComprehensiveIncomeBeforeTaxGainsLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstruments	0	eur
CY2023	san	Changes In The Fair Value Of Equity Instruments Measured At Fair Value Through Other Comprehensive Income Hedged Item ChangesInTheFairValueOfEquityInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeHedgedItem	-29000000	eur
CY2022	san	Changes In The Fair Value Of Equity Instruments Measured At Fair Value Through Other Comprehensive Income Hedged Item ChangesInTheFairValueOfEquityInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeHedgedItem	18000000	eur
CY2021	san	Changes In The Fair Value Of Equity Instruments Measured At Fair Value Through Other Comprehensive Income Hedged Item ChangesInTheFairValueOfEquityInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeHedgedItem	117000000	eur
CY2023	san	Changes In The Fair Value Of Equity Instruments Measured At Fair Value Through Other Comprehensive Income Hedging Instrument ChangesInTheFairValueOfEquityInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeHedgingInstrument	29000000	eur
CY2022	san	Changes In The Fair Value Of Equity Instruments Measured At Fair Value Through Other Comprehensive Income Hedging Instrument ChangesInTheFairValueOfEquityInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeHedgingInstrument	-18000000	eur
CY2021	san	Changes In The Fair Value Of Equity Instruments Measured At Fair Value Through Other Comprehensive Income Hedging Instrument ChangesInTheFairValueOfEquityInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeHedgingInstrument	-117000000	eur
CY2023	ifrs-full	Other Comprehensive Income Before Tax Change In Fair Value Of Financial Liability Attributable To Change In Credit Risk Of Liability OtherComprehensiveIncomeBeforeTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability	-120000000	eur
CY2022	ifrs-full	Other Comprehensive Income Before Tax Change In Fair Value Of Financial Liability Attributable To Change In Credit Risk Of Liability OtherComprehensiveIncomeBeforeTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability	88000000	eur
CY2021	ifrs-full	Other Comprehensive Income Before Tax Change In Fair Value Of Financial Liability Attributable To Change In Credit Risk Of Liability OtherComprehensiveIncomeBeforeTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability	-99000000	eur
CY2023	ifrs-full	Income Tax Relating To Components Of Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss	-361000000	eur
CY2022	ifrs-full	Income Tax Relating To Components Of Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss	-49000000	eur
CY2021	ifrs-full	Income Tax Relating To Components Of Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss	542000000	eur
CY2023	ifrs-full	Other Comprehensive Income That Will Be Reclassified To Profit Or Loss Net Of Tax OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax	1578000000	eur
CY2022	ifrs-full	Other Comprehensive Income That Will Be Reclassified To Profit Or Loss Net Of Tax OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax	-2261000000	eur
CY2021	ifrs-full	Other Comprehensive Income That Will Be Reclassified To Profit Or Loss Net Of Tax OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax	-974000000	eur
CY2023	ifrs-full	Other Comprehensive Income Before Tax Hedges Of Net Investments In Foreign Operations OtherComprehensiveIncomeBeforeTaxHedgesOfNetInvestmentsInForeignOperations	-1888000000	eur
CY2022	ifrs-full	Other Comprehensive Income Before Tax Hedges Of Net Investments In Foreign Operations OtherComprehensiveIncomeBeforeTaxHedgesOfNetInvestmentsInForeignOperations	-2467000000	eur
CY2021	ifrs-full	Other Comprehensive Income Before Tax Hedges Of Net Investments In Foreign Operations OtherComprehensiveIncomeBeforeTaxHedgesOfNetInvestmentsInForeignOperations	-1159000000	eur
CY2023	ifrs-full	Gains Losses On Hedges Of Net Investments In Foreign Operations Before Tax GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax	-1888000000	eur
CY2022	ifrs-full	Gains Losses On Hedges Of Net Investments In Foreign Operations Before Tax GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax	-2467000000	eur
CY2021	ifrs-full	Gains Losses On Hedges Of Net Investments In Foreign Operations Before Tax GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax	-1159000000	eur
CY2023	ifrs-full	Reclassification Adjustments On Hedges Of Net Investments In Foreign Operations Before Tax ReclassificationAdjustmentsOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax	0	eur
CY2022	ifrs-full	Reclassification Adjustments On Hedges Of Net Investments In Foreign Operations Before Tax ReclassificationAdjustmentsOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax	0	eur
CY2021	ifrs-full	Reclassification Adjustments On Hedges Of Net Investments In Foreign Operations Before Tax ReclassificationAdjustmentsOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax	0	eur
CY2023	san	Other Reclassification Adjustments On Hedges Of Net Investments In Foreign Operations Before Tax OtherReclassificationAdjustmentsOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax	0	eur
CY2022	san	Other Reclassification Adjustments On Hedges Of Net Investments In Foreign Operations Before Tax OtherReclassificationAdjustmentsOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax	0	eur
CY2021	san	Other Reclassification Adjustments On Hedges Of Net Investments In Foreign Operations Before Tax OtherReclassificationAdjustmentsOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax	0	eur
CY2023	ifrs-full	Other Comprehensive Income Before Tax Exchange Differences On Translation OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation	1017000000	eur
CY2022	ifrs-full	Other Comprehensive Income Before Tax Exchange Differences On Translation OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation	3658000000	eur
CY2021	ifrs-full	Other Comprehensive Income Before Tax Exchange Differences On Translation OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation	3082000000	eur
CY2023	ifrs-full	Gains Losses On Exchange Differences On Translation Before Tax GainsLossesOnExchangeDifferencesOnTranslationBeforeTax	1009000000	eur
CY2022	ifrs-full	Gains Losses On Exchange Differences On Translation Before Tax GainsLossesOnExchangeDifferencesOnTranslationBeforeTax	3658000000	eur
CY2021	ifrs-full	Gains Losses On Exchange Differences On Translation Before Tax GainsLossesOnExchangeDifferencesOnTranslationBeforeTax	3082000000	eur
CY2023	ifrs-full	Reclassification Adjustments On Exchange Differences On Translation Before Tax ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax	-8000000	eur
CY2022	ifrs-full	Reclassification Adjustments On Exchange Differences On Translation Before Tax ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax	0	eur
CY2021	ifrs-full	Reclassification Adjustments On Exchange Differences On Translation Before Tax ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax	0	eur
CY2023	san	Other Reclassification Adjustments On Exchange Differences On Translation Before Tax OtherReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax	0	eur
CY2022	san	Other Reclassification Adjustments On Exchange Differences On Translation Before Tax OtherReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax	0	eur
CY2021	san	Other Reclassification Adjustments On Exchange Differences On Translation Before Tax OtherReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax	0	eur
CY2023	ifrs-full	Other Comprehensive Income Before Tax Cash Flow Hedges OtherComprehensiveIncomeBeforeTaxCashFlowHedges	2592000000	eur
CY2022	ifrs-full	Other Comprehensive Income Before Tax Cash Flow Hedges OtherComprehensiveIncomeBeforeTaxCashFlowHedges	-3016000000	eur
CY2021	ifrs-full	Other Comprehensive Income Before Tax Cash Flow Hedges OtherComprehensiveIncomeBeforeTaxCashFlowHedges	-938000000	eur
CY2023	ifrs-full	Gains Losses On Cash Flow Hedges Before Tax GainsLossesOnCashFlowHedgesBeforeTax	-30000000	eur
CY2022	ifrs-full	Gains Losses On Cash Flow Hedges Before Tax GainsLossesOnCashFlowHedgesBeforeTax	-1762000000	eur
CY2021	ifrs-full	Gains Losses On Cash Flow Hedges Before Tax GainsLossesOnCashFlowHedgesBeforeTax	-1739000000	eur
CY2023	ifrs-full	Reclassification Adjustments On Cash Flow Hedges Before Tax ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax	-2622000000	eur
CY2022	ifrs-full	Reclassification Adjustments On Cash Flow Hedges Before Tax ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax	1254000000	eur
CY2021	ifrs-full	Reclassification Adjustments On Cash Flow Hedges Before Tax ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax	-801000000	eur
CY2023	ifrs-full	Amounts Removed From Equity And Included In Carrying Amount Of Nonfinancial Asset Liability Whose Acquisition Or Incurrence Was Hedged Highly Probable Forecast Transaction Before Tax AmountsRemovedFromEquityAndIncludedInCarryingAmountOfNonfinancialAssetLiabilityWhoseAcquisitionOrIncurrenceWasHedgedHighlyProbableForecastTransactionBeforeTax	0	eur
CY2022	ifrs-full	Amounts Removed From Equity And Included In Carrying Amount Of Nonfinancial Asset Liability Whose Acquisition Or Incurrence Was Hedged Highly Probable Forecast Transaction Before Tax AmountsRemovedFromEquityAndIncludedInCarryingAmountOfNonfinancialAssetLiabilityWhoseAcquisitionOrIncurrenceWasHedgedHighlyProbableForecastTransactionBeforeTax	0	eur
CY2021	ifrs-full	Amounts Removed From Equity And Included In Carrying Amount Of Nonfinancial Asset Liability Whose Acquisition Or Incurrence Was Hedged Highly Probable Forecast Transaction Before Tax AmountsRemovedFromEquityAndIncludedInCarryingAmountOfNonfinancialAssetLiabilityWhoseAcquisitionOrIncurrenceWasHedgedHighlyProbableForecastTransactionBeforeTax	0	eur
CY2023	san	Other Reclassification Adjustments On Cash Flow Hedges Before Tax OtherReclassificationAdjustmentsOnCashFlowHedgesBeforeTax	0	eur
CY2022	san	Other Reclassification Adjustments On Cash Flow Hedges Before Tax OtherReclassificationAdjustmentsOnCashFlowHedgesBeforeTax	0	eur
CY2021	san	Other Reclassification Adjustments On Cash Flow Hedges Before Tax OtherReclassificationAdjustmentsOnCashFlowHedgesBeforeTax	0	eur
CY2023	san	Other Comprehensive Income Before Tax Hedging Instruments Not Designated OtherComprehensiveIncomeBeforeTaxHedgingInstrumentsNotDesignated	0	eur
CY2022	san	Other Comprehensive Income Before Tax Hedging Instruments Not Designated OtherComprehensiveIncomeBeforeTaxHedgingInstrumentsNotDesignated	0	eur
CY2021	san	Other Comprehensive Income Before Tax Hedging Instruments Not Designated OtherComprehensiveIncomeBeforeTaxHedgingInstrumentsNotDesignated	0	eur
CY2023	san	Gains Losses On Remeasuring Hedging Instruments Not Designated Before Tax GainsLossesOnRemeasuringHedgingInstrumentsNotDesignatedBeforeTax	0	eur
CY2022	san	Gains Losses On Remeasuring Hedging Instruments Not Designated Before Tax GainsLossesOnRemeasuringHedgingInstrumentsNotDesignatedBeforeTax	0	eur
CY2021	san	Gains Losses On Remeasuring Hedging Instruments Not Designated Before Tax GainsLossesOnRemeasuringHedgingInstrumentsNotDesignatedBeforeTax	0	eur
CY2023	san	Reclassification Adjustments On Hedging Instruments Not Designated Before Tax ReclassificationAdjustmentsOnHedgingInstrumentsNotDesignatedBeforeTax	0	eur
CY2022	san	Reclassification Adjustments On Hedging Instruments Not Designated Before Tax ReclassificationAdjustmentsOnHedgingInstrumentsNotDesignatedBeforeTax	0	eur
CY2021	san	Reclassification Adjustments On Hedging Instruments Not Designated Before Tax ReclassificationAdjustmentsOnHedgingInstrumentsNotDesignatedBeforeTax	0	eur
CY2023	san	Other Reclassification Adjustments On Hedging Instruments Not Designated Before Tax OtherReclassificationAdjustmentsOnHedgingInstrumentsNotDesignatedBeforeTax	0	eur
CY2022	san	Other Reclassification Adjustments On Hedging Instruments Not Designated Before Tax OtherReclassificationAdjustmentsOnHedgingInstrumentsNotDesignatedBeforeTax	0	eur
CY2021	san	Other Reclassification Adjustments On Hedging Instruments Not Designated Before Tax OtherReclassificationAdjustmentsOnHedgingInstrumentsNotDesignatedBeforeTax	0	eur
CY2023	ifrs-full	Other Comprehensive Income Before Tax Financial Assets Measured At Fair Value Through Other Comprehensive Income OtherComprehensiveIncomeBeforeTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome	858000000	eur
CY2022	ifrs-full	Other Comprehensive Income Before Tax Financial Assets Measured At Fair Value Through Other Comprehensive Income OtherComprehensiveIncomeBeforeTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome	-2086000000	eur
CY2021	ifrs-full	Other Comprehensive Income Before Tax Financial Assets Measured At Fair Value Through Other Comprehensive Income OtherComprehensiveIncomeBeforeTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome	-3250000000	eur
CY2023	ifrs-full	Gains Losses On Financial Assets Measured At Fair Value Through Other Comprehensive Income Before Tax GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax	852000000	eur
CY2022	ifrs-full	Gains Losses On Financial Assets Measured At Fair Value Through Other Comprehensive Income Before Tax GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax	-2591000000	eur
CY2021	ifrs-full	Gains Losses On Financial Assets Measured At Fair Value Through Other Comprehensive Income Before Tax GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax	-3063000000	eur
CY2023	ifrs-full	Reclassification Adjustments On Financial Assets Measured At Fair Value Through Other Comprehensive Income Before Tax ReclassificationAdjustmentsOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax	-6000000	eur
CY2022	ifrs-full	Reclassification Adjustments On Financial Assets Measured At Fair Value Through Other Comprehensive Income Before Tax ReclassificationAdjustmentsOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax	99000000	eur
CY2021	ifrs-full	Reclassification Adjustments On Financial Assets Measured At Fair Value Through Other Comprehensive Income Before Tax ReclassificationAdjustmentsOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax	545000000	eur
CY2023	san	Other Reclassification Adjustments On Financial Assets Measured At Fair Value Through Other Comprehensive Income Before Tax OtherReclassificationAdjustmentsOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax	0	eur
CY2022	san	Other Reclassification Adjustments On Financial Assets Measured At Fair Value Through Other Comprehensive Income Before Tax OtherReclassificationAdjustmentsOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax	604000000	eur
CY2021	san	Other Reclassification Adjustments On Financial Assets Measured At Fair Value Through Other Comprehensive Income Before Tax OtherReclassificationAdjustmentsOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax	358000000	eur
CY2023	san	Other Comprehensive Income Before Tax Non Current Assets Classified As Held For Sale OtherComprehensiveIncomeBeforeTaxNonCurrentAssetsClassifiedAsHeldForSale	0	eur
CY2022	san	Other Comprehensive Income Before Tax Non Current Assets Classified As Held For Sale OtherComprehensiveIncomeBeforeTaxNonCurrentAssetsClassifiedAsHeldForSale	0	eur
CY2021	san	Other Comprehensive Income Before Tax Non Current Assets Classified As Held For Sale OtherComprehensiveIncomeBeforeTaxNonCurrentAssetsClassifiedAsHeldForSale	0	eur
CY2023	san	Gains Losses On Non Current Assets Classified As Held For Sale Before Tax GainsLossesOnNonCurrentAssetsClassifiedAsHeldForSaleBeforeTax	0	eur
CY2022	san	Gains Losses On Non Current Assets Classified As Held For Sale Before Tax GainsLossesOnNonCurrentAssetsClassifiedAsHeldForSaleBeforeTax	0	eur
CY2021	san	Gains Losses On Non Current Assets Classified As Held For Sale Before Tax GainsLossesOnNonCurrentAssetsClassifiedAsHeldForSaleBeforeTax	0	eur
CY2023	san	Reclassification Adjustments On Non Current Assets Classified As Held For Sale Before Tax ReclassificationAdjustmentsOnNonCurrentAssetsClassifiedAsHeldForSaleBeforeTax	0	eur
CY2022	san	Reclassification Adjustments On Non Current Assets Classified As Held For Sale Before Tax ReclassificationAdjustmentsOnNonCurrentAssetsClassifiedAsHeldForSaleBeforeTax	0	eur
CY2021	san	Reclassification Adjustments On Non Current Assets Classified As Held For Sale Before Tax ReclassificationAdjustmentsOnNonCurrentAssetsClassifiedAsHeldForSaleBeforeTax	0	eur
CY2023	san	Other Reclassification Adjustments On Non Current Assets Classified As Held For Sale Before Tax OtherReclassificationAdjustmentsOnNonCurrentAssetsClassifiedAsHeldForSaleBeforeTax	0	eur
CY2022	san	Other Reclassification Adjustments On Non Current Assets Classified As Held For Sale Before Tax OtherReclassificationAdjustmentsOnNonCurrentAssetsClassifiedAsHeldForSaleBeforeTax	0	eur
CY2021	san	Other Reclassification Adjustments On Non Current Assets Classified As Held For Sale Before Tax OtherReclassificationAdjustmentsOnNonCurrentAssetsClassifiedAsHeldForSaleBeforeTax	0	eur
CY2023	ifrs-full	Share Of Other Comprehensive Income Of Associates And Joint Ventures Accounted For Using Equity Method That Will Be Reclassified To Profit Or Loss Net Of Tax ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossNetOfTax	19000000	eur
CY2022	ifrs-full	Share Of Other Comprehensive Income Of Associates And Joint Ventures Accounted For Using Equity Method That Will Be Reclassified To Profit Or Loss Net Of Tax ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossNetOfTax	85000000	eur
CY2021	ifrs-full	Share Of Other Comprehensive Income Of Associates And Joint Ventures Accounted For Using Equity Method That Will Be Reclassified To Profit Or Loss Net Of Tax ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossNetOfTax	19000000	eur
CY2023	ifrs-full	Income Tax Relating To Components Of Other Comprehensive Income That Will Be Reclassified To Profit Or Loss IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss	1020000000	eur
CY2022	ifrs-full	Income Tax Relating To Components Of Other Comprehensive Income That Will Be Reclassified To Profit Or Loss IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss	-1565000000	eur
CY2021	ifrs-full	Income Tax Relating To Components Of Other Comprehensive Income That Will Be Reclassified To Profit Or Loss IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss	-1272000000	eur
CY2023	ifrs-full	Comprehensive Income ComprehensiveIncome	12797000000	eur
CY2022	ifrs-full	Comprehensive Income ComprehensiveIncome	8104000000	eur
CY2021	ifrs-full	Comprehensive Income ComprehensiveIncome	9433000000	eur
CY2023	ifrs-full	Comprehensive Income Attributable To Noncontrolling Interests ComprehensiveIncomeAttributableToNoncontrollingInterests	1401000000	eur
CY2022	ifrs-full	Comprehensive Income Attributable To Noncontrolling Interests ComprehensiveIncomeAttributableToNoncontrollingInterests	1410000000	eur
CY2021	ifrs-full	Comprehensive Income Attributable To Noncontrolling Interests ComprehensiveIncomeAttributableToNoncontrollingInterests	1255000000	eur
CY2023	ifrs-full	Comprehensive Income Attributable To Owners Of Parent ComprehensiveIncomeAttributableToOwnersOfParent	11396000000	eur
CY2022	ifrs-full	Comprehensive Income Attributable To Owners Of Parent ComprehensiveIncomeAttributableToOwnersOfParent	6694000000	eur
CY2021	ifrs-full	Comprehensive Income Attributable To Owners Of Parent ComprehensiveIncomeAttributableToOwnersOfParent	8178000000	eur
CY2022Q4	ifrs-full	Equity Equity	97585000000	eur
CY2023	ifrs-full	Comprehensive Income ComprehensiveIncome	12797000000	eur
CY2023	san	Increase Decrease In Equity Other Than Comprehensive Income IncreaseDecreaseInEquityOtherThanComprehensiveIncome	-6141000000	eur
CY2023	ifrs-full	Issue Of Equity IssueOfEquity	1000000	eur
CY2023	san	Issuance Of Preferred Shares IssuanceOfPreferredShares	0	eur
CY2023	san	Issuance Of Other Financial Instruments IssuanceOfOtherFinancialInstruments	0	eur
CY2023	san	Maturity Of Other Financial Instruments MaturityOfOtherFinancialInstruments	0	eur
CY2023	ifrs-full	Increase Decrease Through Conversion Of Convertible Instruments IncreaseDecreaseThroughConversionOfConvertibleInstruments	0	eur
CY2023	ifrs-full	Reduction Of Issued Capital ReductionOfIssuedCapital	0	eur
CY2023	ifrs-full	Dividends Paid DividendsPaid	3009000000	eur
CY2023	ifrs-full	Purchase Of Treasury Shares PurchaseOfTreasuryShares	3109000000	eur
CY2023	ifrs-full	Cancellation Of Treasury Shares CancellationOfTreasuryShares	819000000	eur
CY2023	san	Transfer From Equity To Liabilities TransferFromEquityToLiabilities	0	eur
CY2023	san	Transfer From Liabilities To Equity TransferFromLiabilitiesToEquity	0	eur
CY2023	san	Increase Decrease Through Transfers Between Equity Items IncreaseDecreaseThroughTransfersBetweenEquityItems	0	eur
CY2023	ifrs-full	Increase Decrease Through Acquisition Of Subsidiary IncreaseDecreaseThroughAcquisitionOfSubsidiary	-364000000	eur
CY2023	ifrs-full	Increase Decrease Through Sharebased Payment Transactions IncreaseDecreaseThroughSharebasedPaymentTransactions	-60000000	eur
CY2023	ifrs-full	Increase Decrease Through Transfers And Other Changes Equity IncreaseDecreaseThroughTransfersAndOtherChangesEquity	-419000000	eur
CY2023Q4	ifrs-full	Equity Equity	104241000000	eur
CY2021Q4	ifrs-full	Equity Equity	97053000000	eur
CY2022	ifrs-full	Comprehensive Income ComprehensiveIncome	8104000000	eur
CY2022	san	Increase Decrease In Equity Other Than Comprehensive Income IncreaseDecreaseInEquityOtherThanComprehensiveIncome	-7572000000	eur
CY2022	ifrs-full	Issue Of Equity IssueOfEquity	9000000	eur
CY2022	san	Issuance Of Preferred Shares IssuanceOfPreferredShares	0	eur
CY2022	san	Issuance Of Other Financial Instruments IssuanceOfOtherFinancialInstruments	0	eur
CY2022	san	Maturity Of Other Financial Instruments MaturityOfOtherFinancialInstruments	756000000	eur
CY2022	ifrs-full	Increase Decrease Through Conversion Of Convertible Instruments IncreaseDecreaseThroughConversionOfConvertibleInstruments	0	eur
CY2022	ifrs-full	Reduction Of Issued Capital ReductionOfIssuedCapital	0	eur
CY2022	ifrs-full	Dividends Paid DividendsPaid	2348000000	eur
CY2022	ifrs-full	Purchase Of Treasury Shares PurchaseOfTreasuryShares	2050000000	eur
CY2022	ifrs-full	Cancellation Of Treasury Shares CancellationOfTreasuryShares	570000000	eur
CY2022	san	Transfer From Equity To Liabilities TransferFromEquityToLiabilities	0	eur
CY2022	san	Transfer From Liabilities To Equity TransferFromLiabilitiesToEquity	0	eur
CY2022	san	Increase Decrease Through Transfers Between Equity Items IncreaseDecreaseThroughTransfersBetweenEquityItems	0	eur
CY2022	ifrs-full	Increase Decrease Through Acquisition Of Subsidiary IncreaseDecreaseThroughAcquisitionOfSubsidiary	31000000	eur
CY2022	ifrs-full	Increase Decrease Through Sharebased Payment Transactions IncreaseDecreaseThroughSharebasedPaymentTransactions	-49000000	eur
CY2022	ifrs-full	Increase Decrease Through Transfers And Other Changes Equity IncreaseDecreaseThroughTransfersAndOtherChangesEquity	-2979000000	eur
CY2022Q4	ifrs-full	Equity Equity	97585000000	eur
CY2020Q4	ifrs-full	Equity Equity	91322000000	eur
CY2021	ifrs-full	Comprehensive Income ComprehensiveIncome	9433000000	eur
CY2021	san	Increase Decrease In Equity Other Than Comprehensive Income IncreaseDecreaseInEquityOtherThanComprehensiveIncome	-3702000000	eur
CY2021	ifrs-full	Issue Of Equity IssueOfEquity	17000000	eur
CY2021	san	Issuance Of Preferred Shares IssuanceOfPreferredShares	0	eur
CY2021	san	Issuance Of Other Financial Instruments IssuanceOfOtherFinancialInstruments	0	eur
CY2021	san	Maturity Of Other Financial Instruments MaturityOfOtherFinancialInstruments	0	eur
CY2021	ifrs-full	Increase Decrease Through Conversion Of Convertible Instruments IncreaseDecreaseThroughConversionOfConvertibleInstruments	0	eur
CY2021	ifrs-full	Reduction Of Issued Capital ReductionOfIssuedCapital	0	eur
CY2021	ifrs-full	Dividends Paid DividendsPaid	1961000000	eur
CY2021	ifrs-full	Purchase Of Treasury Shares PurchaseOfTreasuryShares	1645000000	eur
CY2021	ifrs-full	Cancellation Of Treasury Shares CancellationOfTreasuryShares	843000000	eur
CY2021	san	Transfer From Equity To Liabilities TransferFromEquityToLiabilities	0	eur
CY2021	san	Transfer From Liabilities To Equity TransferFromLiabilitiesToEquity	0	eur
CY2021	san	Increase Decrease Through Transfers Between Equity Items IncreaseDecreaseThroughTransfersBetweenEquityItems	0	eur
CY2021	ifrs-full	Increase Decrease Through Acquisition Of Subsidiary IncreaseDecreaseThroughAcquisitionOfSubsidiary	-5000000	eur
CY2021	ifrs-full	Increase Decrease Through Sharebased Payment Transactions IncreaseDecreaseThroughSharebasedPaymentTransactions	-62000000	eur
CY2021	ifrs-full	Increase Decrease Through Transfers And Other Changes Equity IncreaseDecreaseThroughTransfersAndOtherChangesEquity	-889000000	eur
CY2021Q4	ifrs-full	Equity Equity	97053000000	eur
CY2023	ifrs-full	Cash Flows From Used In Operating Activities CashFlowsFromUsedInOperatingActivities	5015000000	eur
CY2022	ifrs-full	Cash Flows From Used In Operating Activities CashFlowsFromUsedInOperatingActivities	27706000000	eur
CY2021	ifrs-full	Cash Flows From Used In Operating Activities CashFlowsFromUsedInOperatingActivities	56691000000	eur
CY2023	ifrs-full	Profit Loss ProfitLoss	12183000000	eur
CY2022	ifrs-full	Profit Loss ProfitLoss	10764000000	eur
CY2021	ifrs-full	Profit Loss ProfitLoss	9653000000	eur
CY2023	ifrs-full	Adjustments To Reconcile Profit Loss Other Than Changes In Working Capital AdjustmentsToReconcileProfitLossOtherThanChangesInWorkingCapital	26948000000	eur
CY2022	ifrs-full	Adjustments To Reconcile Profit Loss Other Than Changes In Working Capital AdjustmentsToReconcileProfitLossOtherThanChangesInWorkingCapital	23970000000	eur
CY2021	ifrs-full	Adjustments To Reconcile Profit Loss Other Than Changes In Working Capital AdjustmentsToReconcileProfitLossOtherThanChangesInWorkingCapital	21363000000	eur
CY2023	ifrs-full	Adjustments For Depreciation And Amortisation Expense AdjustmentsForDepreciationAndAmortisationExpense	3184000000	eur
CY2022	ifrs-full	Adjustments For Depreciation And Amortisation Expense AdjustmentsForDepreciationAndAmortisationExpense	2985000000	eur
CY2021	ifrs-full	Adjustments For Depreciation And Amortisation Expense AdjustmentsForDepreciationAndAmortisationExpense	2756000000	eur
CY2023	ifrs-full	Other Adjustments For Noncash Items OtherAdjustmentsForNoncashItems	23764000000	eur
CY2022	ifrs-full	Other Adjustments For Noncash Items OtherAdjustmentsForNoncashItems	20985000000	eur
CY2021	ifrs-full	Other Adjustments For Noncash Items OtherAdjustmentsForNoncashItems	18607000000	eur
CY2023	san	Adjustments For Decrease Increase In Operating Assets AdjustmentsForDecreaseIncreaseInOperatingAssets	-74982000000	eur
CY2022	san	Adjustments For Decrease Increase In Operating Assets AdjustmentsForDecreaseIncreaseInOperatingAssets	-108774000000	eur
CY2021	san	Adjustments For Decrease Increase In Operating Assets AdjustmentsForDecreaseIncreaseInOperatingAssets	-27258000000	eur
CY2023	ifrs-full	Adjustments For Decrease Increase In Financial Assets Held For Trading AdjustmentsForDecreaseIncreaseInFinancialAssetsHeldForTrading	-18332000000	eur
CY2022	ifrs-full	Adjustments For Decrease Increase In Financial Assets Held For Trading AdjustmentsForDecreaseIncreaseInFinancialAssetsHeldForTrading	-30837000000	eur
CY2021	ifrs-full	Adjustments For Decrease Increase In Financial Assets Held For Trading AdjustmentsForDecreaseIncreaseInFinancialAssetsHeldForTrading	-2064000000	eur
CY2023	san	Adjustments For Decrease Increase In Non Trading Financial Assets Mandatorily At Fair Value Through Profit Or Loss AdjustmentsForDecreaseIncreaseInNonTradingFinancialAssetsMandatorilyAtFairValueThroughProfitOrLoss	-286000000	eur
CY2022	san	Adjustments For Decrease Increase In Non Trading Financial Assets Mandatorily At Fair Value Through Profit Or Loss AdjustmentsForDecreaseIncreaseInNonTradingFinancialAssetsMandatorilyAtFairValueThroughProfitOrLoss	-218000000	eur
CY2021	san	Adjustments For Decrease Increase In Non Trading Financial Assets Mandatorily At Fair Value Through Profit Or Loss AdjustmentsForDecreaseIncreaseInNonTradingFinancialAssetsMandatorilyAtFairValueThroughProfitOrLoss	-969000000	eur
CY2023	san	Adjustments For Decrease Increase In Financial Assets At Fair Value Through Profit Or Loss AdjustmentsForDecreaseIncreaseInFinancialAssetsAtFairValueThroughProfitOrLoss	-874000000	eur
CY2022	san	Adjustments For Decrease Increase In Financial Assets At Fair Value Through Profit Or Loss AdjustmentsForDecreaseIncreaseInFinancialAssetsAtFairValueThroughProfitOrLoss	7083000000	eur
CY2021	san	Adjustments For Decrease Increase In Financial Assets At Fair Value Through Profit Or Loss AdjustmentsForDecreaseIncreaseInFinancialAssetsAtFairValueThroughProfitOrLoss	32746000000	eur
CY2023	san	Adjustments For Decrease Increase In Financial Assets At Fair Value Through Other Comprehensive Income AdjustmentsForDecreaseIncreaseInFinancialAssetsAtFairValueThroughOtherComprehensiveIncome	4470000000	eur
CY2022	san	Adjustments For Decrease Increase In Financial Assets At Fair Value Through Other Comprehensive Income AdjustmentsForDecreaseIncreaseInFinancialAssetsAtFairValueThroughOtherComprehensiveIncome	22358000000	eur
CY2021	san	Adjustments For Decrease Increase In Financial Assets At Fair Value Through Other Comprehensive Income AdjustmentsForDecreaseIncreaseInFinancialAssetsAtFairValueThroughOtherComprehensiveIncome	9152000000	eur
CY2023	san	Adjustments For Decrease Increase In Financial Assets At Amortised Cost AdjustmentsForDecreaseIncreaseInFinancialAssetsAtAmortisedCost	-60525000000	eur
CY2022	san	Adjustments For Decrease Increase In Financial Assets At Amortised Cost AdjustmentsForDecreaseIncreaseInFinancialAssetsAtAmortisedCost	-105618000000	eur
CY2021	san	Adjustments For Decrease Increase In Financial Assets At Amortised Cost AdjustmentsForDecreaseIncreaseInFinancialAssetsAtAmortisedCost	-73181000000	eur
CY2023	ifrs-full	Adjustments For Decrease Increase In Other Assets AdjustmentsForDecreaseIncreaseInOtherAssets	565000000	eur
CY2022	ifrs-full	Adjustments For Decrease Increase In Other Assets AdjustmentsForDecreaseIncreaseInOtherAssets	-1542000000	eur
CY2021	ifrs-full	Adjustments For Decrease Increase In Other Assets AdjustmentsForDecreaseIncreaseInOtherAssets	7058000000	eur
CY2023	san	Adjustments For Increase Decrease In Operating Liabilities AdjustmentsForIncreaseDecreaseInOperatingLiabilities	46080000000	eur
CY2022	san	Adjustments For Increase Decrease In Operating Liabilities AdjustmentsForIncreaseDecreaseInOperatingLiabilities	107244000000	eur
CY2021	san	Adjustments For Increase Decrease In Operating Liabilities AdjustmentsForIncreaseDecreaseInOperatingLiabilities	56945000000	eur
CY2023	ifrs-full	Adjustments For Increase Decrease In Financial Liabilities Held For Trading AdjustmentsForIncreaseDecreaseInFinancialLiabilitiesHeldForTrading	5450000000	eur
CY2022	ifrs-full	Adjustments For Increase Decrease In Financial Liabilities Held For Trading AdjustmentsForIncreaseDecreaseInFinancialLiabilitiesHeldForTrading	29533000000	eur
CY2021	ifrs-full	Adjustments For Increase Decrease In Financial Liabilities Held For Trading AdjustmentsForIncreaseDecreaseInFinancialLiabilitiesHeldForTrading	-1386000000	eur
CY2023	san	Adjustments For Increase Decrease In Financial Liabilities Designated At Fair Value Through Profit Or Loss AdjustmentsForIncreaseDecreaseInFinancialLiabilitiesDesignatedAtFairValueThroughProfitOrLoss	-11000000	eur
CY2022	san	Adjustments For Increase Decrease In Financial Liabilities Designated At Fair Value Through Profit Or Loss AdjustmentsForIncreaseDecreaseInFinancialLiabilitiesDesignatedAtFairValueThroughProfitOrLoss	27705000000	eur
CY2021	san	Adjustments For Increase Decrease In Financial Liabilities Designated At Fair Value Through Profit Or Loss AdjustmentsForIncreaseDecreaseInFinancialLiabilitiesDesignatedAtFairValueThroughProfitOrLoss	-11528000000	eur
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CY2023	ifrs-full	Disclosure Of Basis Of Preparation Of Financial Statements Explanatory DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory	Introduction, basis of presentation of the consolidated financial statements (consolidated annual accounts) and other information<div style="margin-bottom:6pt;margin-top:9pt"><span id="i76a8245f95974838b28656f00519c97f"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">a) Introduction</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Banco Santander, S.A. ('the parent' or 'Banco Santander'), is a private-law entity subject to the rules and regulations applicable to banks operating in Spain, where it was constituted and currently maintains its legal domicile, which is paseo de Pereda, numbers 9 to 12, 39004, Santander, Spain.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The principal headquarters of Banco Santander are located in Ciudad Grupo Santander, Avenida Cantabria s/n, 28660, Boadilla del Monte, Madrid, Spain.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The corporate purpose of Banco Santander, S.A., mainly entails carrying out all kinds of activities, operations and services inherent to the banking business in general and permitted by current legislation, and the acquisition, holding, enjoyment and disposal of all kinds of securities.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In addition to the operations carried on directly by it, Banco Santander is the head of a group of subsidiaries that engage in various business activities and which compose, together with it, Grupo Santander ('Santander' or 'the Group'). Therefore, Banco Santander is obliged to prepare, in addition to its own separate financial statements, the Group's consolidated financial statements, which also include the interests in joint ventures and investments in associates.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At 31 December 2023, Grupo Santander consisted of 762 subsidiaries of Banco Santander, S.A. In addition, other 165 companies are associates of the Group, joint ventures or companies of which the Group holds more than 5% (excluding the Group companies of negligible interest with respect to the fair presentation that the annual accounts must express).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander consolidated financial statements for 2021 were approved by the shareholders at the group´s annual general meeting on 1 April 2022. Grupo Santander consolidated financial statements for 2022 were approved by the shareholders at the group´s annual general meeting on 31 March 2023. The Group's 2023 consolidated financial statements, the financial statements of the parent and of substantially all the Group companies have not been approved yet by their shareholders at the respective annual general meetings. However, Banco Santander board of directors considers that the aforementioned financial statements will be approved without any significant changes.</span></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div id="i9eb5d9210380444185d9e3754023e0fb_709"></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="if266fb765dec4a7abaef66df33c4fd35"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">b) Basis of presentation of the consolidated financial statements</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Under Regulation (EC) n.º 1606/2002 of the European Parliament and of the Council of 19 July 2002 all companies governed by the law of an EU Member State and whose securities are admitted to trading on a regulated market of any Member State must prepare their consolidated financial statements for the years beginning on or after 1 January 2005 in conformity with the International Financial Reporting Standards ('IFRS') previously adopted by the European Union ('EU-IFRS').</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In order to adapt the accounting system of Spanish credit institutions with the principles and criteria established by the IFRS adopted by the European Union ('EU-IFRS'), the Bank of Spain published circular 4/2017, dated 27 November 2017, on Public and Confidential Financial Reporting Standards and Financial Statement Formats and the following regulations. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Particularly, during 2023 and 2021, the Bank of Spain published Circulars 1/2023 of 24 February of 2023, and 6/2021 of 22 December of 2021, amending Circular 4/2017 of 27 November to credit institutions on Public and Confidential Financial Reporting Standards and Financial Statement Formats.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander consolidated financial statements for 2023 were authorised by the Bank's directors (at the board meeting on 19 February 2024) in accordance with International Financial Reporting Standards as adopted by the European Union and with Bank of Spain circular 4/2017 and subsequent modifications, and Spanish corporate and commercial law applicable to the Group, using the basis of consolidation, accounting policies and measurement bases set forth in note 2, accordingly, they present fairly the Group's equity and financial position at 31 December 2023, 2022 and 2021 and the consolidated results of its operations and the consolidated cash flows in 2023, 2022 and 2021. These consolidated annual accounts have been prepared on the basis of the accounting records held by Banco Santander and by each of the other companies of the Group, and include the adjustments and reclassifications required to standardise the accounting policies and valuation criteria applied by Grupo Santander. The consolidated financial statements are also in compliance with IFRS as issued by the International Accounting Standards Board ('IFRS – IASB' and together with IFRS adopted by the European Union, 'IFRS'.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The notes to the consolidated financial statements contain additional information to that presented in the consolidated balance sheet, consolidated income statement, consolidated statement of recognised income and expense, consolidated statement of changes in total equity and consolidated statement of cash flows. The notes provide, in a clear, relevant, reliable and comparable manner, narrative descriptions and breakdowns of these statements.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The figures of the consolidated annual accounts are presented in millions of euros unless another alternative monetary unit is indicated, rounded to the nearest million unit.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i2ab6747ceb85484fa60dfae61c399ef3"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">Adoption of new standards and interpretations issued</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The following modifications came into force and were adopted by the European Union in 2023: </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">IFRS 17 Insurance Contracts and amendments to IFRS 17: new general accounting standard for insurance contracts, which includes the recognition, measurement, presentation and disclosure of information. Insurance contracts combine financial and service provision features that, in many cases, generate variable long-term cash flows. To properly reflect these characteristics, IFRS 17 combines the measurement of future cash flows with the recording of the result of the contract during the service provision period, presents separately the financial results from the results for the provision of the service and allows entities, through the choice of an accounting policy option, to recognize the financial results in the income statement or in other comprehensive income. Applicable retrospectively from 1 January 2023.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The Group has carried out a project to implement IFRS 17 with all affected Group entities and concluded the analysis of the effects of this new standard without having identified any material impact on its consolidated financial statements due to the effects of the first application of standard, except for a reclassification of the balance sheet to the heading 'Liabilities covered by insurance or liabilities under insurance contracts' (see note 1.d).</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The most significant aspects of the insurance policy established by the Group are detailed in note 2.i.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The amendments to IAS 1 Presentation of Financial Statements require companies to disclose material information about their accounting policies rather than their significant accounting policies. Applicable from 1 January 2023.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The amendments to IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors clarifies how to distinguish changes in accounting policies, which are generally applied retrospectively, from changes in accounting estimates, which are generally applied prospectively. Applicable from 1 January 2023.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The amendments to IAS 12 Income Taxes require companies to: </span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">(i) recognise deferred tax on transactions that, on initial recognition, give rise to equal amounts of taxable and deductible temporary differences. In addition, entities should recognise deferred tax assets (to the extent that it is probable that they can be utilised) and deferred tax liabilities at the beginning of the earliest comparative period for all deductible and taxable temporary differences associated with:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Right-of-use assets and lease liabilities.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Decommissioning, restoration and similar liabilities, and the corresponding amounts recognised as part of the cost of the related assets.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The cumulative effect of recognising these adjustments is recognised in retained earnings, or another component of equity, as appropriate. Applicable from 1 January 2023.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">(ii) the second amendment applies to income taxes arising from tax law enacted or substantively enacted to implement the Pillar Two model rules published by the Organisation for Economic Co-operation and Development (OECD), including tax law that implements qualified domestic minimum top-up taxes described in those rules. The amendment includes the mandatory and temporary exception to the recognition and breakdown of deferred tax assets and liabilities derived from said Pillar Two model rules (applicable from the date of publication of the amendment and retrospectively) and establishes additional information requirements:</span></div><div style="margin-bottom:9pt;padding-left:14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">- If the tax law has entered into force, the related tax expense will be disclosed separately. </span></div><div style="margin-bottom:9pt;padding-left:14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">- If the tax law is enacted or substantially enacted but has not yet entered into force, reasonably estimable qualitative and quantitative information will be disclosed that helps users of financial information understand the entity's exposure to the rules of the Pillar two model.</span></div><div style="margin-bottom:9pt;padding-left:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The Group applies the exception to the recognition and disclosure of assets and liabilities for deferred taxes in relation to Pillar two taxes, in accordance with the amendments to the IAS 12. However, since Pillar two legislation is not in force at the reporting date of these consolidated annual accounts, Grupo Santander does not have the corresponding exposure to current tax. However, at the end of fiscal year 2023, there are geographies with tax laws for the implementation of substantially enacted Pillar two model rules that have not come into force, including the information required in note 27.f.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The application of the aforementioned amendments to accounting standards and interpretations did not have any material effects on Grupo Santander consolidated financial statements.</span></div></div></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Likewise, at the date of approval of these consolidated annual accounts, the following standards which effectively came into force have effective dates after 31 December 2023:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Amendment to IFRS 16 Lease Liability in a Sale and Leaseback requires a seller-lessee to subsequently measure lease liabilities arising from a leaseback without recognising any amount of the gain or loss that relates to the right of use retained. This new requirement does not prevent a seller-lessee from recognising in profit or loss any gain or loss relating to the partial or full termination of a lease. It will be applied retrospectively from 1 January 2024.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Classification of Liabilities, amendments to IAS 1 Presentation of Financial Statements, considering non-current liabilities those in which the entity has the possibility of deferring payment for more than 12 months from the closing date of the reporting period. </span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Likewise, an additional amendment to IAS 1 on the classification of liabilities with covenants as current or non-current has been approved, specifying that covenants that must be complied with after the reporting date do not affect the classification of liabilities and require additionally their respective breakdowns.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">It must be applied retrospectively in accordance with the normal requirements in IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors. It will apply from 1 January 2024.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Finally, at the date of approval of these consolidated annual accounts, the following standards which effectively come into force after 31 December 2023 had not yet been adopted by the European Union:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">IAS 7 Statement of Cash Flows and IFRS 7 Financial Instruments: Additional disclosures are required for companies entering into supplier financing arrangements. The objective of the new disclosures is to provide information on Supplier Finance Arrangements (SFA) that allows investors to evaluate the effects on an entity's liabilities, cash flows and liquidity risk exposure. These modifications will be applicable from 1 January 2024.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">IAS 21 Effects of changes in foreign currency exchange rates: IAS 21 established the requirements to apply when there is a temporary lack of interchangeability between two currencies, but did not give indications when this situation was not temporary. Given this scenario, IAS 21 has been modified establishing the criteria to identify these situations, specifying how entities should estimate the spot exchange rate, the methodologies and data to be considered, as well as the associated disclosure requirements. It will be applicable from 1 January 2025.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander is currently analyzing the possible effects of these new standards and interpretations, and unless expressly indicated otherwise, no significant impacts are expected from their application.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">All accounting policies and measurement bases with a material effect on the consolidated financial statements for 2023 were applied in the preparation of these consolidated annual accounts.</span></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div id="i9eb5d9210380444185d9e3754023e0fb_712"></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="ic9df8514b1bb4bb886b4b112b8c3e6bf"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">c) Use of critical estimates</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The consolidated results and the determination of consolidated equity are sensitive to the accounting policies, measurement bases and estimates used by the directors of Banco Santander in preparing the consolidated financial statements.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The main accounting policies and measurement bases are set forth in note 2.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In the consolidated financial statements estimates were occasionally made by the senior management of Grupo Santander in order to quantify certain of the assets, liabilities, income, expenses and obligations reported herein. These estimates, which were made on the basis of the best information available, relate basically to the following:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The impairment losses on certain assets: it applies to financial assets at fair value through other comprehensive income, financial assets at amortised cost, non-current assets held for sale, investments, tangible assets and intangible assets (see notes 6, 7, 10, 12, 13, 16, 17, 18 and 54).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The assumptions used in the actuarial calculation of the post-employment benefit liabilities and commitments and other obligations (see note 25).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The useful life of the tangible and intangible assets (see notes 16 and 18).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The measurement of goodwill arising on consolidation (see note 17).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The calculation of provisions and the consideration of contingent liabilities (see note 25).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The fair value of certain unquoted assets and liabilities (see notes 6, 7, 8, 9, 10, 11, 20, 21 and 22).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The recoverability of deferred tax assets (see note 27).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The fair value of the identifiable assets acquired and the liabilities assumed in business combinations in accordance with IFRS 3 (see note 17).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">To update the previous estimates, the Group's management has taken into account the current macroeconomic scenario resulting from the complex geopolitical situation, the levels of inflation and interest rates, as well as the resilience of the labour market being a priority monitoring focus due to the potential uncertainty generated in the Group's estimates. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">For this reason, the Management of the Group has particularly evaluated the uncertainties caused by the current environment in relation to credit, liquidity and market risk, taking into account the best information available, to estimate the impact on the provisions for impairment of the credit portfolio, on the rates of interest, and in the valuation of debt instruments, developing in the notes the main estimates made during the period ended December 31, 2023 (see notes 10, 17, 50 and 54). </span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Although these estimates have been made on the basis of the best information available at the end of the year 2023, and considering information updated at the date of preparation of these consolidated annual accounts, it is possible that events that may take place in the future may make it necessary to modify them (upwards or downwards) in the coming years, which would be done, if appropriate, in a prospective manner, recognising the effects of the change in estimate in the corresponding consolidated income statement. </span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i4de59e2abebe4f9898483a41a8c5cbc1"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%"> d) Information relating to 2022 and 2021</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In accordance with the information contained in note 1.b regarding the first application of IFRS17, it has been restated the balance sheet information relating to "Liabilities under insurance contracts" corresponding to the years closed on 31 December 2022 and 2021, recorded at 1 January 2023, of a portfolio of products for an amount of approximately EUR 16 billion at 31 December 2022 (EUR 18 billion at 31 December 2021), derived from the different treatment that this new standard establishes for the components of an insurance contract.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Additionally, the segment information corresponding to the year ended 31 December 2021 was restated for comparative purposes. In accordance with the Group's organizational structure, as required by IFRS 8 (see note 52).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In order to interpret the changes in the balances with respect to 31 December 2023, it is necessary to take into consideration the exchange rate effect arising from the volume of foreign currency balances held by Grupo Santander in view of its geographic diversity (see note 52.b) and the impact of the appreciation/depreciation of the various currencies against the euro in 2023, based on the exchange rates at the end of 2023: Mexican peso (11.31%), US dollar (-3.40%), Brazilian real (5.31%), Argentine peso (-78.84%), Sterling pound (2.19%), Chilean peso (-5.80%), and Polish zloty (7.86%); as well as the evolution of the comparable average rates: Mexican peso (10.30%), US dollar (-2.77%), Brazilian real (0.43%), Sterling pound (-1.96%), Chilean peso (1.13%) and Polish zloty (3.20%).</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="iada0ad23844a4e6f9ecf9d2d78e09974"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">e) Capital management</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ida1e67143805466fabfb6e313ae631dd"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">i. Regulatory and economic capital</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Credit institutions must meet a number of minimum capital and liquidity requirements. These minimum requirements are governed by the European Capital Requirements Regulation (hereinafter CRR) and the Capital Requirements Directive (hereinafter CRD). </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">On 27 October of 2021, the European Commission published the draft of a review of European banking legislation: CRR and CRD. At 8 November 2022, the European Council's proposal was published, and at 24 January 2023, that of the European Parliament. Throughout 2023, progress was made in the discussions on the new texts that will be approved in the first months of the year and their publication is expected to occur between the months of April and May 2024. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The update of the banking package pursues, on the one hand, the implementation of the final Basel III reforms and, on the other hand, strengthening the harmonization of banking supervision in the European Union (EU). </span></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The Basel III final reform, which was agreed at the end of 2017, aims to introduce greater sensitivity in standardised metrics, reduce variability in risk-weighted assets at banks using internal models when calculating requirements and facilitate comparability among banks. Specifically, they propose changes concerning, among other matters, key risk factors, standardised credit risk, internal models, the output floor and operational risk.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The goal of achieving stronger supervision and protection of financial stability is expressed in a series of provisions concerning fit-and-proper requirements, extending the scope by revising certain definitions and additions on establishing third-country branches in the EU in order to achieve greater harmonisation of rules and better supervision of these type of entities. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The new CRR/CRD regulations are generally expected to apply from 1 January 2025, although there will be certain provisions for which an earlier application is foreseen, such as requirements on own funds for cryptoasset exposures.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In addition, during the month of December the EBA, in order to comply with the mandates given in the new banking package, published a consultation to amend some aspects of the Pillar III disclosure framework specifically, the changes include new disclosure requirements on output floor and credit valuation adjustment (CVA) risk and amendments to existing disclosure requirements on credit risk and market risk. Following this consultation, the final text proposal will be submitted to the European Commission in June 2024. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">On the other hand, the EBA also published the consultation on the Pillar III Data Hub, which aims to respond to one of the requirements established by the new CRR, to centralise institutions’ prudential disclosures and make prudential information readily available through a single electronic access point on the EBA website. This initiative will facilitate access, usability and comparability of prudential information by all interested users, strengthening the transparency and market discipline of the EU banking sector and further contributing to the soundness of the European financial system.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">With regard to the resolution framework, institutions must have an adequate funding structure to ensure that, in the event of financial distress, the institution has sufficient liabilities to absorb losses in order to recover its position or be resolved, while ensuring the protection of depositors and financial stability. For this purpose, global systemically institutions must therefore meet several minimum loss-absorbing requirements, named Total Loss-Absorbing Capacity (TLAC) and Minimum Requirement for own funds and Eligible Liabilities (MREL), which are regulated by the CRR and by the Bank Recovery and Resolution Directive (BRRD). </span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">On 25 October 2022, the regulation on the prudential treatment for global systemically important banks was published. This modified both the CRR and the BRRD (Bank Recovery and Resolution Directive) as regards prudential treatment of global systemically important banks (G-SIBs) with a multiple point of entry (MPE) resolution strategy, as well as the methods for indirect underwriting of eligible instruments (Daisy Chains) to meet the minimum requirement for own funds and eligible liabilities. This Regulation, known as the 'Quick Fix', covers the following two objectives:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The inclusion in BRRD and CRR of references to third countries subsidiaries to adjust the deduction for the holding of TLAC instruments issued from subsidiaries in third countries based on the excess TLAC/MREL existing in those subsidiaries, as well as the adjustment where the sum of the requirements for own funds and eligible liabilities of G-SIBs under an MPE strategy are higher than the theoretical requirements for the same group under a single point of entry (SPE) strategy. That is, the latter adjustment is based on a comparison between the two possible resolution strategies. </span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Additionally, for those subsidiaries in jurisdictions without a resolution regime in place, the Regulation provides for a transitional period until 31 December 2024. During this transitional period the institutions may adjust the deductions based on the excesses above the capital requirements in subsidiaries in third countries, if they meet certain requirements. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Inclusion of a deduction scheme for MREL instrument holdings through entities of the same resolution group other than the resolution entity. This Regulation sets a deduction for the intermediate entity (Daisy Chains) that repurchases instruments, and, as there is such a deduction, the intermediate entity is obliged to issue the same amount as it is repurchasing, transferring the internal MREL needs to the resolution entity that will cover it with external MREL. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">This Regulation is applicable since the 14 November 2022, except for the provisions relating to Daisy Chains, which apply since the 1 January 2024.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">As regards Deposit Guarantee Schemes (DGSs), these are regulated by the Deposit Guarantee Schemes Directive (DGSD), which has not undergone any significant changes since its publication in 2014. The Directive aims to harmonise the DGSs of the Member States, thus ensuring stability and balance in the various different countries. It creates an appropriate framework for depositors to have better access to DGSs through clear scope of coverage, shorter repayment periods, better information and robust funding requirements. This Directive is transposed into Spanish law by Royal Decree 2606/1996, with additional amendments set forth in Royal Decree 1041/2021. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">To ensure that eligible deposits are covered, the DGSs collect available financial means through contributions from their members which are performed at least once a year; being the target level of 0.8% of the covered deposits amount as of the 3 July 2024. Annual contributions are determined depending on the covered deposits and the risk profile faced by the institutions which are members of each DGS. The method for calculating contributions is set out in the EBA Guidelines (EBA/GL/2023/02).</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In addition to the DGS, the Single Resolution Board (SRB) has built up the Single Resolution Fund (SRF) with annual contributions from banks and investment firms since 2016. The target level of this fund is 1% of covered deposits and the contributions to be made by members are calculated by the SRB based on euro area banks balance sheets and risk profiles. It has recently been officially announced that during 2024 the SRB will not issue a call for contributions to the SRF. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Lastly, on 18 April 2023, the European Commission published its proposal to review the Crisis Management and Deposit Insurance (CMDI) framework. Specifically, several proposals have been submitted: </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Early intervention measures, conditions for resolution and funding for the resolution measure; </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The scope of deposit coverage, use of funds of the deposit guarantee schemes, cross-border cooperation and transparency, and </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Certain aspects of the minimum requirement for own funds and eligible liabilities.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">These proposals imply amending regulations such as:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">CRR, </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">BRRD, </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Single Resolution Mechanism Regulation (SRMR), which establishes uniform rules and a uniform procedure for the resolution of credit institutions and certain investment firms in the framework of a Single Resolution Mechanism (SRM) and a Single Resolution Fund (SRF). </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Deposit Guarantee Schemes Directive (DGSD).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Additionally, Regulation 241/2014, which establishes the system applicable to prior authorisation to reduce own funds and establishes requirements on eligible liability instruments, was amended in April 2023. Firstly, this amendment extends the need to request approval to be able to reduce, buy back or redeem eligible liabilities; which until April 2023 was limited to own funds. Secondly, additional amendments were made, such as the creation of a new concept of prior general approval to buy back own funds and eligible liability instruments, as well as extending the period granted to the Supervisor and/or Resolution Authority, where appropriate, from 3 months to 4 months. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">As regards prudential scope in the field of sustainability, the CRR mandated the EBA to evaluate whether specific prudential analysis of environmental and social risks was appropriate, prior to consulting the European Systemic Risk Board (ESRB). In the last quarter of 2023, both institutions published their respective reports on how existing micro and macroprudential tools can be used to manage environmental and social risks. In its own publication, the EBA made short-term recommendations to expedite integration of the environmental and social risks into the prudential framework, while recommending further work that could lead to a more comprehensive review of the framework. </span></div></div></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At the international level, and particularly as regards reporting obligations on climate risks, it is important to note that the Basel Committee published a consultation paper at the end of 2023 proposing a series of qualitative and quantitative requirements that should be disclosed in entities' Pillar III reports. In this document, the Committee acknowledges that precise, consistent and quality climate data is still evolving, yet the Committee believes that the disclosure requirements will expedite the availability of said information and will facilitate banks' prospective risk assessments. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In parallel with the sustainable agenda, at the Digital level, the Basel Committee that sets the standards for prudential regulation of the banking sector and which published its principles on the prudential treatment of these exposures in 2022, has opened a consultation to propose specific adjustments to its standard on the prudential treatment of banks' cryptoasset exposures with the purpose of incorporating the developments that these products have undergone in the market. In addition, Basel also published a consultation on future disclosure requirements for banks' on-balance sheet exposures to cryptoassets at the end of 2023. Market discipline, also with regard to new products such as cryptoassets, will undoubtedly continue to be a focus of dialogue between regulators and the industry.</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At 31 December 2023 Grupo Santander met the minimum</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">capital requirements established by current legislation (see note 54.d).</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="ib80d3bef39c44323bbbf9ec600ba78ef"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">f) Environmental impact </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In view of the business activities carried on by the Group entities, the Group does not have any environmental liability, expenses, assets, provisions or contingencies that might be material with respect to its consolidated equity, financial position or results (see note 54.a).</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="ia8f3d8cdf4554edcb37758ae2fb5ac5d"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">g) Events after the reporting perio</span><span style="background-color:#ffffff;color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">d</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In accordance with the agreement reached by the March 2023 general shareholders’ meeting, on 30 January 2024 the board of directors has approved a capital reduction of EUR 179,283,743.50 through the redemption of 358,567,487 shares (representing approximately 2.22% of the share capital), acquired in the first share buyback program of 2023, with which the share capital has been set at EUR 7,912,789,286, represented by 15,825,578,572 shares.</span></div>
CY2023	san	Number Of Subsidiaries NumberOfSubsidiaries	762	subsidiary
CY2023	san	Number Of Associates Joint Ventures Or Listed Companies Of Which Entity Holds More Than Five Percent Interest NumberOfAssociatesJointVenturesOrListedCompaniesOfWhichEntityHoldsMoreThanFivePercentInterest	165	companies
CY2023	san	Rate For Which Group Holding In A Company Is Considered Significant Percent RateForWhichGroupHoldingInACompanyIsConsideredSignificantPercent	0.05
CY2023	ifrs-full	Disclosure Of Accounting Judgements And Estimates Explanatory DisclosureOfAccountingJudgementsAndEstimatesExplanatory	Use of critical estimates<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The consolidated results and the determination of consolidated equity are sensitive to the accounting policies, measurement bases and estimates used by the directors of Banco Santander in preparing the consolidated financial statements.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The main accounting policies and measurement bases are set forth in note 2.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In the consolidated financial statements estimates were occasionally made by the senior management of Grupo Santander in order to quantify certain of the assets, liabilities, income, expenses and obligations reported herein. These estimates, which were made on the basis of the best information available, relate basically to the following:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The impairment losses on certain assets: it applies to financial assets at fair value through other comprehensive income, financial assets at amortised cost, non-current assets held for sale, investments, tangible assets and intangible assets (see notes 6, 7, 10, 12, 13, 16, 17, 18 and 54).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The assumptions used in the actuarial calculation of the post-employment benefit liabilities and commitments and other obligations (see note 25).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The useful life of the tangible and intangible assets (see notes 16 and 18).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The measurement of goodwill arising on consolidation (see note 17).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The calculation of provisions and the consideration of contingent liabilities (see note 25).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The fair value of certain unquoted assets and liabilities (see notes 6, 7, 8, 9, 10, 11, 20, 21 and 22).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The recoverability of deferred tax assets (see note 27).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The fair value of the identifiable assets acquired and the liabilities assumed in business combinations in accordance with IFRS 3 (see note 17).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">To update the previous estimates, the Group's management has taken into account the current macroeconomic scenario resulting from the complex geopolitical situation, the levels of inflation and interest rates, as well as the resilience of the labour market being a priority monitoring focus due to the potential uncertainty generated in the Group's estimates. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">For this reason, the Management of the Group has particularly evaluated the uncertainties caused by the current environment in relation to credit, liquidity and market risk, taking into account the best information available, to estimate the impact on the provisions for impairment of the credit portfolio, on the rates of interest, and in the valuation of debt instruments, developing in the notes the main estimates made during the period ended December 31, 2023 (see notes 10, 17, 50 and 54). </span></div>Although these estimates have been made on the basis of the best information available at the end of the year 2023, and considering information updated at the date of preparation of these consolidated annual accounts, it is possible that events that may take place in the future may make it necessary to modify them (upwards or downwards) in the coming years, which would be done, if appropriate, in a prospective manner, recognising the effects of the change in estimate in the corresponding consolidated income statement.
CY2024Q1	ifrs-full	Issued Capital IssuedCapital	7912789286	eur
CY2024Q1	ifrs-full	Number Of Shares Outstanding NumberOfSharesOutstanding	15825578572	shares
CY2023	ifrs-full	Disclosure Of Material Accounting Policy Information Explanatory DisclosureOfMaterialAccountingPolicyInformationExplanatory	Accounting p<span style="color:#ee2724;font-family:'Santander Headline',sans-serif;font-size:14pt;font-weight:400;line-height:110%">olicies</span><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The accounting policies applied in preparing the consolidated financial statements were as follows:</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i79c4642d509f4eb1b270501e6692d516"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">a) Foreign currency transactions</span></div><div style="margin-bottom:3pt"><span id="i4666bcf65f4142f09d968d390788a604"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:115%">i. Presentation currency</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Banco Santander’s functional and presentation currency is the euro. Also, the presentation currency of the Group is the euro.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ibebc4c3c5acd4c76b47cc564285d6315"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">ii. Translation of foreign currency balances</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Foreign currency balances are translated to euros in two consecutive stages:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Translation of foreign currency to the functional currency (currency of the main economic environment in which the entity operates).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Translation to euros of the balances held in the functional currencies of entities whose functional currency is not the euro.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i46c595c5786441dbb59a422c36c24b53"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">Translation of foreign currency to the functional currency</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Foreign currency transactions performed by consolidated entities (or entities accounted for using the equity method) not located in European Monetary Union (“EMU”) countries are initially recognised in their respective currencies. Monetary items in foreign currency are subsequently translated to their functional currencies using the closing rate.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Furthermore:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Non-monetary items measured at historical cost are translated to the functional currency at the exchange rate at the date of acquisition.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Non-monetary items measured at fair value are translated at the exchange rate at the date when the fair value was determined.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Income and expenses are translated at the average exchange rates for the year for all the transactions performed during the year. When applying this criterion, the Group considers whether there have been significant changes in the exchange rates in the year which, in view of their materiality with respect to the consolidated financial statements taken as a whole, would make it necessary to use the exchange rates at the transaction date rather than the aforementioned average exchange rates.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The balances arising from non-hedging forward foreign currency/foreign currency and foreign currency/euro purchase and sale transactions are translated at the closing rates prevailing in the forward foreign currency market for the related maturity.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i3060f01d3b4d40419753c48064a386e6"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">Translation of functional currencies to euros</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The balances in the financial statements of consolidated entities (or entities accounted for using the equity method) whose functional currency is not the euro are translated to euros as follows:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">-</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:3.76pt">Assets and liabilities, at the closing rates.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">-</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:3.76pt">Income and expenses, at the average exchange rates for the year.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">-</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:3.76pt">Equity items, at the historical exchange rates.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ie4c0fe8a00cc4d8a9f6851bff974b83a"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">iii. Recognition of exchange differences</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The exchange differences arising on the translation of foreign currency balances to the functional currency are generally recognised at their net amount under 'Exchange differences, net' in the consolidated income statement, except for exchange differences arising on financial instruments at fair value through profit or loss, which are recognised in the consolidated income statement without distinguishing them from other changes in fair value, and for exchange differences arising on non-monetary items measured at fair value through equity, which are recognised under 'Other comprehensive income–Items that may be reclassified to profit or loss–Exchange differences' except for exchange differences on equity instruments, where the option to irrevocably elect to be measured at fair value through changes in accumulated other comprehensive income, which are recognised in accumulated 'Other Comprehensive Income - Items not to be reclassified to profit or loss - Changes in fair value of equity instruments measured at fair value' through other comprehensive income (see note 29).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The exchange differences arising on the translation to euros of the financial statements denominated in functional currencies other than the euro are recognised in 'Other comprehensive income–Items that may be reclassified to profit or loss–Exchange differences' in the consolidated balance sheet, whereas those arising on the translation to euros of the financial statements of entities accounted for using the equity method are recognised in equity under 'Other comprehensive income–Items that may be reclassified to profit or loss and Items not reclassified to profit or loss–Other recognised income and expense' of investments in subsidiaries, joint ventures and associates (see note 29), until the related item is derecognised, at which time they are recognised in profit or loss.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Exchange differences arising on actuarial gains or losses when converting to euros the financial statements denominated in the functional currencies of entities whose functional currency is different from the euro are recognised under equity 'Other comprehensive income–Items not reclassified to profit or loss–Actuarial gains or (-) losses' on defined benefit pension plans (see note 29).</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="id1661448c369449a92c9ecbc1122cbfe"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">iv. Entities located in hyperinflationary economies</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">When a subsidiary operates in a country with hyperinflationary economy, IAS 29 Financial Information in Hyperinflationary Economies is applied, which means that:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Historical cost of non-monetary assets and liabilities and of the various items of equity have to be adjusted to reflect the changes in the purchasing power of the currency due to inflation from their date of acquisition or incorporation into the consolidated balance sheet.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">The different items of the income statement are adjusted by the inflationary index since their generation, with a balancing entry in 'Other comprehensive income'.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">The loss on the net monetary position is recorded in the income for the year against 'Accumulated Other comprehensive income'.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">All components of the financial statements of the subsidiary are translated at the closing exchange rate.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The deterioration of the economic situation in Argentina over the last years caused, among other impacts, a significant increase in inflation, which by the end of 2018 had reached 48% per year (147% accumulated in three years). This led the Group to conclude that it was necessary to apply IAS 29 Financial Information in Hyperinflationary Economies to its activities in the country in question in its consolidated financial statements from that year on.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Inflation during 2023, to the national consumer price index published by the National Statistics and Census Institute, wa</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">s 211.2% for the year </span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">(94.8% at 31 December 2022). The exchange rate at 31 December 2023 has been of </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">893.63 </span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Argentine peso</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">s pe</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">r euro (189.12 Argentine pesos per euro at 31 December 2022).</span></div><div style="margin-bottom:9pt;margin-top:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At 31 December 2023, no other country in which the consolidated and associated entities of Grupo Santander are located is considered to have a hyperinflati</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">onary economy in accordance with the criteria establ</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">ished in this regard by the International Financial Reporting Standards adopted by the European Union. </span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i359b2324b2a34f75bc93a6bf894a887f"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">v. Exposure to foreign currency risk</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander hedges a portion of its long-term foreign currency positions using foreign exchange derivative financial instruments (see note 36). Also, the Group manages foreign exchange risk dynamically by hedging its short-term position (with a potential impact on profit or loss) in order to limit the impact of currency depreciations while optimising the cost of financing the hedges.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The following tables show the sensitivity of the consolidated income statement and consolidated equity to percentage changes of ± 1% in the foreign exchange rate positions arising from investments in Grupo Santander companies with currencies other than the euro (with its hedges) and in their results (with its hedges), in which the Group maintains significant balances.</span></div></div></div><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The estimated effect on the consolidated equity attributable to Grupo Santander and on consolidated profit and loss account of a 1% appreciation of the euro against the corresponding currency is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:20.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.250%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="9" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Effect on <br/>consolidated equity</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="9" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Effect on <br/>consolidated profit</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Currency</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US dollar</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(136.9)</span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(146.0)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(133.3)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.4)</span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4.4)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8.6)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Chilean peso</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(35.3)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14.8)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11.4)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.3)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.0)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.4)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pound sterling</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(79.1)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(94.7)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(105.9)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.1)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.5)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.3)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mexican peso</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(36.4)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(27.7)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(23.1)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.1)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.0)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.9)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazilian real</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(175.7)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(100.1)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(80.8)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6.5)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5.9)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(15.4)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Polish zloty</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(48.8)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(19.8)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(27.5)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.3)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.1)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Argentine peso</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7.5)</span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(17.1)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10.7)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4.2)</span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.1)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.5)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Similarly, the estimated effect on the Group’s consolidated equity and on consolidated profit and loss account of a 1% depreciation of the euro against the corresponding currency is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:20.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.250%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="9" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Effect on <br/>consolidated equity</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="9" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Effect on <br/>consolidated profit</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Currency</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US dollar</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">139.7 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">148.9 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">136.0 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.4 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.5 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.8 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Chilean peso</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36.0 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15.1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.6 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.3 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.4 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pound sterling</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">80.7 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">96.7 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">108.0 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.1 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mexican peso</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">37.1 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28.2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23.6 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.1 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.0 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.9 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazilian real</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">179.3 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">102.1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">82.4 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.6 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.0 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15.7 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Polish </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">zloty</span></div></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49.8 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20.2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28.0 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.4 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Argentine peso</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.7 </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17.4 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.0 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.2 </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.2 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.6 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The above data were obtained as follows:</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">a) Effect on consolidated equity: in accordance with the accounting policy detailed in note 2.a.iii, foreign exchange rate impact arising on the translation to euros of the financial statements in the functional currencies of the Group entities whose functional currency is not the euro are recognised in consolidated equity. The potential effect that a change in the exchange rates of the related currency would have on the Group’s consolidated equity was therefore determined by applying the aforementioned change to the net value of each unit’s assets and liabilities -including, where appropriate, the related goodwill- and by taking into consideration the offsetting effect of the hedges of net investments in foreign operations.</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">b) Effect on consolidated profit: the effect was determined by applying the up and down movements in the average exchange rates of the year, as indicated in note 2.a.ii (except in the case of Argentina, which is a hyperinflationary economy and has applied the closing exchange rate), to translate to euros the income and expenses of the consolidated entities whose functional currency is not the euro, taking into consideration, where appropriate, the offsetting effect of the various hedging transactions in place.</span></div></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The estimates used to obtain the foregoing data were performed considering the effects of the changes in the exchange rate in standalone basis not considering the effect of the performance of other variables whose changes would affect equity and profit or loss, such as variations in the interest rates of the reference currencies or other market factors. Accordingly, all variables other than the exchange rate variations were kept constant with respect to their positions at 31 December 2023, 2022 and 2021.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="ifc168899c3374630a6a2eb17101ee137"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">b) Basis of consolidation</span></div><div style="margin-bottom:3pt;margin-top:6pt"><span id="icc74b65492b74f51924d3dc2db746b7d"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">i. Subsidiaries</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Subsidiaries are defined as entities over which the Bank has the capacity to exercise control. The Bank controls an entity when it is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The financial statements of the subsidiaries are fully consolidated with those of the Bank. Accordingly, all balances and effects of the transactions between consolidated companies are eliminated on consolidation.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">On acquisition of control of a subsidiary, its assets, liabilities and contingent liabilities are recognised at their acquisition-date fair values. Any positive differences between the acquisition cost and the fair values of the identifiable net assets acquired are recognised as goodwill (see note 17). Negative differences are recognised in profit or loss on the date of acquisition.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Additionally, the share of third parties of Grupo Santander equity is presented under 'Non-controlling interests' in the consolidated balance sheet (see note 28). Their share of the profit for the year is presented under 'Profit attributable to non-controlling interests' in the consolidated income statement.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The results of subsidiaries acquired during the year are included in the consolidated income statement from the date of acquisition to year-end. Similarly, the results of subsidiaries for which control is lost during the year are included in the consolidated income statement from the beginning of the year to the date of disposal.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At 31 December 2023, apart from the structured consolidated entities, Grupo Santander does not control any company in which it maintains a percentage of direct participation in its share capital of less than 50%. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The appendices contain significant information on the subsidiaries.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i4843674927ee4ba788ff42b6461fd78c"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">ii. Interests in joint ventures</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Joint ventures are deemed to be entities that are not subsidiaries but which are jointly controlled by two or more unrelated entities. This is evidenced by contractual arrangements whereby two or more parties have interests in entities so that decisions about the relevant activities require the unanimous consent of all the parties sharing control.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In the consolidated financial statements, investments in joint ventures are accounted for using the equity method, i.e. at the Group’s share of net assets of the investee, after taking into account the dividends received therefrom and other equity eliminations. The profits and losses resulting from transactions with a joint venture are eliminated to the extent of the Group’s interest therein.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The appendices contain relevant information on the joint ventures.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i5c38c642a86c48b493bde3384dc8a250"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">iii. Associates</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Associates are entities over which Banco Santander is in a position to exercise significant influence, but not control or joint control. It is presumed that Banco Santander exercises significant influence if it holds 20% or more of the voting power of the investee.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In the consolidated financial statements, investments in associates are accounted for using the equity method, with the same criteria applicable to shares in joint ventures.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">There are certain investments in entities which, although Grupo Santander owns 20% or more of their voting power, are not considered to be associates because the Group is not in a position to exercise significant influence over them. At 31 December 2022, 2021 and 2020 this was the situation of the investment in Project Quasar Investments 2017, S.L., despite maintaining a 49% interest in its share capital (see appendix II). The remaining investments are not significant for the Group.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">There are also certain investments in associates where the Group owns less than 20% of the voting rights, as it is determined that it has the capacity to exercise significant influence over them. The impact of these companies is immaterial in the Group's consolidated financial statements.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The appendices contain significant information on the associates.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i6c577d5c260b448aa1d53c09b05591f5"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:125%">iv. Structured entities</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In some cases, Grupo Santander incorporates entities, or holds ownership interests therein, to enable its customers to access certain investments, or for the transfer of risks or other purposes. Those entities are called 'structured entities' and they are characterized by the fact that since the voting, or similar power is not a key factor in deciding who controls the entity. The control is determined by using internal criteria and procedures and taking into consideration the applicable legislation, as described above. Specifically, for those entities to which this policy applies (mainly investment funds and pension funds), the Group analyses the following factors:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Percentage of ownership held by Grupo Santander; 20% is established as the general threshold.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Identification of the fund manager, and verification as to whether it is a company controlled by the Group since this could affect Grupo Santander ability to direct the relevant activities.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Existence of agreements between investors that might require decisions to be taken jointly by the investors, rather than by the fund manager.</span></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Existence of currently exercisable removal rights (possibility of removing the manager from his position), since the existence of such rights might limit the manager’s power over the fund, and it may be concluded that the manager is acting as an agent of the investors.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Analysis of the fund manager’s remuneration regime, taking into consideration that a remuneration regime that is proportionate to the service rendered does not, generally, create exposure of such importance as to indicate that the manager is acting as the principal. Conversely, if the remuneration regime is not proportionate to the service rendered, this might give rise to an exposure that would lead the Group to a different conclusion.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">These structured entities also include the securitisation special purpose vehicles, which are consolidated in the case of the Special Purpose Vehicles (SPVs) over which, being exposed to variable yield, it is considered that the Group continues to exercise control.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The exposure associated with unconsolidated structured entities, additional to investments in the equity of investment funds (note 8), are not material with respect to the Group’s consolidated financial statements.</span></div><div style="margin-bottom:3pt;margin-top:6pt"><span id="i92dd3e74df4640ea99b5b2ea0a71bfed"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">v. Business combinations</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">A business combination is the bringing together of two or more separate entities or economic units into one single entity or group of entities.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Business combinations whereby Grupo Santander obtains control over an entity or a business are recognised for accounting purposes as follows:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Grupo Santander measures the cost of the business combination, which is normally the consideration transferred, defined as the acquisition-date fair values of the assets transferred, the liabilities incurred to the former owners of the acquiree and the equity instruments issued, if any, by the acquirer. In cases where the amount of the consideration to be transferred has not been definitively established at the acquisition date, but rather depends on future events, any contingent consideration is recognised as part of the consideration transferred and measured at its acquisition-date fair value. Moreover, acquisition-related costs do not for these purposes form part of the cost of the business combination.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The fair values of the assets, liabilities and contingent liabilities of the acquired entity or business, including any intangible assets identified in the business combination which might not have been recognised by the acquiree, are estimated and recognised in the consolidated balance sheet; the Group also estimates the amount of any non-controlling interests and the fair value of the previously held equity interest in the acquiree.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Any positive difference between the aforementioned items is recognised as discussed in note 2.m. Any negative difference is recognised under 'Negative Goodwill' recognised in the consolidated income statement.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Goodwill is only calculated and recognised once, when control of a business or an entity is obtained.</span></div></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ide868a832efb48c48158dfa1940ac52c"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">vi. Changes in the levels of ownership interests in subsidiaries</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Acquisitions and disposals not giving rise to a change in control are recognised as equity transactions, and no gain or loss is recognised in the income statement and the initially recognised goodwill is not remeasured. The difference between the consideration transferred or received and the decrease or increase in non-controlling interests, respectively, is recognised in reserves.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Similarly, when control over a subsidiary is lost, the assets, liabilities and non-controlling interests and any other items recognised in 'Other Comprehensive income' of that company are derecognised from the consolidated balance sheet, and the fair value of the consideration received and of any remaining equity interest is recognised. The difference between these amounts is recognised in profit or loss.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ief32f6eaf1d5480dbaade58d913d0b73"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">c) Classification of financial instruments</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The following transactions are not treated for accounting purposes as financial instruments:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Investments in associates and joint ventures (see note 13).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Rights and obligations under employee benefit plans (see note 25).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Rights and obligations under insurance contracts (see note 15).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Contracts and obligations relating to employee remuneration based on own equity instruments (see note 34).</span></div><div style="margin-bottom:3pt;margin-top:6pt"><span id="i74c0639bf1d2408290bbbbba1f9648ac"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">i. Classification of financial assets for measurement purposes</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Financial assets are initially classified into the various categories used for management and measurement purposes, unless they have to be presented as 'Non-current assets held for sale' or they relate to 'Cash, cash balances at central banks and other deposits on demand', 'Changes in the fair value of hedged items in portfolio hedges of interest rate risk (asset side)', 'Hedging derivatives and Investments', which are reported separately.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Classification of financial instruments: the classification criteria for financial assets depends on the business model for their management and the characteristics of their contractual flows.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander business models refer to the way in which it manages its financial assets to generate cash flows. In defining these models, the Group takes into account the following factors:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">How key entity staff are assessed and reported on the performance of the business model and the financial assets held in the business model.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The risks that affect the performance of the business model (and the financial assets held in the business model) and, specifically, the way in which these risks are managed.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">How business managers are remunerated.</span></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The frequency, the calendar and volume of sales in previous years, as well as expectations of future sales and the reasons of the sales.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The analysis of the characteristics of the contractual flows of financial assets requires an assessment of the congruence of these flows with a basic loan agreement. The Group determines if the contractual cash flows of its financial assets that are only principal and interest payments on the outstanding principal amount at the beginning of the transaction. This analysis takes into consideration four factors (performance, clauses, contractually linked products and currencies). Furthermore, among the most significant judgements used by the Group in carrying out this analysis, the following ones are included:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The return on the financial asset, in particular in cases of periodic interest rate adjustments where the term of the reference rate does not coincide with the frequency of the adjustment. In these cases, an assessment is made to determine whether or not the contractual cash flows differ significantly from the flows without this change in the time value of money, establishing a tolerance level of 5%.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">When contractual clauses that may modify the cash flows of the financial asset exist, the structure of the cash flows before and after the activation of such clauses is analysed, regardless of the probability of occurrence of the contingent event. The evaluation of contractual flows of financial assets with characteristics associated with ESG is included in this analysis. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Financial assets whose cash flows have different priority for payment due to a contractual link to underlying assets (e.g. securitisations) require a look-through analysis by the Group so as to review that both the financial asset and the underlying assets are only principal and interest payments and that the exposure to credit risk of the set of underlying assets belonging to the tranche analysed is less than or equal to the exposure to credit risk of the set of underlying assets of the instrument.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Depending on these factors, the asset can be measured at amortised cost, at fair value with changes in other comprehensive income, or at fair value with changes through profit and loss. IFRS 9 also establishes an option to designate an instrument at fair value with changes in profit or loss, when doing so eliminates or significantly reduces a measurement or recognition inconsistency (sometimes referred to as 'accounting asymmetry') that would otherwise arise from measuring assets or liabilities or recognising gains and losses on different bases.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander uses the following criteria for the classification of the financial debt instruments:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Amortised cost: financial instruments under a business model whose objective is to collect principal and interest flows, over which there is no significant unjustified sales and fair value is not a key element in the management of these assets and contractual conditions they give rise to cash flows on specific dates, which are only payments of principal and interest on the outstanding principal amount. In this sense, unjustified sales are considered to be those other than those related to an increase in the credit risk of the asset, unanticipated funding needs (stress case scenarios). Additionally, the characteristics of its contractual flows represent substantially a 'basic financing agreement'.</span></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Fair value with changes in other comprehensive income: financial instruments held in a business model whose objective is to collect principal and interest cash flows and the sale of these assets, where fair value is a key factor in their management. Additionally, the contractual cash flow characteristics substantially represent a 'basic financing agreement'.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Fair value with changes in profit or loss: financial instruments included in a business model whose objective is not obtained through the above mentioned models, where fair value is a key factor in managing of these assets, and financial instruments whose contractual cash flow characteristics do not substantially represent a 'basic financing agreement'. In this section it can be enclosed the portfolios classified under 'Financial assets held for trading', 'Non-trading financial assets mandatorily at fair value through profit or loss' and 'Financial assets at fair value through profit or loss'. In this regard, most of the financial assets presented in the category of 'Financial assets designated at value reasonable with change in results' are instruments financial services that, not being part of the portfolio of negotiation, are contracted jointly with other financial instruments that are recorded in the category of 'held for trading', and that by both are recorded at fair value with changes in results, so your record in any other category would produce accounting asymmetries.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Equity instruments will be classified at fair value under IFRS 9, with changes in profit or loss, unless the Group decides, for non-trading assets, to classify them at fair value with changes in other comprehensive income (irrevocably) at initial recognition.</span></div><div style="margin-bottom:3pt;margin-top:6pt"><span id="iac76aebffd7242a5942ae61316456044"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">ii. Classification of financial assets for presentation purposes</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Financial assets are classified by nature into the following items in the consolidated balance sheet:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Cash, cash balances at Central Banks and other deposits on demand: cash balances and balances receivable on demand relating to deposits with central banks and credit institutions.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Loans and advances: includes the debit balances of all credit and loans granted by the Group, other than those represented by securities, as well as finance lease receivables and other debit balances of a financial nature in favour of the Group such as cheques drawn on credit institutions, balances receivable from clearing houses and settlement agencies for transactions on the stock exchange and organised markets, bonds given in cash, capital calls, fees and commissions receivable for financial guarantees and debit balances arising from transactions not originating in banking transactions and services, such as the collection of rentals and similar items. They are classified, on the basis of the institutional sector to which the debtor belongs, into:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Central banks: credit of any nature, including deposits and money market transactions received from the Bank of Spain or other central banks.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Credit institutions: credit of any nature, including deposits and money market transactions, in the name of credit institutions.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Customers: includes the remaining credit, including money market transactions through central counterparties.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Debt securities: bonds and other securities that represent a debt for their issuer, that generate an interest return, and that are in the form of certificates or book entries.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Equity instruments: financial instruments issued by other entities, such as shares, which have the nature of equity instruments for the issuer, other than investments in subsidiaries, joint ventures or associates. Investment fund units are included in this item.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Derivatives: includes the fair value in favour of the Group of derivatives which do not form part of hedge accounting, including embedded derivatives separated from hybrid financial instruments.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Repurchase agreements and reverse repurchase agreements: Purchases of financial instruments under a non-optional resale (repurchase) agreement at a fixed price (repos) are recognised in the consolidated balance sheet as financing granted, based on the nature of the debtor, under 'Loans and advances with central banks', 'Loans and advances to credit institutions' or 'Loans and advances to customers. Differences between the purchase and sale prices are recognised as interest over the contract term.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Changes in the fair value of hedged items in portfolio hedges of interest rate risk: this item is the balancing entry for the amounts credited to the consolidated income statement in respect of the measurement of the portfolios of financial instruments which are effectively hedged against interest rate risk through fair value hedging derivatives. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Hedging derivatives: Includes the fair value in favour of the Group of derivatives, including embedded derivatives separated from hybrid financial instruments, designated as hedging instruments in hedge accounting.</span></div><div style="margin-bottom:3pt;margin-top:6pt"><span id="i6f7631ac7ec846f182f2361af5cca4a1"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">iii. Classification of financial liabilities for measurement purposes</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Financial liabilities are initially classified into the various categories used for management and measurement purposes, unless they have to be presented as 'Liabilities associated with non-current assets held for sale' or they relate to 'Hedging derivatives' or changes in the fair value of hedged items in portfolio hedges of interest rate risk (liability side), which are reported separately.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In most cases, changes in the fair value of financial liabilities designated at fair value through profit or loss, caused by the entity's credit risk, are recognized in other comprehensive income.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Financial liabilities are included for measurement purposes in one of the following categories:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Financial liabilities held for trading (at fair value through profit or loss): this category includes financial liabilities incurred for the purpose of generating a profit in the near term from fluctuations in their prices, financial derivatives not designated as hedging instruments, and financial liabilities arising from the outright sale of financial assets acquired under reverse repurchase agreements (“reverse repos”) or borrowed (short positions).</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Financial liabilities designated at fair value through profit or loss: financial liabilities are included in this category when they provide more relevant information, either because this eliminates or significantly reduces recognition or measurement inconsistencies (accounting mismatches) that would otherwise arise from measuring assets or liabilities or recognising the gains or losses on them on different bases, or because a group of financial liabilities or financial assets and liabilities is managed and its performance is evaluated on a fair value basis, in accordance with a documented risk management or investment strategy, and information about the group is provided on that basis to the Group’s key management personnel. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Liabilities may only be included in this category on the date when they are incurred or originated.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Financial liabilities at amortised cost: financial liabilities, irrespective of their instrumentation and maturity, not included in any of the above-mentioned categories which arise from the ordinary borrowing activities carried on by financial institutions.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i22941653c4ce4a539109b24085f76a2d"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">iv. Classification of financial liabilities for presentation purposes</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Financial liabilities are classified by nature into the following items in the consolidated balance sheet:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Deposits: includes all repayable balances received in cash by Grupo Santander, other than those instrumented as marketable securities and those having the substance of subordinated liabilities (amount of the loans received, which for credit priority purposes are after common creditors), except for the debt instruments. This item also includes cash bonds and cash consignments received the amount of which may be invested without restriction. Deposits are classified on the basis of the creditor’s institutional sector into:</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Central banks: deposits of any nature, including credit received and money market transactions received from the Bank of Spain or other central banks.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Credit institutions: deposits of any nature, including credit received and money market transactions in the name of credit institutions.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Customer: includes the remaining deposits, including money market transactions through central counterparties.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">During the 2019 financial year, the European Central Bank announced a new program of longer-term financing operations with a specific objective (TLTRO III), which included special conditions, including a reduction in the interest rate applicable between June 2020 and June 2022 subject to compliance with a certain volume of eligible loans.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander chose to accrue interest in accordance with the specific periods of adjustment to market rates, so that the interest corresponding to said period (-1%) has been recorded in the income statement from June 2020 to June 2022, having met the computable loan threshold that gave rise to the extra rate on that date.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Subsequently, and as a result of the modifications introduced by the European Central Bank in the conditions of the program, which include changes in its interest rates, the Group has updated the effective interest rate at which interest accrues on said financial liability, maintaining the criterion adopted in previous years, and considering said modifications a change in the variable interest rate (which affects the EIR) and is applied prospectively.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Marketable debt securities: includes the amount of bonds and other debt represented by marketable securities, other than those having the substance of subordinated liabilities (amount of the loans received, which for credit priority purposes are after common creditors, and includes the amount of the financial instruments issued by the Group which, having the legal nature of capital, do not meet the requirements to qualify as equity, such as certain preferred shares issued). This item includes the component that has the consideration of financial liability of the securities issued that are compound financial instruments.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Derivatives: includes the fair value, with a negative balance for the Group, of derivatives, including embedded derivatives separated from the host contract, which do not form part of hedge accounting.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Short positions: includes the amount of financial liabilities arising from the outright sale of financial assets acquired under reverse repurchase agreements or borrowed.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Other financial liabilities: includes the amount of payment obligations having the nature of financial liabilities not included in other items (includes, among others, the balance of lease liabilities), and liabilities under financial guarantee contracts, unless they have been classified as non-performing.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Repurchase agreements and reverse repurchase agreements: Sales of financial instruments under a non-optional resale (repurchase) agreement at a fixed price (repos) are recognised in the consolidated balance sheet as financing received, based on the nature of the creditor, under 'Deposits from central banks', 'Deposits from credit institutions' or 'Customer deposits'. Differences between the purchase and sale prices are recognised as interest over the contract term.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Changes in the fair value of hedged items in portfolio hedges of interest rate risk: this item is the balancing entry for the amounts charged to the consolidated income statement in respect of the measurement of the portfolios of financial instruments which are effectively hedged against interest rate risk through fair value hedging derivatives.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Hedging derivatives: includes the fair value of the Group’s liability in respect of derivatives, including embedded derivatives separated from hybrid financial instruments, designated as hedging instruments in hedge accounting.</span></div></div></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:3.44pt">The preference shares contingently convertible into ordinary shares eligible as Additional Tier 1 capital (PPCC) -perpetual shares, which may be repurchased by the issuer in certain circumstances, the interest on which is discretionary, and would convert into variable number of newly issued ordinary shares if the capital ratio of the Bank or its consolidated group falls below a given percentage (trigger event), as those two terms are defined in the related issue prospectuses are recognised for accounting purposes by the Group as compound instruments. The liability component reflects the issuer’s obligation to deliver a variable number of shares and the equity component reflects the issuer’s discretion in relation to the payment of the related coupons. In order to effect the initial allocation, the Group estimates the fair value of the liability as the amount that would have to be delivered if the trigger event were to occur immediately and, accordingly, the equity component, calculated as the residual amount, is zero. In view of the aforementioned discretionary nature of the payment of the coupons, they are deducted directly from equity.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Capital perpetual preference shares (PPCA), with the possibility of purchase by the issuer in certain circumstances, whose remuneration is discretionary, and which will be amortised permanently, totally or partially, in the event that the bank or its consolidated group submits a capital ratio lesser than a certain percentage (trigger event), as defined in the corresponding prospectuses, are accounted for by the Group as equity instruments.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Derivatives embedded in other financial instruments or in other host contracts are accounted for separately as derivatives if their risks and characteristics are not closely related to those of the host contracts, provided that the host contracts are not classified as financial assets/liabilities designated at fair value through profit or loss or as 'Financial assets/liabilities held for trading'.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i3f39f44784ae4b86a74c9dd3bc134e38"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">d) Measurement of financial assets and liabilities and recognition of fair value changes</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In general, financial assets and liabilities are initially recognised at fair value which, in the absence of evidence to the contrary, is deemed to be the transaction price. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In this regard, IFRS 9 states that regular way purchases or sales of financial assets shall be recognised and derecognised on the trade date or on the settlement date. Grupo Santander has opted to make such recognition on the trading date or settlement date, depending on the convention of each of the markets in which the transactions are carried out. For example, in relation to the purchase or sale of debt securities or equity instruments traded in the Spanish market, securities market regulations stipulate their effective transfer at the time of settlement and, therefore, the same time has been established for the accounting record to be made.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The fair value of instruments not measured at fair value through profit and loss is adjusted by transaction costs. Subsequently, and on the occasion of each accounting close, they are valued in accordance with the following criteria:</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i1daeab3e51f34b3c8b5b34de88e2d049"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">i. Measurement of financial assets</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Financial assets are measured at fair value are valued mainly at their fair value without deducting any transaction cost for their sale.</span></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The fair value of a financial instrument on a given date is taken to be the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. The most objective and common reference for the fair value of a financial instrument is the price that would be paid for it on an active, transparent and deep market (quoted price or market price). At 31 December 2023, there were no significant investments in quoted financial instruments that had ceased to be recognised at their quoted price because their market could not be deemed to be active.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">If there is no market price for a given financial instrument, its fair value is estimated on the basis of the price established in recent transactions involving similar instruments and, in the absence thereof, of valuation techniques commonly used by the international financial community, taking into account the specific features of the instrument to be measured and, particularly, the various types of risk associated with it.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">All derivatives are recognised in the balance sheet at fair value from the trade date. If the fair value is positive, they are recognised as an asset and if the fair value is negative, they are recognised as a liability. The fair value on the trade date is deemed, in the absence of evidence to the contrary, to be the transaction price. The changes in the fair value of derivatives from the trade date are recorded in the consolidated income statement. Specifically, the fair value of financial derivatives traded in organised markets included in the portfolios of financial assets or liabilities held for trading is deemed to be their daily quoted price and if, for exceptional reasons, the quoted price cannot be determined on a given date, these financial derivatives are measured using methods similar to those used to measure derivatives.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The fair value of derivatives is taken to be the sum of the future cash flows arising from the instrument, discounted to present value at the date of measurement (present value or theoretical close) using valuation techniques commonly used by the financial markets: net present value, option pricing models and other methods.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The amount of debt securities and loans and advances under a business model whose objective is to collect the principal and interest flows are valued at their amortised cost, as long as they comply with the 'SPPI' (Solely Payments of Principal and Interest) test, using the effective interest rate method in their determination. Amortised cost refers to the acquisition cost of a corrected financial asset or liability (more or less, as the case may be) for repayments of principal and the part systematically charged to the consolidated income statement of the difference between the initial cost and the corresponding reimbursement value at expiration. In the case of financial assets, the amortised cost includes, in addition, the corrections to their value due to the impairment. In the loans and advances covered in fair value hedging transactions, the changes that occur in their fair value related to the risk or the risks covered in these hedging transactions are recorded.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The effective interest rate is the discount rate that exactly matches the carrying amount of a financial instrument to all its estimated cash flows of all kinds over its remaining life. </span></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">For fixed rate financial instruments, the effective interest rate coincides with the contractual interest rate established on the acquisition date plus, where applicable, the fees and transaction costs that, because of their nature, form part of their financial return. In the case of floating rate financial instruments, the effective interest rate coincides with the rate of return prevailing in all connections until the next benchmark interest reset date.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Equity instruments and contracts related with these instruments are measured at fair value. However, in certain circumstances the Group estimates cost value as a suitable estimate of the fair value. This can happen if the recent event available information is not enough to measure the fair value or if there is a broad range of possible measures and the cost value represents the best estimates of fair value within this range.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The amounts at which the financial assets are recognised represent, in all material respects, the Group’s maximum exposure to credit risk at each reporting date. Also, Grupo Santander has received collateral and other credit enhancements to mitigate its exposure to credit risk, which consist mainly of mortgage guarantees, cash collateral, equity instruments and personal security, assets leased out under finance lease and full-service lease agreements, assets acquired under repurchase agreements, securities loans and credit derivatives.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="iad7571d7f18c480487c534afc313378b"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">ii. Measurement of financial liabilities</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In general, financial liabilities are measured at amortised cost, as defined above, except for those included under 'Financial liabilities held for trading' and 'Financial liabilities designated at fair value through profit or loss' and financial liabilities designated as hedged items (or hedging instruments) in fair value hedges, which are measured at fair value. The changes in credit risk arising from financial liabilities designated at fair value through profit or loss are recognised in accumulated other comprehensive income, unless they generate or increase an accounting mismatch, in which case changes in the fair value of the financial liability in all respects are recognised in the income statement.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="ie2fa1ccca81249dba678291f7cb8d812"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">iii. Valuation techniques</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The financial instruments at fair value determined on the basis of published price quotations in active markets (level 1) include government debt securities, private-sector debt securities, derivatives traded in organised markets, securitised assets, shares, short positions and fixed-income securities issued.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In cases where price quotations cannot be observed, management makes its best estimate of the price that the market would set, using its own internal models, described in note 50.c. In most cases, these internal models use data based on observable market parameters as significant inputs (level 2) and, in cases, they use significant inputs not observable in market data (level 3). In order to make these estimates, various techniques are employed, including the extrapolation of observable market data. The best evidence of the fair value of a financial instrument on initial recognition is the transaction price, unless the fair value of the instrument can be obtained from other market transactions performed with the same or similar instruments or can be measured by using a valuation technique in which the variables used include only observable market data, mainly interest rates.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt"><span id="i29b6d81ab4b044f1a0e44076285adc3c"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">iv. Recognition of fair value changes</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">As a general rule, changes in the carrying amount of financial assets and liabilities are recognised in the consolidated income statement. A distinction is made between the changes resulting from the accrual of interest and similar items, (which are recognised under Interest income or Interest expense, as appropriate), and those arising for other reasons, which are recognised at their net amount under 'Gains/losses on financial assets and liabilities'.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Adjustments due to changes in fair value arising from:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">'Financial assets at fair value with changes in other comprehensive income' are recorded temporarily, in the case of debt instruments in 'Other comprehensive income - Elements that can be reclassified to profit or loss - Financial assets at fair value with changes in other comprehensive income', while in the case of equity instruments are recorded in 'other comprehensive income - Elements that will not be reclassified to line item - Changes in the fair value of equity instruments valued at fair value with changes in other comprehensive income'. </span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Exchange differences on debt instruments measured at fair value with changes in other comprehensive income are recognised under 'Exchange Differences, net' of the consolidated income statement. Exchange differences on equity instruments, in which the irrevocable option of being measured at fair value with changes in other comprehensive income has been chosen, are recognised in 'Other comprehensive income - Items that will not be reclassified to profit or loss - Changes in the fair value of equity instruments measured at fair value with changes in other comprehensive income'.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Items charged or credited to 'Items that may be reclassified to profit or loss – Financial assets at fair value through other comprehensive income' and 'Other comprehensive income – Items that may be reclassified to profit or loss – Exchange differences in equity' remain in the Group's consolidated equity until the asset giving rise to them is impaired or derecognised, at which time they are recognised in the consolidated income statement.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Unrealized capital gains on financial assets at fair value through other comprehensive income classified as 'Non-current assets held for sale' because they form part of a disposal group or a discontinued operation that are recorded in the equity balancing entry 'Other accumulated comprehensive income - Items that can be reclassified in income - Non-current assets as held for sale.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i0bb49e7cd7ab4acdbcebda3d8a3a3b05"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">v. Hedging transactions</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The consolidated entities use financial derivatives for the following purposes: i) to facilitate these instruments to customers who request them in the management of their market and credit risks; ii) to use these derivatives in the management of the risks of the Group entities’ own positions and assets and liabilities (hedging derivatives); and iii) to obtain gains from changes in the prices of these derivatives (derivatives).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Financial derivatives that do not qualify for hedge accounting are treated for accounting purposes as trading derivatives. </span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Additionally, certain financial assets and liabilities can be designated as hedging instruments to cover exchange rate risk.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">A derivative qualifies for hedge accounting if all the following conditions are met:</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">1. The derivative hedges one of the following three types of exposure:</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">a.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:4.57pt">Changes in the fair value of assets and liabilities, as well as firm commitments, due to fluctuations, among others, in the interest rate and/or exchange rate to which the position or balance to be hedged is subject (fair value hedge).</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">b.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:4.25pt">Changes in the estimated cash flows arising from assets and liabilities, commitments and highly probable forecast transactions (cash flow hedge).</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">c.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:5.2pt">The net investment in a foreign operation (hedge of a net investment in a foreign operation).</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">2. It is effective in offsetting exposure inherent in the hedged item or position throughout the expected term of the hedge, which means that:</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">a.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:4.57pt">At the date of arrangement the hedge is expected, under normal conditions, to be highly effective (prospective effectiveness).</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">b.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:4.25pt">There is sufficient evidence that the hedge was actually effective during the whole life of the hedged item or position (retrospective effectiveness). To this end, the Group checks that the results of the hedge were within a range of 80% to 125% of the results of the hedged item.</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">3. There must be adequate documentation evidencing the specific designation of the financial derivative to hedge certain balances or transactions and how this hedge was expected to be achieved and measured, provided that this is consistent with the Group’s management of own risks.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The changes in value of financial instruments qualifying for hedge accounting are recognised as follows:</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">a. In fair value hedges, the gains or losses arising on both the hedging instruments and the hedged items attributable to the type of risk being hedged are recognised directly in the consolidated income statement.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">b. In fair value hedges of interest rate risk on a portfolio of financial instruments, the gains or losses that arise on measuring the hedging instruments are recognised directly in the consolidated income statement, whereas the gains or losses due to changes in the fair value of the hedged amount (attributable to the hedged risk) are recognised in the consolidated income statement with a balancing entry under Changes in the fair value of hedged items in portfolio hedges of interest rate risk on the asset or liability side of the balance sheet, as appropriate.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"> c. In cash flow hedges, the effective portion of the change in value of the hedging instrument is recognised temporarily in Other comprehensive income – under Items that may be reclassified to profit or loss – Hedging derivatives – Cash flow hedges (effective portion) until the covered element affects the results, when it is recognised in the consolidated income statement, unless, if the forecast transactions result in the recognition of non-financial assets or liabilities, it is included in the cost of the non-financial asset or liability.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">d. In hedges of a net investment in a foreign operation, the gains or losses attributable to the portion of the hedging instruments qualifying as an effective hedge are recognised temporarily in Other comprehensive income under Items that may be reclassified to profit or loss – Hedges of net investments in foreign operations until the gains or losses – on the hedged item are recognised in profit or loss.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">e. The ineffective portion of the gains or losses on the hedging instruments of cash flow hedges and hedges of a net investment in a foreign operation is recognised directly under 'Gains/losses on financial assets and liabilities (net)' in the consolidated income statement, in Gains or losses from hedge accounting, net.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">If a derivative designated as a hedge no longer meets the requirements described above due to expiration, ineffectiveness or for any other reason, the derivative is classified for accounting purposes as a trading derivative.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">When fair value hedge accounting is discontinued, the adjustments previously recognised on the hedged item are amortised to profit or loss at the effective interest rate recalculated at the date of hedge discontinuation. The adjustments must be fully amortised at maturity.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">When cash flow hedge accounting is discontinued, any cumulative gain or loss on the hedging instrument recognised in equity under other comprehensive income 'Items that may be reclassified to profit or loss' (from the period when the hedge was effective) remains in this equity item until the forecast transaction occurs, at which time it is recognised in profit or loss, unless the transaction is no longer expected to occur, in which case the cumulative gain or loss is recognised immediately in profit or loss.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i8ca726af20da4cd2b8e79c1987a3373a"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">e) Derecognition of financial assets and liabilities</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The accounting treatment of transfers of financial assets depends on the extent to which the risks and rewards associated with the transferred assets are transferred to third parties:</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">1. If the Group transfers substantially all the risks and rewards to third parties unconditional -sale of financial assets, sale of financial assets under an agreement to repurchase them at their fair value at the date of repurchase, sale of financial assets with a purchased call option or written put option that is deeply out of the money, securitisation of assets in which the transferor does not retain a subordinated debt or grant any credit enhancement to the new holders, and other similar cases-, the transferred financial asset is derecognised and any rights or obligations retained or created in the transfer are recognised simultaneously.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">2. If the Group retains substantially all the risks and rewards associated with the transferred financial asset -sale of financial assets under an agreement to repurchase them at a fixed price or at the sale price plus interest, a securities lending agreement in which the borrower undertakes to return the same or similar assets, and other similar cases-, the transferred financial asset is not derecognised and continues to be measured by the same criteria as those used before the transfer. However, the following items are recognised:</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">a.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:4.57pt">An associated financial liability, which is recognised for an amount equal to the consideration received and is subsequently measured at amortised cost, unless it meets the requirements for classification under 'Financial liabilities designated at fair value through profit or loss'.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">b.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:4.25pt">The income from the transferred financial asset not derecognised and any expense incurred on the new financial liability, without offsetting.</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">3. If the Group neither transfers nor retains substantially all the risks and rewards associated with the transferred financial asset -sale of financial assets with a purchased call option or written put option that is not deeply in or out of the money, securitisation of assets in which the transferor retains a subordinated debt or other type of credit enhancement for a portion of the transferred asset, and other similar cases- the following distinction is made:</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">a.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:4.57pt">If the transferor does not retain control of the transferred financial asset, the asset is derecognised and any rights or obligations retained or created in the transfer are recognised.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">b.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:4.25pt">If the transferor retains control of the transferred financial asset, it continues to recognise it for an amount equal to its exposure to changes in value and recognises a financial liability associated with the transferred financial asset. The net carrying amount of the transferred asset and the associated liability is the amortised cost of the rights and obligations retained, if the transferred asset is measured at amortised cost, or the fair value of the rights and obligations retained, if the transferred asset is measured at fair value.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Accordingly, financial assets are only derecognised when the rights to the cash flows they generate have expired or when substantially all the inherent risks and rewards have been transferred to third parties. Similarly, financial liabilities are only derecognised when the obligations they generate have been extinguished or when they are acquired with the intention either to cancel them or to resell them.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Regarding contractual modifications of financial assets, Grupo Santander has differentiated them into two main categories in relation to the conditions under which a modification leads to the disposal of the financial asset (and the recognition of a new financial asset) and those under which the accounting of the original financial instrument with the modified terms is maintained:</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Contractual modifications for commercial or market reasons, which are generally carried out at the request of the debtor to apply current market conditions to the debt. The new contract is considered a new transaction and, consequently, it is necessary to derecognize the original financial asset and recognize a new financial asset subject to the classification and measurement requirements established by IFRS 9. The new financial asset will be recorded at fair value and, if applicable, the difference between the carrying amount of the asset derecognized and the fair value of the new asset will be recognized in profit or loss.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Modifications due to refinancing or restructuring, in which the payment conditions are modified to allow a customer that is experiencing financial difficulties (current or foreseeable) to meet its payment obligations and that, if such modification had not been made, it would be reasonably certain that it would not be able to meet such payment obligations. In this case, the modification does not result in the derecognition of the financial asset, but rather the original financial asset is maintained and does not require a new assessment of its classification and measurement. When assessing credit impairment, the current credit risk (considering the modified cash flows) should be compared with the credit risk at initial recognition. The gross carrying amount of the financial asset (the present value of the renegotiated or modified contractual cash flows that are discounted at the original effective interest rate of the financial asset) should be recalculated, with a gain or loss recognized in profit or loss for the difference.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i15cfb89a76944aa7a39624ac0bad46fa"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">f) Offsetting of financial instruments</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Financial asset and liability balances are offset, i.e. reported in the consolidated balance sheet at their net amount, only if the Group entities currently have a legally enforceable right to set off the recognised amounts and intend either to settle on a net basis, or to realise the asset and settle the liability simultaneously.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i5d417dc02c6841238baf9c4b14da168c"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">g) Impairment of financial assets</span></div><div style="margin-bottom:3pt;margin-top:6pt"><span id="i6da443871ee2462cba24126fb4704f32"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">i. Definition</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander associates an impairment in the value to financial assets measured at amortised cost, debt instruments measured at fair value with changes in other comprehensive income, lease receivables, assets from contracts and loan commitments and the financial guarantees issued that are not measured at fair value through profit or loss.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The impairment for expected credit losses is recorded with a charge to the consolidated income statement for the period in which the impairment arises. In the event of occurrence, the recoveries of previously recognised impairment losses are recorded in the consolidated income statement for the period in which the impairment no longer exists or is reduced.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In the case of purchased or originated credit-impaired assets, the Group only recognizes at the reporting date the changes in the expected credit losses during the life of the asset since the initial recognition as a credit loss. In the case of assets measured at fair value with changes in other comprehensive income, the changes in the fair value due to expected credit losses are charged in the consolidated income statement of the year where the change happened, reflecting the rest of the valuation in other comprehensive income.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">As a rule, the expected credit loss is estimated as the difference between the contractual cash flows to be recovered and the expected cash flows discounted using the original effective interest rate. In the case of purchased or originated credit-impaired assets, this difference is discounted using the effective interest rate adjusted by credit rating.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Depending on the classification of financial instruments, which is mentioned in the following sections, the expected credit losses may be along 12 months or during the life of the financial instrument:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">12-month expected credit losses: arising from the potential default events, as defined in the following sections that are estimated to be likely to occur within the 12 months following the reporting date. These losses will be associated with financial assets classified as 'normal risk' as defined in the following sections.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Expected credit losses over the life of the financial instrument: arising from the potential default events that are estimated to be likely to occur throughout the life of the financial instruments. These losses are associated with financial assets classified as 'normal risk under watchlist' or 'doubtful risk'.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">With the purpose of estimating the expected life of the financial instrument all the contractual terms have been taken into account (e.g. prepayments, duration, purchase options, etc.), being the contractual period (including extension options) the maximum period considered to measure the expected credit losses. In the case of financial instruments with an uncertain maturity period and a component of undrawn commitment (e.g.: credit cards), the expected life is estimated through quantitative analyses to determine the period during which the entity is exposed to credit risk, also considering the effectiveness of management procedures that mitigate such exposure (e.g. the ability to unilaterally cancel such financial instruments, etc.).</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The following constitute effective guarantees:</span></div><div style="margin-bottom:9pt;padding-left:9.07pt;text-indent:-9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">a) Mortgage guarantees on housing as long as they are first duly constituted and registered in favour of the entity. The properties include:</span></div><div style="margin-bottom:9pt;padding-left:18pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">i.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:4.6pt">Buildings and building elements, distinguishing among:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Houses.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Offices, stores and multi-purpose premises.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Rest of buildings such as non-multi-purpose premises and hotels.</span></div><div style="margin-bottom:9pt;padding-left:18pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">ii.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.47pt">Urban and developable ordered land.</span></div><div style="margin-bottom:9pt;padding-left:18pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">iii.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:0.34pt"> Rest of properties that classify as: buildings and building elements under construction, such as property development in progress and halted development, and the rest of land types, such as rustic lands.</span></div><div style="margin-bottom:9pt;padding-left:9.07pt;text-indent:-9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">b) Collateral guarantees on financial instruments in the form of cash deposits, debt securities or equity instruments issued by creditworthy issuers.</span></div><div style="margin-bottom:9pt;padding-left:9.07pt;text-indent:-9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">c) Other types of real guarantees, including properties received in guarantee and second and subsequent mortgages on properties, as long as the entity demonstrates its effectiveness. When assessing the effectiveness of the second and subsequent mortgages on properties the entity will implement particularly restrictive criteria. It will take into account, among others, whether the previous charges are in favour of the entity itself or not and the relationship between the risk guaranteed by them and the property value.</span></div><div style="margin-bottom:9pt;padding-left:9.07pt;text-indent:-9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">d) Personal guarantees, as well as the incorporation of new owners, covering the entire amount of the financial instruments and implying direct and joint liability to the entity of persons or other entities whose solvency is sufficiently proven to ensure the repayment of the loan on the agreed terms.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The different aspects that the Group considers for the evaluation of effective guarantees are set out below in relation to the individual analysis.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="id67757de6c764d65b207bfce3d9657b9"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">ii. Financial instruments presentation</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">For the purposes of estimating the impairment amount, and in accordance with its internal policies, the Group classifies its financial instruments (financial assets, commitments and guarantees) measured at amortised cost or fair value through other comprehensive income in one of the following categories:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Normal Risk ('stage 1'): includes all instruments that do not meet the requirements to be classified in the rest of the categories.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:119%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:119%;padding-left:2.93pt">Normal risk under watchlist ('stage 2'): includes all instruments that, without meeting the criteria for classification as doubtful or default risk, have experienced significant increases in credit risk since initial recognition.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In order to determine whether a financial instrument has increased its credit risk since initial recognition and is to be classified in stage 2, the Group considers the following criteria:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:18.653%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:79.147%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Quantitative criteria</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the risk of a default occurring through the expected life of the financial instrument are analysed and quantified with respect to its credit level in its initial recognition.<br/></span><span style="font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><br/></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">With the purpose of determining if such changes are considered as significant, with the consequent classification into stage 2, each Group unit has defined the quantitative thresholds to consider in each of its portfolios taking into account corporate guidelines ensuring a consistent interpretation in all units.<br/></span><span style="font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><br/></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Within the quantitative thresholds, two types are considered: A relative threshold is those that compare current credit quality with credit quality at the time of origination in percentage terms of change. In addition, an absolute threshold compares both references in total terms, calculating the difference between the two. These absolute/relative concepts are used homogeneously (with different values) in all geographies. The use of one type of threshold or another (or both) is determined in accordance with the process described in note 54, below, and is marked by the type of portfolio and characteristics such as the starting point of the average credit quality of the portfolio.</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Qualitative criteria</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:2pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:110%">In addition to the quantitative criteria indicated, various indicators are used that are aligned with those used by the Group in the normal management of credit risk. Irregular positions of more than 30 days and renewals are common criteria in all Group units. In addition, each unit can define other qualitative indicators, for each of its portfolios, according to the particularities and normal management practices in line with the policies currently in force (i.e. use of management alerts, etc.).<br/>The use of these qualitative criteria is complemented with the use of an expert judgement, under the corresponding governance.</span></div></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In the case of forbearances, instruments classified as 'normal risk under watchlist' may be generally reclassified to 'normal risk' in the following circumstances: at least two years have elapsed from the date of reclassification to that category or from its forbearance date, the client has paid the accrued principal and interest balance, and the client has no other instruments with more than 30 days past due balances.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Doubtful Risk ('stage 3'): includes financial instruments, overdue or not, in which, without meeting the circumstances to classify them in the category of default risk, there are reasonable doubts about their total repayment (principal and interests) by the client in the terms contractually agreed. Likewise, off-balance-sheet exposures whose payment is probable and their recovery doubtful are considered in stage 3. Within this category, two situations are differentiated:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Doubtful risk for non-performing loans: financial instruments, irrespective of the client and guarantee, with balances more than 90 consecutive days on material arrears for principal, interest or expenses contractually agreed. </span></div><div style="margin-bottom:9pt;padding-left:21.26pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">This category also includes all loan balances for a client when the operations with more than 90 consecutive days on material arrears are greater than 20% of the amounts pending collection. </span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:21.26pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">These instruments may be reclassified to other categories if, as a result of the collection of part of the past due balances, the reasons for their classification in this category do not remain and the client does not have balances more than 90 consecutive days on material arrears in other loans.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Doubtful risk for reasons other than non-performing loans: this category includes doubtful recovery financial instruments that are not more than 90 consecutive days on material arrears.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander considers that a financial instrument to be doubtful for reasons other than delinquency when one or more combined events have occurred with a negative impact on the estimated future cash flows of the financial instrument. To this end, the following indicators, among others, are considered:</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">a)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:3.98pt">Negative net equity or decrease because of losses of the client's net equity by at least 50% during the last financial year.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">b)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:3.66pt">Continued losses or significant decrease in revenue or, in general, in the client's recurring cash flows.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">c)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:4.61pt">Generalised delay in payments or insufficient cash flows to service debts.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">d)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:3.67pt">Significantly inadequate economic or financial structure or inability to obtain additional financing by the client.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">e)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:3.92pt">Existence of an internal or external credit rating showing that the client is in default.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">f)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:5.47pt">Existence of overdue customer commitments with a significant amount to public institutions or employees.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">These financial instruments may be reclassified to other categories if, as a result of an individualised study, reasonable doubts do not remain about the total repayment under the contractually agreed terms and the client does not have balances of 90 days on material arrears.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In the case of forbearances, instruments classified as doubtful risk may be reclassified to the category of 'normal risk under watchlist' when the following circumstances are present: a minimum period of one year has elapsed from the forbearance date, the client has paid the accrued principal and interest amounts, and the client has no other loan balances of 90 days on material arrears.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Default Risk: includes all financial assets, or part of them, for which, after an individualised analysis, their recovery is considered remote due to a notorious and irrecoverable deterioration of their solvency.</span></div><div style="margin-bottom:9pt;padding-left:9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In any event, except in the case of financial instruments with effective collateral covering a substantial portion of the transaction amount, the Group generally consider as remote the following:</span></div><div style="margin-bottom:9pt;padding-left:18pt;text-indent:-6.75pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">- Those operations that, after an individualized analysis, are categorized as unsustainable debt, assuming an irrecoverability of such debt.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:18pt;text-indent:-6.75pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">- Transactions classified as doubtful due to non-performing loans with recovery costs that exceed the amounts receivable.</span></div><div style="margin-bottom:9pt;padding-left:18pt;text-indent:-6.75pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">- The operations on which the award is executed. The queue of these operations shall be included under default risk, as the recovery of the flows, provided that no further guarantees associated with the operation remain after the award of the property.</span></div><div style="margin-bottom:9pt;padding-left:18pt;text-indent:-6.75pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">- Those operations on which a deduction is made, the portion of the operation corresponding to that deduction, will be given as a balance at the time of signature.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">A financial asset amount is maintained in the balance sheet until they are considered as a "default risk", either all or a part of it, and the write-off is registered against the balance sheet.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In the case of operations that have only been partially derecognised, for forgiveness reasons or because part of the total balance is considered unrecoverable, the remaining amount shall be fully classified in the category of 'doubtful risk', except where duly justified.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The classification of a financial asset, or part of it, as a 'default risk' does not involve the disruption of negotiations and legal proceedings to recover the amount.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i343d44923bac494d90023279d0971f2e"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">iii. Impairment valuation assessment</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander has policies, methods and procedures in place to hedge its credit risk, both due to the insolvency attributable to counterparties and its residence in a specific country. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">These policies, methods and procedures are applied in the concession, study and documentation of financial assets, commitments and guarantees, as well as in the identification of their impairment and in the calculation of the amounts needed to cover their credit risk.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The impairment represents the best estimation of the financial assets expected credit losses at the balance sheet date, assessed both individually and collectively.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Individually: for the purposes of estimating the provisions for credit risk arising from the insolvency of a financial instrument, the Group individually assesses impairment by estimating the expected credit losses on those financial instruments that are considered to be significant and with sufficient information to make such an estimate.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-0.01pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Therefore, this classification mostly includes wholesale banking customers —Corporations, specialised financing— as well as some of the largest companies —Chartered and real estate developers— from retail banking. The determination of the perimeter in which the individualised estimate is applied is detailed in a later section.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The individually assessed impairment estimate is equal to the difference between the gross carrying amount of the financial instrument and the estimated value of the expected cash flows receivable discounted using the original effective interest rate of the transaction. The estimate of these cash flows takes into account all available information on the financial asset and the effective guarantees associated with that asset. This estimation process is detailed below.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Collectively: the Group also assesses impairment by estimating the expected credit losses collectively in cases where they are not assessed on an individual basis. This includes, for example, loans with individuals, sole proprietors or businesses in retail banking subject to a standardised risk management.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">For the purposes of the collective assessment of expected credit losses, the Group has consistent and reliable internal models. For the development of these models, instruments with similar credit risk characteristics that are indicative of the debtors' capacity to pay are considered.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The credit risk characteristics used to group the instruments are, among others: type of instrument, debtor's sector of activity, geographical area of activity, type of guarantee, aging of past due balances and any other factor relevant to estimating the future cash flows.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander performs retrospective and monitoring tests to evaluate the reasonableness of the collective estimate.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">On the other hand, the methodology required to estimate the expected credit loss due to credit events is based on an unbiased and weighted consideration by the probability of occurrence of a series of scenarios, considering a range of three to five possible future scenarios, depending on the characteristics of each unit, which could have an impact on the collection of contractual cash flows, always taking into account the time value of money, as well as all available, reasonable and sustainable information on past events, current conditions and forecasts of the evolution of macroeconomic scenarios that are shown to be relevant for the estimation of this amount (for example: GDP (Gross Domestic Product), housing price, unemployment rate, etc.).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The estimation of expected losses requires expert judgment and the support of historical, current and future information. The probability of loss is measured considering past events, the present situation and future trends of macroeconomic scenarios.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander uses forward-looking information in both internal risk management and prudential regulation processes, so that for the calculation of the impairment loss allowance, various scenarios are incorporated that take advantage of the experience with such information, thus ensuring consistency in obtaining the expected loss.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The complexity of the estimation in this exercise has been derived from the current macroeconomic scenario as a consequence of the war in Ukraine, as well as the increasing level of inflation and interest rates, and the difficulties in the supply chains, which has generated some uncertainty in the evolution of the economy.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander has internally ensured the criteria to be followed for guarantees received from government bodies, both through credit lines and other public guarantees, so that when they are adequately reflected in each of the contracts, they are recognised as mitigating factors of the potential expected losses, and therefore of the provisions to be recognised, based on the provisions of the applicable standard (IFRS 9 Par. B5.5.55). Furthermore, where applicable, these guarantees are appropriately reflected in the mitigation of the significant increase in risk, considering their nature as personal guarantees.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">For the estimation of the parameters used in the estimation of impairment provisions -EAD (exposure at default), PD (probability of default), LGD (loss given default)-, the Group based its experience in developing internal models for the estimation of parameters both in the regulatory area and for management purposes, adapting the development of the impairment provision models under IFRS 9.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Exposure at default: is the amount of estimated risk incurred at the time of the counterparty's analysis.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Probability of default: is the estimated probability that the counterparty will default on its principal and/or interest payment obligations.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Loss given default: is the estimate of the severity of the loss incurred in the event of non-compliance. It depends mainly on the updating of the guarantees associated with the operation and the future cash flows that are expected to be recovered.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In any case, when estimating the flows expected to be recovered, portfolio sales are included. It should be noted that due to the Group's recovery policy and the experience observed in relation to the prices of past sales of assets classified as stage 3 and/or default risk, there is no substantial divergence between the flows obtained from recoveries after performing recovery management of the assets with those obtained from the sale of portfolios of assets discounting structural expenses and other costs incurred.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The definition of default implemented by the Group for the purpose of calculating the impairment provision models is based on the definition in Article 178 of Regulation 575/2013 of the European Union (CRR), which is fully aligned with the requirements of IFRS 9, which considers that a 'default' exists in relation to a specific customer/contract when at least one of the following circumstances exists: the entity considers that there are reasonable doubts about the payment of all its credit obligations or that the customer/contract is in an irregular situation for more than 90 consecutive days past due material balances with respect to any significant credit obligation.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander aligned partially and voluntarily during 2022 the accounting definition of Stage 3, as well as the calculation of impairment provision models, to the New Definition of Default, incorporating the criteria defined by the EBA in its implementation guide of the definition of default, capturing the economic deterioration of the operations (days in default - on a daily basis - and materiality thresholds - minimum amount in arrears). The alignment of criteria was done taking into account the criteria of IFRS 9 as well as the accounting principles of unbiased presentation of financial information. Grupo Santander registered an increase in the default rate at around 19 basis points, with no material impact on the provision figures for credit risk.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In addition, the Group considers the risk generated in all cross-border transactions due to circumstances other than the usual commercial risk of insolvency (sovereign risk, transfer risk or risks arising from international financial activity, such as wars, natural catastrophes, balance of payments crisis, etc.).</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">IFRS 9 includes a series of practical solutions that can be implemented by entities, with the aim of facilitating its implementation. In order to achieve a complete and high-level implementation of the standard, and following the best practices of the industry, the Group applies these practical solutions adapting them to their own characteristics and circumstances:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Rebuttable presumption that the credit risk has increased significantly, when payments are more than 30 days past due: this threshold is used as an additional, but not primary, indicator of significant risk increase. </span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Assets with low credit risk at the reporting date: the Group adopts this practice prioritizing its reduced and punctual use and its systematic and periodic justification through quantitative evidence. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">This information is provided in more detail in note 54.b.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i166ebe9aa1d0443fb2f502ca5b8d79a8"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">iv. Detail of individual estimate of impairment</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">For the individual estimate of the assessment for impairment of the financial asset, the Group has a specific methodology to estimate the value of the cash flows expected to be collected:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Recovery through the debtor's ordinary activities (going approach).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Recovery through the execution and sale of the collateral guaranteeing the operations (gone approach).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Gone approach:</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">a. Evaluation of the effectiveness of guarantees</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander assesses the effectiveness of all the guarantees associated considering the following:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The time required to execute these guarantees.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Grupo Santander's ability to enforce or assert these guarantees in its favour.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The existence of limitations imposed by each local unit´s regulation on the foreclosure of collateral.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Under no circumstances the Group considers that a guarantee is effective if its effectiveness depends substantially on the solvency of the debtor, as could be the case:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Promises of shares or other securities of the debtor himself when their valuation may be significantly affected by a debtor's default.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Personal cross-collateralisation: when the guarantor of a transaction is, at the same time, guaranteed by the holder of that transaction.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The different types of effective guarantees have been detailed in section i. Definition</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:6pt;text-indent:11.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">b. Valuation of guarantees</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander assesses the guarantees on the basis of their nature in accordance with the following:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Mortgage guarantees on properties associated with financial instruments, using complete individual valuations carried out by independent valuation experts and under generally accepted valuation standards. If this is not possible, alternative valuations are used with duly documented and approved internal valuation models.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Personal guarantees are valued individually on the basis of the guarantor´s updated information.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The rest of the guarantees are valued based on current market values.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">c. Adjustments to the value of guarantees and estimation of future cash flow inflows and outflows</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander applies a series of adjustments to the value of the guarantees in order to improve the reference values:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Adjustments based on the historical sales experience of local units for certain types of assets.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Individual expert adjustments based on additional management information.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Likewise, to adjust the value of the guarantees, the time value of money is taken into account based on the historical experience of each of the units, estimating:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Period of adjudication.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Estimated time of sale of the asset.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In addition, the Group takes into account all those cash inflows and outflows linked to that guarantee until it is sold:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Possible future income commitments in favour of the borrower which will available after the asset is awarded.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Estimated foreclosure costs.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Asset maintenance costs, taxes and community costs.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Estimated marketing or sales costs.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Finally, since it is considered that the guarantee will be sold in the future, the Group applies an additional adjustment ('index forward') in order to adjust the value of the guarantees to future valuation expectations.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i4390c18212e745398ca3946996a5debc"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:130%">v. Impairment individual assessment scope</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander determines the perimeter over which it makes an estimate of the assessment for impairment on an individual basis based on a relevance threshold set by each of the geographical areas and the stage in which the operations are located. In general, the Group applies the individualised calculation of expected losses to the significant exposures classified in stage 3, although Banco Santander, S.A. has also extended its analyses to some of the exposures classified in stage 2.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">It should be noted that, in any case and irrespective of the stage in which their transactions are carried out, for customers who do not receive standardised treatment, a relational risk management model is applied, with individualised treatment and monitoring by the assigned risk analyst. In addition to wholesale customers (Santander Corporate & Investment Banking or SCIB) and large companies, this relational management model also includes other segments of smaller companies for which there is information and capacity for more personalised and expert analysis and monitoring. As indicated in the Group's wholesale credit model, the individual treatment of the client facilitates the continuous updating of information. The risk assumed must be followed and monitored throughout its life cycle, enabling anticipation and action to be taken in the event of possible impairments. In this way, the customer's credit quality is analysed individually, taking into account specific aspects such as his competitive position, financial performance, management, etc. In the wholesale risk management model, every customer with a credit risk position is assigned a rating, which has an associated probability of customer default. Thus, individual analysis of the debtor triggers a specific rating for each customer, which determines the appropriate parameters for calculating the expected loss, so that it is the rating itself that initially modulates the necessary coverage, adjusting the severity of the possible loss to the guarantees and other mitigating factors that the customer may have available. In addition, if as a result of this individualised monitoring of the customer, the analyst finally considers that his coverage is not sufficient, he has the necessary mechanisms to adjust it under his expert judgement, always under the appropriate governance.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="iafd6622097bd484abf26170620b13914"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:130%">h) 'Non-current assets' and 'liabilities associated with non-current assets held for sale'</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Non-current assets held for sale' includes the carrying amount of individual items, disposal groups or items forming part of a business unit earmarked for disposal (discontinued operations), whose sale in their present condition is highly likely to be completed within one year from the reporting date. Therefore, the recovery of the carrying amount of these items -which can be of a financial nature or otherwise- will foreseeably be effected through the proceeds from their disposal.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Specifically, property or other non-current assets received by the consolidated entities as total or partial settlement of their debtors’ payment obligations to them are deemed to be 'Non-current assets held for sale', unless the consolidated entities have decided to make continuing use of these assets.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">'Liabilities associated with non-current assets held for sale' includes the balances payable arising from the assets held for sale or disposal groups and from discontinued operations.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">'Non-current assets and disposal groups of items that have been classified as held for sale' are generally recognised at the date of their allocation to this category and are subsequently valued at the lower of their fair value less costs to sell or its book value. 'Non-current assets and disposal groups of items that are classified as held for sale' are not amortised as long as they remain in this category.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The valuation of the portfolio of non-current assets held for sale has been made in compliance with the requirements of International Financial Reporting Standards in relation to the estimate of the fair value of tangible assets and the value-in-use of financial assets.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The value of the portfolio is determined as the sum of the values of the individual elements that compose the portfolio, without considering any total or batch grouping in order to correct the individual values.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">For the purposes of its consideration in initial recognition, the Group obtains, at the time of award, the fair value of the corresponding asset by requesting an appraisal from external valuation agencies.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander has in place a corporate policy that ensures the professional competence and the independence and objectivity of the external appraisal agencies, in accordance with the regulations, which require appraisal agencies to meet independence, neutrality and credibility requirements, so that the use of their estimates does not reduce the reliability of its valuations. This policy establishes that all the appraisal companies and agencies with which the Group works in Spain should be registered in the Official Register of the Bank of Spain and that the appraisals performed by them should follow the methodology established in Order ECO/805/2003, of 27 March. The main appraisal companies and agencies with which the Group worked in Spain in 2023 are as follows: Tinsa Tasaciones Inmobiliarias, S.A.U., Krata Sociedad de Tasación, S.A., Sociedad de Tasación, S.A., Global Valuation, S.A.U., Gesvalt Sociedad de Tasación, S.A. y Valoraciones Mediterraneo, S.A. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Also, this policy establishes that the various subsidiaries abroad work with appraisal companies that have recent experience in the area and the type of asset under appraisal and meet the independence requirements established in the corporate policy. They should verify, inter alia, that the appraisal company is not a party related to the Group and that its billings to the Group in the last twelve months do not exceed 15% of the appraisal company’s total billings.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At 31 December 2023 the fair value less costs to sell of non-current assets held for sale exceeded their carrying amount by EUR 624 million (EUR 631 million at 31 December 2022); however, in accordance with the accounting standards, this unrealised gain could not be recognised.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Banco Santander, in compliance with Bank of Spain Circular 4/2017, and subsequent amendments, on public and private financial reporting standards and financial statement models, has developed a methodology that enables it to estimate the fair value and costs of sale of assets foreclosed or received in payment of debts. This methodology is based on the classification of the portfolio of foreclosed assets into different segments. Segmentation enables the intrinsic characteristics of Banco Santander's portfolio of foreclosed assets to be differentiated, so that assets with homogeneous characteristics are grouped by segment.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Thus, the portfolio is segmented into (i) finished assets of a residential and tertiary nature, (ii) developments in progress and (iii) land.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:121%;position:relative;top:-3.15pt;vertical-align:baseline">1</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In determining the critical segments in the overall portfolio, assets are classified on the basis of the nature of the asset and its stage of development. This segmentation is made in order to seek the liquidation of the asset (which should be carried out in the shortest possible time).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">When making decisions, the situation and/or characteristics of the asset are fundamentally taken into account, as well as the evaluation of all the determining factors that favour the recovery of the debt. For them, the following aspects are analyzed, among others:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The time that has elapsed since the adjudication.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The transferability and contingencies of the foreclosed asset.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The economic viability from the real estate point of view with the necessary investment estimate.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The expenses that may arise from the marketing process.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The offers received, as well as the difficulties in finding buyers.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In the case of real estate assets foreclosed in Spain, which represent 85% of the Group’s total non-current assets held for sale, the valuation of the portfolio is carried out by applying the following models:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Market Value Model used in the valuation of finished properties of a residential nature (mainly homes and car parks) and properties of a tertiary nature (offices, commercial premises and multipurpose buildings). For the valuation of finished assets whose availability for sale is immediate, a market sale value provided by a third party external to Banco Santander is considered, calculated under the AVM methodology by the comparable properties method adjusted by our experience in selling similar assets, given the term, price, volume, trend in the value of these assets and the time elapsing until their sale and discounting the estimated costs of sale.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The market value is determined on the basis of the definition established by the International Valuation Standards drawn up by the IVSC (International Valuation Standards Council), understood as the estimated amount for which an asset or a liability should be exchanged on the measurement date between a willing buyer and a willing seller, in an arm's length transaction, after appropriate marketing, and in which the parties have acted with sufficient information, prudently and without coercion.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The current market value of the properties is estimated on the basis of automated valuations obtained by taking comparable properties as a reference; simulating the procedure carried out by an appraiser in a physical valuation according to Order ECO 805/2003: selection of properties and obtaining the unit value by applying homogenisation adjustments. The selection of the properties is carried out by location within the same real estate cluster and according to the characteristics of the properties, filtering by type</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:121%;position:relative;top:-3.15pt;vertical-align:baseline">2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">, surface area range and age. The model enables a distinction to be made within the municipality under study as to which areas are similar and comparable and therefore have a similar value in the property market, discriminating between which properties are good comparators and which are not.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Adjustments to homogenize the properties are made according to: (i) the age of the property according to the age of the property to be valued, (ii) the deviation of the built area from the common area with respect to the property to be valued and (iii) by age of the date of capture of the property according to the price evolution index of the real estate market.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In addition, for individually significant assets, complete individual valuations are carried out, including a visit to the asset, market analysis (data relating to supply, demand, current sale or rental price ranges and supply-demand and revaluation expectations) and an estimate of expected income and costs.</span></div></div></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="padding-left:7.09pt;text-indent:-9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">1. The assets in a situation of 'stopped development' are included under 'land</span></div><div style="padding-left:9.07pt;text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">2. Assets qualified as protected housing are taken into account. The maximum legal value of these assets is determined by the VPO module, obtained from the result of multiplying the State Basic Module (MBE) by a zone coefficient determined by each autonomous community. To carry out the valuation of a protected property, the useful surface area is used in accordance with current regulations.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">For this segmentation of assets, when they are completed, the real costs are known and the actual expenses for the marketing and sale of the asset must be taken into account. Therefore, Banco Santander uses the actual costs in its calculation engine or, failing that, those estimated on the basis of its observed experience.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Market Value Model according to Evolution of Market Values used to update the valuation of developments in progress. The valuation model estimates the current market value of the properties based on complete individual valuations by third parties, calculated from the values of the feasibility studies and development costs of the promotion, as well as the selling costs, distinguishing by location, size and type of property. The inputs used in the valuation model for residential assets under construction are actual revenues and costs.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">For this purpose, in order to calculate the investment flows, Banco Santander considers, on the basis of the feasibility studies, the expenditure required for construction, the professional fees relating to the project and to project management, the premiums for mandatory building insurance, the developer's administrative expenses, licenses, taxes on new construction and fees, and urban development charges.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">With respect to the calculation of income flows, Banco Santander takes into account the square metres built, the number of homes under construction and the estimated selling price over 1.5 years.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The market value will be the result of the difference between the income flows and the investment flows estimated at each moment.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Land Valuation model. The methodology followed by the Group regarding land valuation consists of updating the individual reference valuation of each of the land on an annual basis, through updated valuation valuations carried out by independent professionals and following the methodology established in the Order ECO/805/2003, of 27 March, whose main verifications in the case of land valuation, regardless of the degree of urbanisation of the land, correspond to:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Visual verification of the assessed property.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Registry description.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Urban planning.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Visible easements.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Visible state of occupation, possession, use and exploitation.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Protection regime.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Apparent state of preservation.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Correspondence with cadastral property.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Existence of expropriation procedure, expropriation plan or project, administrative resolution or file that may lead to expropriation.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Expiry of the urbanization or building deadlines.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Existence of a procedure for failure to comply with obligations.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Verification of surfaces.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">For the purposes of valuation, the land will be classified in the following levels:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Level I: It will include all the lands that do not belong to level II.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Level II: It shall include land classified as undeveloped where building is not allowed for uses other than agriculture, forestry, livestock or linked to an economic exploitation permitted by the regulations in force. Also included are lands classified as developable that are not included in a development area of urban planning or that, in such an area, the conditions for its development have not been defined.</span></div><div style="margin-bottom:9pt;padding-left:17.86pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In those cases where the Group does not have an updated reference value through an ECO valuation for the current year, we use as a reference value the latest available ECO valuation reduced or corrected by the average annual coverage ratio of the land on which we have obtained an updated reference value, through an ECO valuation. </span></div><div style="margin-bottom:9pt;padding-left:17.86pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander applies a discount to the aforementioned reference values that takes into account both the discount on the reference value in the sales process and the estimated costs of marketing or selling the land; discount on reference value = % discount on sales + % marketing costs being:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">% discount on Sales: = 100 - (sales price / updated appraisal value).</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">marketing costs: calculated on the basis of our historical experience in sales and in accordance with the marketing management fees negotiated with our suppliers of this type of service.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In this way the Group obtains the corrected market value, an amount that we compare with the net cost of each piece of land to determine its correct valuation and conclude with our valuation process.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In addition, in relation to the previously mentioned valuations, less costs to sell, are contrasted with the sales experience of each type of asset in order to confirm that there is no significant difference between the sale price and the valuation.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Impairment losses on an asset or disposal group arising from a reduction in its carrying amount to its fair value (less costs to sell) are recognised under 'Gains or (losses) on non-current assets held for sale not classified as discontinued operations' in the consolidated income statement.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The gains on a non-current asset held for sale resulting from subsequent increases in fair value (less costs to sell) increase its carrying amount and are recognised in the consolidated income statement up to an amount equal to the impairment losses previously recognised.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:9pt"><span id="i8be487ca97a446d58f4817e32d05b19c"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">i) Assets under reinsurance contracts and Liabilities under insurance contracts</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The Group has prepared the accounting policy that establishes the criteria for recording insurance contracts, in accordance with IFRS 17. This standard defines insurance contracts as contracts under which one party accepts a significant insurance risk from another party by agreeing to compensate the policyholder if a specific uncertain future event negatively affects the policyholder. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">IFRS 17 requires a level of aggregation of contracts that the Group identifies in portfolios of contracts with similar risks and that are managed jointly. The Group then divides each portfolio into a minimum of three groups: (i) contracts that are onerous on initial recognition; (ii) contracts that, upon initial recognition, have no significant possibility of subsequently becoming onerous; and (iii) any remaining contract.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">For contracts that are considered not to be onerous, a profit margin is recognized in the profit and loss account (referred to as 'Contractual Service Margin' or 'CSM') throughout the period in which the entity performs the service. However, if at the time of initial recognition, or during the period in which the entity performs the service, the contract is onerous, the entity recognizes the loss in the income statement. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Contract limits define the term up to which compliance cash flows must be considered in order to measure an insurance contract. Fulfillment cash flows comprise an unbiased, probability-weighted estimate of future cash flows, a discount adjustment to the present value to reflect the time value of money for monetary and financial risks, and a risk adjustment for non-fulfillment risks. financial. The identification of the contractual limit under IFRS 17 is essential not only for measuring the fulfillment cash flows of a group of contracts, but also for determining the applicable measurement model, in case the contractual limits are identified in a year or more.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Cash flows are within the contractual limit of an insurance contract if they arise from substantial rights and obligations that exist during the reporting period, in which the entity can obligate the insurance policyholder to pay premiums or in which the entity has a substantive obligation to provide services to the insured. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The Group has carried out an analysis of the limits of insurance and reinsurance contracts under IFRS 17, separately, generally applying the General Model (Building Block Approach) to all contracts, except those eligible to be valued by the Simplified Model (Premium Allocation Approach), or the Variable Commission Approach ('VCA' or Variable Fee Approach). </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The general model measures a group of contracts as the sum of the fulfillment cash flows and the Contractual Service Margin. The CSM represents benefits not yet recorded that the entity will recognize as providing services under the insurance contract.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Insurance contracts with direct participation apply the VCA as a modified version of the General Model. This should reduce the volatility of results due to the asymmetry between the accounting treatment of the profit and losses of the underlying items attributable to the policyholders and the accounting treatment of the liability owed to those policyholders. </span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Another aspect considered in measuring the present value of the future cash flows of a group of insurance contracts is the discount rate applied to reflect the time value of money and the financial risks related to those cash flows. The Group has established a generally chosen methodology and guarantees that the calculation components have a homogeneous basis, previously approved by the Group, establishing the base curves provided by the Group and allowing adjustments to these curves based on the expert criteria of each local address.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Likewise, measuring compliance cash flows requires a risk adjustment for non-financial risk. Risk adjustment for non-financial risk is the compensation necessary to withstand uncertainty about the amount and timing of cash flows arising from non-financial risks. If a change in the assumptions occurs, it could affect the income statement or the Other comprehensive income, depending on its nature. The risks covered by the risk adjustment for non-financial risk are insurance risk and other non-financial risks, such as interruption risk and expense risk.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i9b85cf26a5ff43fd8f9654cfb11910aa"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">j) Tangible assets</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Tangible assets includes the amount of buildings, land, furniture, vehicles, computer hardware and other fixtures owned by the consolidated entities or acquired under finance leases. Tangible assets are classified by use as follows:</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i47665920ded941dcb2175c29e4bd8303"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">i. Property, plant and equipment for own use</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Property, plant and equipment for own use – including tangible assets received by the consolidated entities in full or partial satisfaction of financial assets representing receivables from third parties which are intended to be held for continuing use and tangible assets acquired under finance leases– are presented at acquisition cost, less the related accumulated depreciation and any estimated impairment losses (carrying amount higher than recoverable amount).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Depreciation is calculated, using the straight-line method, on the basis of the acquisition cost of the assets less their residual value. The land on which the buildings and other structures stand has an indefinite life and, therefore, is not depreciated.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The annual tangible asset depreciation charge is recognised in the consolidated income statement and are essentially equivalent to the following amortization percentages (determined based on the years of estimated useful life, on average, of the different elements):</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:64.332%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:33.468%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Average<br/>annual rate</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Buildings for own use</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.6 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Furniture</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Fixtures</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Office and IT equipment</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23.8 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Lease use rights</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Less than the lease<br/>term or the useful life<br/>of the underlying asset</span></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At the end of each reporting period, consolidated entities assess whether there is any indication that the carrying amount of an asset exceeds its recoverable amount, in which case they write down the carrying amount of the asset to its recoverable amount and adjust future depreciation charges in proportion to its adjusted carrying amount and to its new remaining useful life, if the useful life needs to be re-estimated.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Similarly, if there is an indication of a recovery in the value of a tangible asset, the consolidated entities recognise the reversal of the impairment loss recognised in prior periods and adjust the future depreciation charges accordingly. In no circumstances may the reversal of an impairment loss on an asset raise its carrying amount above that which it would have if no impairment losses had been recognised in prior years.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The estimated useful lives of the items of property, plant and equipment for own use are reviewed at least at the end of the reporting period with a view to detecting significant changes therein. If changes are detected, the useful lives of the assets are adjusted by correcting the depreciation charge to be recognised in the consolidated income statement in future years on the basis of the new useful lives.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Upkeep and maintenance expenses relating to property, plant and equipment for own use are recognised as an expense in the period in which they are incurred, since they do not increase the useful lives of the assets.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i0898e7458f3845d0b0f2ebf898b748b5"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">ii. Investment property</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">'Investment property' reflects the net values of the land, buildings and other structures held either to earn rentals or for obtaining profits by sales due to future increase in market prices.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The criteria used to recognise the acquisition cost of investment property, to calculate its depreciation and its estimated useful life and to recognise any impairment losses thereon are consistent with those described in relation to property, plant and equipment for own use.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In order to evaluate the possible impairment Grupo Santander determines periodically the fair value of its investment property so that, at the end of the reporting period, the fair value reflects the market conditions of the investment property at that date. This fair value is determined annually, taking as benchmarks the valuations performed by independent experts. The methodology used to determine the fair value of investment property is selected based on the status of the asset in question; thus, for properties earmarked for lease, the valuations are performed using the sales comparison approach, whereas for leased properties the valuations are made primarily using the income capitalisation approach and, exceptionally, the sales comparison approach.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In the sales comparison approach, the property market segment for comparable properties is analysed, inter alia, and, based on specific information on actual transactions and firm offers, current prices are obtained for cash sales of those properties. The valuations performed using this approach are considered as level 2 valuations.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In the income capitalisation approach, the cash flows estimated to be obtained over the useful life of the property are discounted taking into account factors that may influence the amount and actual obtainment thereof, such as: (i) the payments that are normally received on comparable properties; (ii) current and probable future occupancy; (iii) the current or foreseeable default rate on payments. The valuations performed using this approach are considered as Level 3 valuations, since significant unobservable inputs are used, such as current and probable future occupancy and/or the current or foreseeable default rate on payments.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i55ce7caa9ed34877b0958415b60c4769"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">iii. Assets leased out under an operating lease</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">'Property, plant and equipment' - Leased out under an operating lease reflects the amount of the tangible assets, other than land and buildings, leased out by the Group under an operating lease.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The criteria used to recognise the acquisition cost of assets leased out under operating leases, to calculate their depreciation and their respective estimated useful lives and to recognise the impairment losses thereon are consistent with those described in relation to property, plant and equipment for own use.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i70fa24e21e1044eca0351382203cca7b"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">k) Accounting for leases</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The main aspects contained in the regulation (IFRS 16) adopted by the Group are included below:</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">When the Group acts as lessee, it recognises a right-of-use asset representing its right to use the underlying leased asset with a corresponding lease liability on the date on which the leased asset is available for use by the Group.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Each lease payment is allocated between liability and finance charge. The finance charge is allocated to the income statement during the term of the lease in such a way as to produce a constant periodic interest rate on the remaining balance of the liability for each year.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The right-of-use asset is depreciated over the useful life of the asset or the lease term, whichever is shorter, on a straight-line basis. If the Group is reasonably certain to exercise a purchase option, the right-of-use asset is amortized over the useful life of the underlying asset. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Assets and liabilities arising from a lease are initially measured at present value. Lease liabilities include the net present value of the following lease payments:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Fixed payments (including inflation-linked payments), less any lease incentive receivable.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Variable lease payments that depend on an index or rate.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">The amounts expected to be paid by the lessee under residual value guarantees.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">The exercise price of a purchase option if the lessee is reasonably certain that it will exercise that option.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Lease termination penalty payments, if the term of the lease reflects the lessee's exercise of that option.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Lease payments are discounted using the interest rate implicit in the lease. When this interest rate cannot be obtained, the interest rate used in these cases, is the lessee's incremental borrowing rate at the related date. For this purpose, the entity has calculated this incremental borrowing rate taking as reference the listed debt instruments issued by the Group; in this regard, the Group has estimated different interest rate curves depending on the currency and economic environment in which the contracts are located. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In order to construct the incremental borrowing rate, a methodology has been developed at the corporate level. This methodology is based on the need for each entity to consider its economic and financial situation, for which the following factors must be considered:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Economic and political situation (country risk).</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Credit risk of the company.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Monetary policy.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Volume and seniority of the company’s debt instrument issues.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The incremental borrowing rate is defined as the interest rate that a lessee would have to pay for borrowing, given a similar period to the duration of the lease and with similar security, the funds necessary to obtain an asset of similar value to the right-of-use asset in a similar economic environment. The Group entities have a wide stock and variety of financing instruments issued in different currencies to that of the euro (pound, dollar, etc.) that provide sufficient information to be able to determine an "all in rate" (reference rate plus adjustment for credit spread at different terms and in different currencies). In circumstances, where the leasing company has its own financing, this has been used as the starting point for determining the incremental borrowing rate. On the other hand, for those Grupo Santander entities that do not have their own financing, the information from the financing of the consolidated subgroup to which they belong was used as the starting point for estimating the entity's curve, analysing other factors to assess whether it is necessary to make any type of negative or positive adjustment to the initially estimated credit spread.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Right-of-use assets are valued at cost which includes the following:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">The amount of the initial measurement of the lease liability.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Any lease payment made at or before the commencement date less any lease incentive received.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Any initial direct costs.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Restoration costs.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The Group recognises the payments associated with short-term leases and leases of low-value assets on a straight-line basis as an expense in the income statement. Short-term leases are leases with a lease term less than or equal to 12 months (a lease that contains a purchase option is not a short term lease).</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="idaf7032c3b7b4a64a46061dc80201494"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">l) Intangible assets</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Intangible assets are identifiable non-monetary assets (separable from other assets) without physical substance which arise as a result of a legal transaction or which are developed internally by the consolidated entities.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Only assets whose cost can be measured reliably and it is likely that the consolidated entities obtain future economic benefits are recognised.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Intangible assets are recognised initially at acquisition or production cost and are subsequently measured at cost less any accumulated amortisation and any accumulated impairment losses.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i2180545aaf384969b68deda3b7140c31"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">i. Goodwill</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Any excess of the cost of the investments in the consolidated entities and entities accounted for using the equity method over the corresponding underlying carrying amounts acquired, adjusted at the date of first-time consolidation, is allocated as follows:</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">a.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:4.57pt">If it is attributable to specific assets and liabilities of the companies acquired, by increasing the value of the assets (or reducing the value of the liabilities) whose fair values were higher (lower) than the carrying amounts at which they had been recognised in the acquired entities’ balance sheets.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">b.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:4.25pt">If it is attributable to specific intangible assets, by recognising it explicitly in the consolidated balance sheet provided that the fair value of these assets within twelve months following the date of acquisition can be measured reliably.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">c.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:5.2pt">The remaining amount is recognised as goodwill, which is allocated to one or more cash-generating units (CGU) (a cash-generating unit is the smallest identifiable group of assets that, as a result of continuing operation, generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets). The cash-generating units represent the Group’s geographical and/or business segments.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Goodwill (only recognised when it has been acquired by consideration) represents, therefore, a payment made by the acquirer in anticipation of future economic benefits from assets of the acquired entity that are not capable of being individually identified and separately recognised.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At the end of each annual reporting period or whenever there is any indication of impairment goodwill is reviewed for impairment (i.e. a reduction in its recoverable amount to below its carrying amount) and, if there is any impairment, the goodwill is written down with a charge to 'Impairment or reversal of impairment on non-financial assets, net - Intangible assets' in the consolidated income statement.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">An impairment loss recognised for goodwill is not reversed in a subsequent period.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In the event of sale or departure of an activity that is part of a CGU, the part of the goodwill that can be assigned to said activity would be written-off, taking as a reference the relative value of the same over the total of the CGU at the time of sale or abandonment. If applicable, the distribution by currency of the remaining goodwill will be performed based on the relative values of the remaining activities.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i6ff5b712f0934e53919f3860aaf385c2"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">ii. Other intangible assets</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Other intangible assets includes the amount of identifiable intangible assets, such as purchased customer lists and computer software.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Other intangible assets can have an indefinite useful life -when, based on an analysis of all the relevant factors, it is concluded that there is no foreseeable limit to the period over which the asset is expected to generate net cash inflows for the consolidated entities- or a finite useful life, in all other cases.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Intangible assets with indefinite useful lives are not amortised, but rather at the end of each reporting period or whenever there is any indication of impairment the consolidated entities review the remaining useful lives of the assets in order to determine whether they continue to be indefinite and, if this is not the case, to take the appropriate steps.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Intangible assets with finite useful lives are amortised over those useful lives using methods similar to those used to depreciate tangible assets.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The intangible asset amortisation charge is recognised under 'Depreciation and amortisation' in the consolidated income statement.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In both cases the consolidated entities recognise any impairment loss on the carrying amount of these assets with a charge to 'Impairment or reversal of impairment on non-financial assets, net - Intangible assets in the consolidated' income statement. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The criteria used to recognise the impairment losses on these assets and, where applicable, the reversal of impairment losses recognised in prior years are similar to those used for tangible assets (see note 2.k).</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i282a3d7af4224b40bd45fde9e78f9b34"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">Internally developed computer software</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Internally developed computer software is recognised as an intangible asset if, among other requisites (basically the Group’s ability to use or sell it), it can be identified and its ability to generate future economic benefits can be demonstrated.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Expenditure on research activities is recognised as an expense in the year in which it is incurred and cannot be subsequently capitalised into the carrying amount of the intangible asset.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i03ae69820edb4fc19c95495544628381"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">m) Other assets</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Other assets' in the consolidated balance sheet includes the amount of assets not recorded in other items, the breakdown being as follows:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Inventories: this item includes the amount of assets, other than financial instruments, that are held for sale in the ordinary course of business, that are in the process of production, construction or development for such purpose, or that are to be consumed in the production process or in the provision of services. Inventories include land and other property held for sale in the property development business.</span></div><div style="margin-bottom:9pt;padding-left:9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Inventories are measured at the lower of cost and net realisable value, which is the estimated selling price of the inventories in the ordinary course of business, less the estimated costs of completion and the estimated costs required to make the sale.</span></div><div style="margin-bottom:9pt;padding-left:9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Any write-downs of inventories -such as those due to damage, obsolescence or reduction of selling price- to net realisable value and other impairment losses are recognised as expenses for the year in which the impairment or loss occurs. Subsequent reversals are recognised in the consolidated income statement for the year in which they occur.</span></div><div style="margin-bottom:9pt;padding-left:9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The carrying amount of inventories is derecognised and recognised as an expense in the period in which the revenue from their sale is recognised.</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">▪</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:6.37pt">Other: this item includes the balance of all prepayments and accrued income (excluding accrued interest, fees and commissions), the net amount of the difference between pension plan obligations and the value of the plan assets with a balance in the entity’s favour, when this net amount is to be reported in the consolidated balance sheet, and the amount of any other assets not included in other items.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="idb02f6b74ca14d79959fb40befa5cf71"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">n) Other liabilities</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">'Other liabilities' includes the balance of all accrued expenses and deferred income, excluding accrued interest, and the amount of any other liabilities not included in other categories.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:9pt"><span id="i89dd70b3b01b4cf98dfb412ee2182413"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">o) Provisions and contingent liabilities (assets)</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">When preparing the financial statements of the consolidated entities, Banco Santander’s directors made a distinction between:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Provisions: credit balances covering present obligations at the reporting date arising from past events which could give rise to a loss for the consolidated entities, which is considered to be likely to occur and certain as to its nature but uncertain as to its amount and/or timing.</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">▪</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:6.37pt">Contingent liabilities: possible obligations that arise from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more future events not wholly within the control of the consolidated entities. They include the present obligations of the consolidated entities when it is not probable that an outflow of resources embodying economic benefits will be required to settle them. The Group does not recognise the contingent liability. The Group will disclose a contingent liability, unless the possibility of an outflow of resources embodying economic benefits is remote. </span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">▪</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:6.37pt">Contingent assets: possible assets that arise from past events and whose existence is conditional on, and will be confirmed only by, the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Group. Contingent assets are not recognised in the consolidated balance sheet or in the consolidated income statement, but rather are disclosed in the notes, provided that it is probable that these assets will give rise to an increase in resources embodying economic benefits.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander’s consolidated financial statements include all the material provisions with respect to which it is considered that it is more likely than not the obligation will have to be settled. In accordance with accounting standards, contingent liabilities must not be recognised in the consolidated financial statements, but must rather be disclosed in the Notes.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Provisions (which are quantified on the basis of the best information available on the consequences of the event giving rise to them and are reviewed and adjusted at the end of each year) are used to cater for the specific obligations for which they were originally recognised. Provisions are fully or partially reversed when such obligations cease to exist or are reduced.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Provisions are classified according to the obligations covered as follows (see note 25):</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">▪</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:6.37pt">Provision for pensions and similar obligations: includes the amount of all the provisions made to cover post-employment benefits, including obligations to pre-retirees and similar obligations.</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">▪</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:6.37pt">Provisions for contingent liabilities and commitments: include the amount of the provisions made to cover contingent liabilities -defined as those transactions in which the Group guarantees the obligations of a third party, arising as a result of financial guarantees granted or contracts of another kind- and contingent commitments -defined as irrevocable commitments that may give rise to the recognition of financial assets.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">▪</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:6.37pt">Provisions for taxes and other legal contingencies and Other provisions: include the amount of the provisions recognised to cover tax and legal contingencies and litigation and the other provisions recognised by the consolidated entities. Other provisions includes, inter alia, any provisions for restructuring costs and environmental measures.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i6bb8bea470bc464a9c388d4309c871c7"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">p) Own equity instruments</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Own equity instruments are those meeting both of the following conditions:</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">▪</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:6.37pt">The instruments do not include any contractual obligation for the issuer (i) to deliver cash or another financial asset to a third party; or (ii) to exchange financial assets or financial liabilities with a third party under conditions that are potentially unfavourable to the issuer.</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">▪</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:6.37pt">The instruments will or may be settled in the issuer’s own equity instruments and are: (i) a non-derivative that includes no contractual obligation for the issuer to deliver a variable number of its own equity instruments; or (ii) a derivative that will be settled by the issuer through the exchange of a fixed amount of cash or another financial asset for a fixed number of its own equity instruments.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Transactions involving own equity instruments, including their issuance and cancellation, are charged directly to equity.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Changes in the value of instruments classified as own equity instruments are not recognised in the consolidated financial statements. Consideration received or paid in exchange for such instruments, including the coupons on preference shares contingently convertible into ordinary shares and the coupons associated with CCPP, is directly added to or deducted from equity.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i6b0298ef5f7f4e578c72ecf706747317"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">q) Equity-instrument-based employee remuneration</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Own equity instruments delivered to employees in consideration for their services, if the instruments are delivered once the specific period of service has ended, are recognised as an expense for services (with the corresponding increase in equity) as the services are rendered by employees during the service period. At the grant date the services received (and the related increase in equity) are measured at the fair value of the equity instruments granted. If the equity instruments granted are vested immediately, Grupo Santander recognises in full, at the grant date, the expense for the services received.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">When the requirements stipulated in the remuneration agreement include external market conditions (such as equity instruments reaching a certain quoted price), the amount ultimately to be recognised in equity will depend on the other conditions being met by the employees (normally length of service requirements), irrespective of whether the market conditions are satisfied.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">If the conditions of the agreement are met but the external market conditions are not satisfied, the amounts previously recognised in equity are not reversed, even if the employees do not exercise their right to receive the equity instruments.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span><br/></span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:9pt"><span id="i51e4f2e724594b76828131b738fa8a14"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">r) Recognition of income and expenses</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The most significant criteria used by Grupo Santander to recognise its income and expenses are summarised as follows:</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i1a25041d9f4b466cb17b831390b9f883"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">i. Interest income, interest expenses and similar items</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Interest income, interest expenses and similar items are generally recognised on an accrual basis using the effective interest method. Dividends received from other companies are recognised as income when the consolidated entities’ right to receive them arises.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i73e5c6d823794f1ea684f532e9529493"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">ii. Commissions, fees and similar items</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Fee and commission income and expenses are recognised in the consolidated income statement using criteria that vary according to their nature. The main criteria are as follows:</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">▪</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:6.37pt">Fee and commission income and expenses relating to financial assets and financial liabilities measured at fair value through profit or loss are recognised when paid.</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">▪</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:6.37pt">Those arising from transactions or services that are performed over a period of time are recognised over the life of these transactions or services.</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">▪</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:6.37pt">Those relating to services provided in a single act are recognised when the single act is carried out.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i5064d85e5a064ed18e3d9d0f8d815082"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">iii. Non-finance income and expenses</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">They are recognised for accounting purposes when the good is delivered or the non-financial service is rendered. To determine the amount and timing of recognition, a five-step model is followed: identification of the contract with the customer, identification of the separate obligations of the contract, determination of the transaction price, distribution of the transaction price among the identified obligations and finally recording of income as the obligations are satisfied.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i35771620f8c24b79b630dfbda3cb2565"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">iv. Deferred collections and payments</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">These are recognised for accounting purposes at the amount resulting from discounting the expected cash flows at market rates.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="if0b44dfee5fa4b71b72f12677a29c0e9"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">v. Loan arrangement fees</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Loan arrangement fees, mainly loan origination, application and information fees, are accrued and recognised in income over the term of the loan.</span></div><div style="margin-bottom:6pt;margin-top:9pt;text-align:justify"><span id="id64904e4fe4f4b1ab151be40a3a72546"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">s) Financial guarantees</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Financial guarantees are considered contracts that require the issuer to make specific payments to reimburse the creditor for the loss it incurs when a specific debtor defaults on its due date payment obligation in accordance with the original or modified conditions of debt instrument, regardless of its legal form, which may be, among others, a deposit, financial guarantee, insurance contract or credit derivative.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander initially recognises the financial guarantees provided on the liability side of the consolidated balance sheet at fair value, which is generally the present value of the fees, commissions and interest receivable from these contracts over the term thereof, and simultaneously the Group recognises the amount of the fees, commissions and similar interest received at the inception of the transactions and a credit on the asset side of the consolidated balance sheet for the present value of the fees, commissions and interest outstanding.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Financial guarantees, regardless of the guarantor, instrumentation or other circumstances, are reviewed periodically so as to determine the credit risk to which they are exposed and, if appropriate, to consider whether a provision is required. The credit risk is determined by application of criteria similar to those established for quantifying impairment losses on debt instruments carried at amortised cost (described in note 2.g above).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The provisions made for these transactions are recognised under 'Provisions - Provisions for commitments and guarantees given in the consolidated balance sheet' (see note 25). These provisions are recognised and reversed with a charge or credit, respectively, to 'Provisions or reversal of provisions', net, in the consolidated income statement.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i0be1d6c83fb443588b8f77f212a96420"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">t) Assets under management and investment and pension funds managed by the Group</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Assets owned by third parties and managed by the consolidated entities are not presented on the face of the consolidated balance sheet. The investment funds and pension funds managed by the consolidated companies are also not presented in the Group's consolidated balance sheet, as they are owned by third parties.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The commissions generated by these activities are included in the balance of the 'Commission income' chapter of the consolidated profit and loss account.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Note 2.b.iv describes the internal criteria and procedures used to determine whether control exists over the structured entities, which include, inter alia, investment funds and pension funds.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i9e3ec5088ba440ec8add72b79d61fb81"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">u) Post-employment benefits</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Under the collective agreements currently in force and other arrangements, the Spanish banks included in the Group and certain other Spanish and foreign consolidated entities have undertaken to supplement the public social security system benefits accruing to certain employees, and to their beneficiary right holders, for retirement, permanent disability or death, and the post-employment welfare benefits.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander's post-employment obligations to its employees are deemed to be defined contribution plans when the Group makes pre-determined contributions (recognised under Personnel expenses in the consolidated income statement) to a separate entity and will have no legal or effective obligation to make further contributions if the separate entity cannot pay the employee benefits relating to the service rendered in the current and prior periods. Post-employment obligations that do not meet the aforementioned conditions are classified as defined benefit plans (see note 25).</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i11ab0231f492413c97024b30afafb82a"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">Defined contribution plans</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The contributions made in this connection in each year are recognised under 'Personnel expenses' in the consolidated income statement. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The amounts not yet contributed at each year-end are recognised, at their present value, under 'Provisions - Provision for pensions' and similar obligations on the liability side of the consolidated balance sheet.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i037d757700064cbdaeab4bc6b88df9de"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">Defined benefit plans</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander recognises under 'Provisions - Provision for pensions and similar obligations on the liability side of the consolidated balance sheet' (or under 'Other assets' on the asset side, as appropriate) the present value of its defined benefit post-employment obligations, net of the fair value of the plan assets.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Plan assets are defined as those that will be directly used to settle obligations and that meet the following conditions:</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">▪</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:6.37pt">They are not owned by the consolidated entities, but by a legally separate third party that is not a party related to the Group.</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">▪</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:6.37pt">They are only available to pay or fund post-employment benefits and they cannot be returned to the consolidated entities unless the assets remaining in the plan are sufficient to meet all the benefit obligations of the plan and of the entity to current and former employees, or they are returned to reimburse employee benefits already paid by Grupo Santander.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">If Grupo Santander can look to an insurer to pay part or all of the expenditure required to settle a defined benefit obligation, and it is practically certain that said insurer will reimburse some or all of the expenditure required to settle that obligation, but the insurance policy does not qualify as a plan asset, the Group recognises its right to reimbursement -which, in all other respects, is treated as a plan asset- under 'Insurance contracts linked to pensions' on the asset side of the consolidated balance sheet.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander will recognise the following items in the income statement:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Current service cost, (the increase in the present value of the obligations resulting from employee service in the current period), is recognised under 'Staff costs'.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The past service cost, which arises from changes to existing post-employment benefits or from the introduction of new benefits and includes the cost of reductions, is recognised under 'Provisions or reversal of provisions'.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Any gain or loss arising from a liquidation of the plan is included in the Provisions or reversion of provisions.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Net interest on the net defined benefit liability (asset), i.e. the change during the period in the net defined benefit liability (asset) that arises from the passage of time, is recognised under 'Interest expense' and similar charges ('Interest and similar income' if it constitutes income) in the consolidated income statement.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The remeasurement of the net defined benefit liability (asset) is recognised in 'Other comprehensive income' under Items not reclassified to profit or loss and includes:</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">▪</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:6.37pt">Actuarial gains and losses generated in the year, arising from the differences between the previous actuarial assumptions and what has actually occurred and from the effects of changes in actuarial assumptions.</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">▪</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:6.37pt">The return on plan assets, excluding amounts included in net interest on the net defined benefit liability (asset).</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">▪</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:6.37pt">Any change in the effect of the asset ceiling, excluding amounts included in net interest on the net defined benefit liability (asset).</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="iad33ab6017634228b1a73d8f872785bb"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">v) Other long-term employee benefits</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Other long-term employee benefits, defined as obligations to pre-retirees -taken to be those who have ceased to render services at the entity but who, without being legally retired, continue to have economic rights vis-à-vis the entity until they acquire the legal status of retiree-, long-service bonuses, obligations for death of spouse or disability before retirement that depend on the employee’s length of service at the entity and other similar items, are treated for accounting purposes, where applicable, as established above for defined benefit post-employment plans, except that actuarial gains and losses are recognised under 'Provisions or reversal of provisions', net, in the consolidated income statement (see note 25).</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i488ec7ec664d445f81229121ea48f66d"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">w) Termination benefits</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Termination benefits are recognised when there is a detailed formal plan identifying the basic changes to be made, provided that implementation of the plan has begun, its main features have been publicly announced or objective facts concerning its implementation have been disclosed.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i6599f7d9c44942978f9a231c39b92e30"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">x) Income tax</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The expense for Spanish income tax and other similar taxes applicable to the foreign consolidated entities is recognised in the consolidated income statement, except when they arise from a transaction whose results are recognised directly in equity, in which case the related tax effect is recognised in equity.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The current income tax expense is calculated as the sum of the current tax resulting from application of the appropriate tax rate to the taxable profit for the year (net of any deductions allowable for tax purposes), and of the changes in deferred tax assets and liabilities recognised in the consolidated income statement.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">'Deferred tax assets' and liabilities include temporary differences, which are identified as the amounts expected to be payable or recoverable on differences between the carrying amounts of assets and liabilities and their related tax bases, and tax loss and tax credit carryforwards. These amounts are measured at the tax rates that are expected to apply in the period when the asset is realised or the liability is settled.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">'Tax assets' include the amount of all tax assets, which are broken down into current -amounts of tax to be recovered within the next twelve months- and deferred -amounts of tax to be recovered in future years, including those arising from tax loss or tax credit carryforwards.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Tax liabilities' includes the amount of all tax liabilities (except provisions for taxes), which are broken down into current -the amount payable in respect of the income tax on the taxable profit for the year and other taxes in the next twelve months- and deferred -the amount of income tax payable in future years.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Deferred tax liabilities are recognised in respect of taxable temporary differences associated with investments in subsidiaries, associates or joint ventures, except when the Group is able to control the timing of the reversal of the temporary difference and, in addition, it is probable that the temporary difference will not reverse in the foreseeable future. In this regard, no deferred tax liabilities of EUR 394.6 million were recognised in relation to the taxation that would arise from the undistributed earnings of certain Group holding companies, in accordance with the legislation applicable in those jurisdictions.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Deferred tax assets are only recognised for temporary differences to the extent that it is considered probable that the consolidated entities will have sufficient future taxable profits against which the deferred tax assets can be utilised, and the deferred tax assets do not arise from, in its initial recognition of (i)a business combination, (ii) an operation that does not affect either the tax result or the accounting result or (iii) on the date of the transaction, does not generate deductible and taxable temporary differences for the same amount (in which case assets and deferred tax liabilities). Other deferred tax assets (tax loss and tax credit carryforwards) are only recognised if it is considered probable that the consolidated entities will have sufficient future taxable profits against which they can be utilised.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Differences generated by the different accounting and tax treatment of any of the income and expenses recorded directly in equity to be paid or recovered in the future are accounted for as temporary differences.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The deferred tax assets and liabilities are reassessed at the reporting date in order to ascertain whether any adjustments need to be made on the basis of the findings of the analyses performed.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="id910ec839a9a4e09b41ca5373f131e1b"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">y) Residual maturity periods</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In note 51 it is provided an analysis of the maturities of the balances of certain items in the consolidated balance sheet.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Santander Group has recorded as 'time liabilities' those recognised financial liabilities in which the counterparty may require payments.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Likewise, when Grupo Santander has committed to having amounts available at different maturity periods, these amounts have been recorded in the first year in which they may be required.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Additionally, for the financial guarantee contracts issued, the Group has recorded the maximum amount of the financial guarantee issued in the first year in which the guarantee can be executed.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;margin-top:9pt"><span id="i1ef422ddbfdd48448c62bcdd1c01fb1a"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">z) Consolidated statement of recognised income and expense</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">This statement presents the income and expenses generated by the Group as a result of its business activity in the year, and a distinction is made between the income and expenses recognised in the consolidated income statement for the year and the other income and expenses recognised directly in consolidated equity.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Accordingly, this statement presents:</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">a. Consolidated profit for the year.</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">b. The net amount of the income and expenses recognised in 'Other comprehensive income' under items that will not be reclassified to profit or loss.</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">c. The net amount of the income and expenses recognised in Other comprehensive income under items that may be reclassified subsequently to profit or loss.</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">d. The income tax incurred in respect of the items indicated in b and c above, except for the valuation adjustments arising from investments in associates or joint ventures accounted for using the equity method, which are presented net.</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">e. Total consolidated recognised income and expense, calculated as the sum of a) to d) above, presenting separately the amount attributable to the parent company and the amount relating to non-controlling interests.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The statement presents the items separately by nature, grouping together items that, in accordance with the applicable accounting standards, will not be reclassified subsequently to profit and loss since the requirements established by the corresponding accounting standards are met.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i3d2257e76df04d0ca39fc1408098b4eb"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">aa) Statement of changes in total equity</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">This statement presents all the changes in equity, including those arising from changes in accounting policies and from the correction of errors. Accordingly, this statement presents a reconciliation of the carrying amount at the beginning and end of the year of all the consolidated equity items, and the changes are grouped together on the basis of their nature into the following items:</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">a. Adjustments due to changes in accounting policies and to errors: include the changes in consolidated equity arising as a result of the retrospective restatement of the balances in the consolidated financial statements, distinguishing between those resulting from changes in accounting policies and those relating to the correction of errors.</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">b. Income and expense recognised in the year: includes, in aggregate form, the total of the aforementioned items recognised in the consolidated statement of recognised 'Income and expense'.</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">c. Other changes in equity: includes the remaining items recognised in equity, including, inter alia, increases and decreases in capital, distribution of profit, transactions involving own equity instruments, equity-instrument-based payments, transfers between equity items and any other increases or decreases in consolidated equity.</span></div></div></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i1fd71ec47972483b870becffe4384d93"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">ab) Consolidated statement of cash flows</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The following terms are used in the consolidated statements of cash flows with the meanings specified:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Cash flows: inflows and outflows of cash and cash equivalents, which are short-term, highly liquid investments that are subject to an insignificant risk of changes in value, irrespective of the portfolio in which they are classified.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander classifies as cash and cash equivalents the balances recognised under 'Cash, cash balances at central banks' and 'Other deposits on demand' in the consolidated balance sheet.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Operating activities: the principal revenue-producing activities of credit institutions and other activities that are not investing or financing activities.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Investing activities: the acquisition or disposal of long-term assets and other investments not included in cash and cash equivalents.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Financing activities: activities that result in changes in the size and composition of the equity and liabilities that are not operating activities.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">During 2023 Grupo Santander received interest amounting to EUR 101,029 million (EUR 69,282 and EUR 48,081 in 2022 and 2021, respectively) and paid interest amounting to EUR 50,954 million (EUR 23,390 and EUR 12,738 in 2022 and 2021, respectively).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Also, dividends received and paid by the Group are detailed in notes 4, 28 and 40, including dividends paid to minority interests (non-controlling interests)</span></div>
CY2023	ifrs-full	Description Of Accounting Policy For Foreign Currency Translation Explanatory DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory	Foreign currency transactions<div style="margin-bottom:3pt"><span id="i4666bcf65f4142f09d968d390788a604"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:115%">i. Presentation currency</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Banco Santander’s functional and presentation currency is the euro. Also, the presentation currency of the Group is the euro.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ibebc4c3c5acd4c76b47cc564285d6315"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">ii. Translation of foreign currency balances</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Foreign currency balances are translated to euros in two consecutive stages:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Translation of foreign currency to the functional currency (currency of the main economic environment in which the entity operates).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Translation to euros of the balances held in the functional currencies of entities whose functional currency is not the euro.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i46c595c5786441dbb59a422c36c24b53"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">Translation of foreign currency to the functional currency</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Foreign currency transactions performed by consolidated entities (or entities accounted for using the equity method) not located in European Monetary Union (“EMU”) countries are initially recognised in their respective currencies. Monetary items in foreign currency are subsequently translated to their functional currencies using the closing rate.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Furthermore:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Non-monetary items measured at historical cost are translated to the functional currency at the exchange rate at the date of acquisition.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Non-monetary items measured at fair value are translated at the exchange rate at the date when the fair value was determined.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Income and expenses are translated at the average exchange rates for the year for all the transactions performed during the year. When applying this criterion, the Group considers whether there have been significant changes in the exchange rates in the year which, in view of their materiality with respect to the consolidated financial statements taken as a whole, would make it necessary to use the exchange rates at the transaction date rather than the aforementioned average exchange rates.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The balances arising from non-hedging forward foreign currency/foreign currency and foreign currency/euro purchase and sale transactions are translated at the closing rates prevailing in the forward foreign currency market for the related maturity.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i3060f01d3b4d40419753c48064a386e6"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">Translation of functional currencies to euros</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The balances in the financial statements of consolidated entities (or entities accounted for using the equity method) whose functional currency is not the euro are translated to euros as follows:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">-</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:3.76pt">Assets and liabilities, at the closing rates.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">-</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:3.76pt">Income and expenses, at the average exchange rates for the year.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">-</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:3.76pt">Equity items, at the historical exchange rates.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ie4c0fe8a00cc4d8a9f6851bff974b83a"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">iii. Recognition of exchange differences</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The exchange differences arising on the translation of foreign currency balances to the functional currency are generally recognised at their net amount under 'Exchange differences, net' in the consolidated income statement, except for exchange differences arising on financial instruments at fair value through profit or loss, which are recognised in the consolidated income statement without distinguishing them from other changes in fair value, and for exchange differences arising on non-monetary items measured at fair value through equity, which are recognised under 'Other comprehensive income–Items that may be reclassified to profit or loss–Exchange differences' except for exchange differences on equity instruments, where the option to irrevocably elect to be measured at fair value through changes in accumulated other comprehensive income, which are recognised in accumulated 'Other Comprehensive Income - Items not to be reclassified to profit or loss - Changes in fair value of equity instruments measured at fair value' through other comprehensive income (see note 29).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The exchange differences arising on the translation to euros of the financial statements denominated in functional currencies other than the euro are recognised in 'Other comprehensive income–Items that may be reclassified to profit or loss–Exchange differences' in the consolidated balance sheet, whereas those arising on the translation to euros of the financial statements of entities accounted for using the equity method are recognised in equity under 'Other comprehensive income–Items that may be reclassified to profit or loss and Items not reclassified to profit or loss–Other recognised income and expense' of investments in subsidiaries, joint ventures and associates (see note 29), until the related item is derecognised, at which time they are recognised in profit or loss.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Exchange differences arising on actuarial gains or losses when converting to euros the financial statements denominated in the functional currencies of entities whose functional currency is different from the euro are recognised under equity 'Other comprehensive income–Items not reclassified to profit or loss–Actuarial gains or (-) losses' on defined benefit pension plans (see note 29).</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="id1661448c369449a92c9ecbc1122cbfe"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">iv. Entities located in hyperinflationary economies</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">When a subsidiary operates in a country with hyperinflationary economy, IAS 29 Financial Information in Hyperinflationary Economies is applied, which means that:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Historical cost of non-monetary assets and liabilities and of the various items of equity have to be adjusted to reflect the changes in the purchasing power of the currency due to inflation from their date of acquisition or incorporation into the consolidated balance sheet.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">The different items of the income statement are adjusted by the inflationary index since their generation, with a balancing entry in 'Other comprehensive income'.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">The loss on the net monetary position is recorded in the income for the year against 'Accumulated Other comprehensive income'.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">All components of the financial statements of the subsidiary are translated at the closing exchange rate.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The deterioration of the economic situation in Argentina over the last years caused, among other impacts, a significant increase in inflation, which by the end of 2018 had reached 48% per year (147% accumulated in three years). This led the Group to conclude that it was necessary to apply IAS 29 Financial Information in Hyperinflationary Economies to its activities in the country in question in its consolidated financial statements from that year on.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Inflation during 2023, to the national consumer price index published by the National Statistics and Census Institute, wa</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">s 211.2% for the year </span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">(94.8% at 31 December 2022). The exchange rate at 31 December 2023 has been of </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">893.63 </span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Argentine peso</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">s pe</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">r euro (189.12 Argentine pesos per euro at 31 December 2022).</span></div><div style="margin-bottom:9pt;margin-top:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At 31 December 2023, no other country in which the consolidated and associated entities of Grupo Santander are located is considered to have a hyperinflati</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">onary economy in accordance with the criteria establ</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">ished in this regard by the International Financial Reporting Standards adopted by the European Union. </span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i359b2324b2a34f75bc93a6bf894a887f"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">v. Exposure to foreign currency risk</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander hedges a portion of its long-term foreign currency positions using foreign exchange derivative financial instruments (see note 36). Also, the Group manages foreign exchange risk dynamically by hedging its short-term position (with a potential impact on profit or loss) in order to limit the impact of currency depreciations while optimising the cost of financing the hedges.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The following tables show the sensitivity of the consolidated income statement and consolidated equity to percentage changes of ± 1% in the foreign exchange rate positions arising from investments in Grupo Santander companies with currencies other than the euro (with its hedges) and in their results (with its hedges), in which the Group maintains significant balances.</span></div></div></div><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The estimated effect on the consolidated equity attributable to Grupo Santander and on consolidated profit and loss account of a 1% appreciation of the euro against the corresponding currency is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:20.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.250%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="9" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Effect on <br/>consolidated equity</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="9" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Effect on <br/>consolidated profit</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Currency</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US dollar</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(136.9)</span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(146.0)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(133.3)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.4)</span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4.4)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8.6)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Chilean peso</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(35.3)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14.8)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11.4)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.3)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.0)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.4)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pound sterling</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(79.1)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(94.7)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(105.9)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.1)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.5)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.3)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mexican peso</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(36.4)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(27.7)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(23.1)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.1)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.0)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.9)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazilian real</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(175.7)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(100.1)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(80.8)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6.5)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5.9)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(15.4)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Polish zloty</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(48.8)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(19.8)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(27.5)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.3)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.1)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Argentine peso</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7.5)</span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(17.1)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10.7)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4.2)</span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.1)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.5)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Similarly, the estimated effect on the Group’s consolidated equity and on consolidated profit and loss account of a 1% depreciation of the euro against the corresponding currency is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:20.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.250%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="9" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Effect on <br/>consolidated equity</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="9" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Effect on <br/>consolidated profit</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Currency</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US dollar</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">139.7 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">148.9 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">136.0 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.4 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.5 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.8 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Chilean peso</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36.0 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15.1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.6 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.3 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.4 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pound sterling</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">80.7 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">96.7 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">108.0 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.1 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mexican peso</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">37.1 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28.2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23.6 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.1 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.0 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.9 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazilian real</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">179.3 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">102.1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">82.4 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.6 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.0 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15.7 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Polish </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">zloty</span></div></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49.8 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20.2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28.0 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.4 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Argentine peso</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.7 </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17.4 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.0 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.2 </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.2 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.6 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The above data were obtained as follows:</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">a) Effect on consolidated equity: in accordance with the accounting policy detailed in note 2.a.iii, foreign exchange rate impact arising on the translation to euros of the financial statements in the functional currencies of the Group entities whose functional currency is not the euro are recognised in consolidated equity. The potential effect that a change in the exchange rates of the related currency would have on the Group’s consolidated equity was therefore determined by applying the aforementioned change to the net value of each unit’s assets and liabilities -including, where appropriate, the related goodwill- and by taking into consideration the offsetting effect of the hedges of net investments in foreign operations.</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">b) Effect on consolidated profit: the effect was determined by applying the up and down movements in the average exchange rates of the year, as indicated in note 2.a.ii (except in the case of Argentina, which is a hyperinflationary economy and has applied the closing exchange rate), to translate to euros the income and expenses of the consolidated entities whose functional currency is not the euro, taking into consideration, where appropriate, the offsetting effect of the various hedging transactions in place.</span></div></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The estimates used to obtain the foregoing data were performed considering the effects of the changes in the exchange rate in standalone basis not considering the effect of the performance of other variables whose changes would affect equity and profit or loss, such as variations in the interest rates of the reference currencies or other market factors. Accordingly, all variables other than the exchange rate variations were kept constant with respect to their positions at 31 December 2023, 2022 and 2021.</span></div>
CY2023	san	Foreign Currency Translations Number Of Stages ForeignCurrencyTranslationsNumberOfStages	2	stage
CY2018	san	Inflation Rate InflationRate	0.48
	san	Inflation Rate InflationRate	1.47
CY2023	san	Inflation Rate InflationRate	2.112
CY2022	san	Inflation Rate InflationRate	0.948
CY2023Q4	ifrs-full	Closing Foreign Exchange Rate ClosingForeignExchangeRate	893.63
CY2022Q4	ifrs-full	Closing Foreign Exchange Rate ClosingForeignExchangeRate	189.12
CY2023Q4	san	Percentage Of Reasonably Possible Appreciation Of Entitys Functional Currency PercentageOfReasonablyPossibleAppreciationOfEntitysFunctionalCurrency	0.01
CY2023Q4	san	Percentage Of Reasonably Possible Depreciation Of Entitys Functional Currency PercentageOfReasonablyPossibleDepreciationOfEntitysFunctionalCurrency	0.01
CY2023	ifrs-full	Description Of Accounting Policy For Financial Instruments Explanatory DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory	lassification of financial instruments<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The following transactions are not treated for accounting purposes as financial instruments:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Investments in associates and joint ventures (see note 13).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Rights and obligations under employee benefit plans (see note 25).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Rights and obligations under insurance contracts (see note 15).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Contracts and obligations relating to employee remuneration based on own equity instruments (see note 34).</span></div><div style="margin-bottom:3pt;margin-top:6pt"><span id="i74c0639bf1d2408290bbbbba1f9648ac"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">i. Classification of financial assets for measurement purposes</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Financial assets are initially classified into the various categories used for management and measurement purposes, unless they have to be presented as 'Non-current assets held for sale' or they relate to 'Cash, cash balances at central banks and other deposits on demand', 'Changes in the fair value of hedged items in portfolio hedges of interest rate risk (asset side)', 'Hedging derivatives and Investments', which are reported separately.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Classification of financial instruments: the classification criteria for financial assets depends on the business model for their management and the characteristics of their contractual flows.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander business models refer to the way in which it manages its financial assets to generate cash flows. In defining these models, the Group takes into account the following factors:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">How key entity staff are assessed and reported on the performance of the business model and the financial assets held in the business model.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The risks that affect the performance of the business model (and the financial assets held in the business model) and, specifically, the way in which these risks are managed.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">How business managers are remunerated.</span></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The frequency, the calendar and volume of sales in previous years, as well as expectations of future sales and the reasons of the sales.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The analysis of the characteristics of the contractual flows of financial assets requires an assessment of the congruence of these flows with a basic loan agreement. The Group determines if the contractual cash flows of its financial assets that are only principal and interest payments on the outstanding principal amount at the beginning of the transaction. This analysis takes into consideration four factors (performance, clauses, contractually linked products and currencies). Furthermore, among the most significant judgements used by the Group in carrying out this analysis, the following ones are included:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The return on the financial asset, in particular in cases of periodic interest rate adjustments where the term of the reference rate does not coincide with the frequency of the adjustment. In these cases, an assessment is made to determine whether or not the contractual cash flows differ significantly from the flows without this change in the time value of money, establishing a tolerance level of 5%.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">When contractual clauses that may modify the cash flows of the financial asset exist, the structure of the cash flows before and after the activation of such clauses is analysed, regardless of the probability of occurrence of the contingent event. The evaluation of contractual flows of financial assets with characteristics associated with ESG is included in this analysis. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Financial assets whose cash flows have different priority for payment due to a contractual link to underlying assets (e.g. securitisations) require a look-through analysis by the Group so as to review that both the financial asset and the underlying assets are only principal and interest payments and that the exposure to credit risk of the set of underlying assets belonging to the tranche analysed is less than or equal to the exposure to credit risk of the set of underlying assets of the instrument.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Depending on these factors, the asset can be measured at amortised cost, at fair value with changes in other comprehensive income, or at fair value with changes through profit and loss. IFRS 9 also establishes an option to designate an instrument at fair value with changes in profit or loss, when doing so eliminates or significantly reduces a measurement or recognition inconsistency (sometimes referred to as 'accounting asymmetry') that would otherwise arise from measuring assets or liabilities or recognising gains and losses on different bases.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander uses the following criteria for the classification of the financial debt instruments:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Amortised cost: financial instruments under a business model whose objective is to collect principal and interest flows, over which there is no significant unjustified sales and fair value is not a key element in the management of these assets and contractual conditions they give rise to cash flows on specific dates, which are only payments of principal and interest on the outstanding principal amount. In this sense, unjustified sales are considered to be those other than those related to an increase in the credit risk of the asset, unanticipated funding needs (stress case scenarios). Additionally, the characteristics of its contractual flows represent substantially a 'basic financing agreement'.</span></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Fair value with changes in other comprehensive income: financial instruments held in a business model whose objective is to collect principal and interest cash flows and the sale of these assets, where fair value is a key factor in their management. Additionally, the contractual cash flow characteristics substantially represent a 'basic financing agreement'.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Fair value with changes in profit or loss: financial instruments included in a business model whose objective is not obtained through the above mentioned models, where fair value is a key factor in managing of these assets, and financial instruments whose contractual cash flow characteristics do not substantially represent a 'basic financing agreement'. In this section it can be enclosed the portfolios classified under 'Financial assets held for trading', 'Non-trading financial assets mandatorily at fair value through profit or loss' and 'Financial assets at fair value through profit or loss'. In this regard, most of the financial assets presented in the category of 'Financial assets designated at value reasonable with change in results' are instruments financial services that, not being part of the portfolio of negotiation, are contracted jointly with other financial instruments that are recorded in the category of 'held for trading', and that by both are recorded at fair value with changes in results, so your record in any other category would produce accounting asymmetries.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Equity instruments will be classified at fair value under IFRS 9, with changes in profit or loss, unless the Group decides, for non-trading assets, to classify them at fair value with changes in other comprehensive income (irrevocably) at initial recognition.</span></div><div style="margin-bottom:3pt;margin-top:6pt"><span id="iac76aebffd7242a5942ae61316456044"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">ii. Classification of financial assets for presentation purposes</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Financial assets are classified by nature into the following items in the consolidated balance sheet:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Cash, cash balances at Central Banks and other deposits on demand: cash balances and balances receivable on demand relating to deposits with central banks and credit institutions.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Loans and advances: includes the debit balances of all credit and loans granted by the Group, other than those represented by securities, as well as finance lease receivables and other debit balances of a financial nature in favour of the Group such as cheques drawn on credit institutions, balances receivable from clearing houses and settlement agencies for transactions on the stock exchange and organised markets, bonds given in cash, capital calls, fees and commissions receivable for financial guarantees and debit balances arising from transactions not originating in banking transactions and services, such as the collection of rentals and similar items. They are classified, on the basis of the institutional sector to which the debtor belongs, into:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Central banks: credit of any nature, including deposits and money market transactions received from the Bank of Spain or other central banks.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Credit institutions: credit of any nature, including deposits and money market transactions, in the name of credit institutions.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Customers: includes the remaining credit, including money market transactions through central counterparties.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Debt securities: bonds and other securities that represent a debt for their issuer, that generate an interest return, and that are in the form of certificates or book entries.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Equity instruments: financial instruments issued by other entities, such as shares, which have the nature of equity instruments for the issuer, other than investments in subsidiaries, joint ventures or associates. Investment fund units are included in this item.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Derivatives: includes the fair value in favour of the Group of derivatives which do not form part of hedge accounting, including embedded derivatives separated from hybrid financial instruments.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Repurchase agreements and reverse repurchase agreements: Purchases of financial instruments under a non-optional resale (repurchase) agreement at a fixed price (repos) are recognised in the consolidated balance sheet as financing granted, based on the nature of the debtor, under 'Loans and advances with central banks', 'Loans and advances to credit institutions' or 'Loans and advances to customers. Differences between the purchase and sale prices are recognised as interest over the contract term.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Changes in the fair value of hedged items in portfolio hedges of interest rate risk: this item is the balancing entry for the amounts credited to the consolidated income statement in respect of the measurement of the portfolios of financial instruments which are effectively hedged against interest rate risk through fair value hedging derivatives. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Hedging derivatives: Includes the fair value in favour of the Group of derivatives, including embedded derivatives separated from hybrid financial instruments, designated as hedging instruments in hedge accounting.</span></div><div style="margin-bottom:3pt;margin-top:6pt"><span id="i6f7631ac7ec846f182f2361af5cca4a1"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">iii. Classification of financial liabilities for measurement purposes</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Financial liabilities are initially classified into the various categories used for management and measurement purposes, unless they have to be presented as 'Liabilities associated with non-current assets held for sale' or they relate to 'Hedging derivatives' or changes in the fair value of hedged items in portfolio hedges of interest rate risk (liability side), which are reported separately.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In most cases, changes in the fair value of financial liabilities designated at fair value through profit or loss, caused by the entity's credit risk, are recognized in other comprehensive income.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Financial liabilities are included for measurement purposes in one of the following categories:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Financial liabilities held for trading (at fair value through profit or loss): this category includes financial liabilities incurred for the purpose of generating a profit in the near term from fluctuations in their prices, financial derivatives not designated as hedging instruments, and financial liabilities arising from the outright sale of financial assets acquired under reverse repurchase agreements (“reverse repos”) or borrowed (short positions).</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Financial liabilities designated at fair value through profit or loss: financial liabilities are included in this category when they provide more relevant information, either because this eliminates or significantly reduces recognition or measurement inconsistencies (accounting mismatches) that would otherwise arise from measuring assets or liabilities or recognising the gains or losses on them on different bases, or because a group of financial liabilities or financial assets and liabilities is managed and its performance is evaluated on a fair value basis, in accordance with a documented risk management or investment strategy, and information about the group is provided on that basis to the Group’s key management personnel. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Liabilities may only be included in this category on the date when they are incurred or originated.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Financial liabilities at amortised cost: financial liabilities, irrespective of their instrumentation and maturity, not included in any of the above-mentioned categories which arise from the ordinary borrowing activities carried on by financial institutions.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i22941653c4ce4a539109b24085f76a2d"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">iv. Classification of financial liabilities for presentation purposes</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Financial liabilities are classified by nature into the following items in the consolidated balance sheet:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Deposits: includes all repayable balances received in cash by Grupo Santander, other than those instrumented as marketable securities and those having the substance of subordinated liabilities (amount of the loans received, which for credit priority purposes are after common creditors), except for the debt instruments. This item also includes cash bonds and cash consignments received the amount of which may be invested without restriction. Deposits are classified on the basis of the creditor’s institutional sector into:</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Central banks: deposits of any nature, including credit received and money market transactions received from the Bank of Spain or other central banks.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Credit institutions: deposits of any nature, including credit received and money market transactions in the name of credit institutions.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Customer: includes the remaining deposits, including money market transactions through central counterparties.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">During the 2019 financial year, the European Central Bank announced a new program of longer-term financing operations with a specific objective (TLTRO III), which included special conditions, including a reduction in the interest rate applicable between June 2020 and June 2022 subject to compliance with a certain volume of eligible loans.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander chose to accrue interest in accordance with the specific periods of adjustment to market rates, so that the interest corresponding to said period (-1%) has been recorded in the income statement from June 2020 to June 2022, having met the computable loan threshold that gave rise to the extra rate on that date.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Subsequently, and as a result of the modifications introduced by the European Central Bank in the conditions of the program, which include changes in its interest rates, the Group has updated the effective interest rate at which interest accrues on said financial liability, maintaining the criterion adopted in previous years, and considering said modifications a change in the variable interest rate (which affects the EIR) and is applied prospectively.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Marketable debt securities: includes the amount of bonds and other debt represented by marketable securities, other than those having the substance of subordinated liabilities (amount of the loans received, which for credit priority purposes are after common creditors, and includes the amount of the financial instruments issued by the Group which, having the legal nature of capital, do not meet the requirements to qualify as equity, such as certain preferred shares issued). This item includes the component that has the consideration of financial liability of the securities issued that are compound financial instruments.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Derivatives: includes the fair value, with a negative balance for the Group, of derivatives, including embedded derivatives separated from the host contract, which do not form part of hedge accounting.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Short positions: includes the amount of financial liabilities arising from the outright sale of financial assets acquired under reverse repurchase agreements or borrowed.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Other financial liabilities: includes the amount of payment obligations having the nature of financial liabilities not included in other items (includes, among others, the balance of lease liabilities), and liabilities under financial guarantee contracts, unless they have been classified as non-performing.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Repurchase agreements and reverse repurchase agreements: Sales of financial instruments under a non-optional resale (repurchase) agreement at a fixed price (repos) are recognised in the consolidated balance sheet as financing received, based on the nature of the creditor, under 'Deposits from central banks', 'Deposits from credit institutions' or 'Customer deposits'. Differences between the purchase and sale prices are recognised as interest over the contract term.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Changes in the fair value of hedged items in portfolio hedges of interest rate risk: this item is the balancing entry for the amounts charged to the consolidated income statement in respect of the measurement of the portfolios of financial instruments which are effectively hedged against interest rate risk through fair value hedging derivatives.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Hedging derivatives: includes the fair value of the Group’s liability in respect of derivatives, including embedded derivatives separated from hybrid financial instruments, designated as hedging instruments in hedge accounting.</span></div></div></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:3.44pt">The preference shares contingently convertible into ordinary shares eligible as Additional Tier 1 capital (PPCC) -perpetual shares, which may be repurchased by the issuer in certain circumstances, the interest on which is discretionary, and would convert into variable number of newly issued ordinary shares if the capital ratio of the Bank or its consolidated group falls below a given percentage (trigger event), as those two terms are defined in the related issue prospectuses are recognised for accounting purposes by the Group as compound instruments. The liability component reflects the issuer’s obligation to deliver a variable number of shares and the equity component reflects the issuer’s discretion in relation to the payment of the related coupons. In order to effect the initial allocation, the Group estimates the fair value of the liability as the amount that would have to be delivered if the trigger event were to occur immediately and, accordingly, the equity component, calculated as the residual amount, is zero. In view of the aforementioned discretionary nature of the payment of the coupons, they are deducted directly from equity.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Capital perpetual preference shares (PPCA), with the possibility of purchase by the issuer in certain circumstances, whose remuneration is discretionary, and which will be amortised permanently, totally or partially, in the event that the bank or its consolidated group submits a capital ratio lesser than a certain percentage (trigger event), as defined in the corresponding prospectuses, are accounted for by the Group as equity instruments.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Derivatives embedded in other financial instruments or in other host contracts are accounted for separately as derivatives if their risks and characteristics are not closely related to those of the host contracts, provided that the host contracts are not classified as financial assets/liabilities designated at fair value through profit or loss or as 'Financial assets/liabilities held for trading'.</span></div>
CY2023	ifrs-full	Description Of Accounting Policy For Fair Value Measurement Explanatory DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory	Measurement of financial assets and liabilities and recognition of fair value changes<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In general, financial assets and liabilities are initially recognised at fair value which, in the absence of evidence to the contrary, is deemed to be the transaction price. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In this regard, IFRS 9 states that regular way purchases or sales of financial assets shall be recognised and derecognised on the trade date or on the settlement date. Grupo Santander has opted to make such recognition on the trading date or settlement date, depending on the convention of each of the markets in which the transactions are carried out. For example, in relation to the purchase or sale of debt securities or equity instruments traded in the Spanish market, securities market regulations stipulate their effective transfer at the time of settlement and, therefore, the same time has been established for the accounting record to be made.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The fair value of instruments not measured at fair value through profit and loss is adjusted by transaction costs. Subsequently, and on the occasion of each accounting close, they are valued in accordance with the following criteria:</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i1daeab3e51f34b3c8b5b34de88e2d049"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">i. Measurement of financial assets</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Financial assets are measured at fair value are valued mainly at their fair value without deducting any transaction cost for their sale.</span></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The fair value of a financial instrument on a given date is taken to be the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. The most objective and common reference for the fair value of a financial instrument is the price that would be paid for it on an active, transparent and deep market (quoted price or market price). At 31 December 2023, there were no significant investments in quoted financial instruments that had ceased to be recognised at their quoted price because their market could not be deemed to be active.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">If there is no market price for a given financial instrument, its fair value is estimated on the basis of the price established in recent transactions involving similar instruments and, in the absence thereof, of valuation techniques commonly used by the international financial community, taking into account the specific features of the instrument to be measured and, particularly, the various types of risk associated with it.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">All derivatives are recognised in the balance sheet at fair value from the trade date. If the fair value is positive, they are recognised as an asset and if the fair value is negative, they are recognised as a liability. The fair value on the trade date is deemed, in the absence of evidence to the contrary, to be the transaction price. The changes in the fair value of derivatives from the trade date are recorded in the consolidated income statement. Specifically, the fair value of financial derivatives traded in organised markets included in the portfolios of financial assets or liabilities held for trading is deemed to be their daily quoted price and if, for exceptional reasons, the quoted price cannot be determined on a given date, these financial derivatives are measured using methods similar to those used to measure derivatives.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The fair value of derivatives is taken to be the sum of the future cash flows arising from the instrument, discounted to present value at the date of measurement (present value or theoretical close) using valuation techniques commonly used by the financial markets: net present value, option pricing models and other methods.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The amount of debt securities and loans and advances under a business model whose objective is to collect the principal and interest flows are valued at their amortised cost, as long as they comply with the 'SPPI' (Solely Payments of Principal and Interest) test, using the effective interest rate method in their determination. Amortised cost refers to the acquisition cost of a corrected financial asset or liability (more or less, as the case may be) for repayments of principal and the part systematically charged to the consolidated income statement of the difference between the initial cost and the corresponding reimbursement value at expiration. In the case of financial assets, the amortised cost includes, in addition, the corrections to their value due to the impairment. In the loans and advances covered in fair value hedging transactions, the changes that occur in their fair value related to the risk or the risks covered in these hedging transactions are recorded.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The effective interest rate is the discount rate that exactly matches the carrying amount of a financial instrument to all its estimated cash flows of all kinds over its remaining life. </span></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">For fixed rate financial instruments, the effective interest rate coincides with the contractual interest rate established on the acquisition date plus, where applicable, the fees and transaction costs that, because of their nature, form part of their financial return. In the case of floating rate financial instruments, the effective interest rate coincides with the rate of return prevailing in all connections until the next benchmark interest reset date.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Equity instruments and contracts related with these instruments are measured at fair value. However, in certain circumstances the Group estimates cost value as a suitable estimate of the fair value. This can happen if the recent event available information is not enough to measure the fair value or if there is a broad range of possible measures and the cost value represents the best estimates of fair value within this range.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The amounts at which the financial assets are recognised represent, in all material respects, the Group’s maximum exposure to credit risk at each reporting date. Also, Grupo Santander has received collateral and other credit enhancements to mitigate its exposure to credit risk, which consist mainly of mortgage guarantees, cash collateral, equity instruments and personal security, assets leased out under finance lease and full-service lease agreements, assets acquired under repurchase agreements, securities loans and credit derivatives.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="iad7571d7f18c480487c534afc313378b"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">ii. Measurement of financial liabilities</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In general, financial liabilities are measured at amortised cost, as defined above, except for those included under 'Financial liabilities held for trading' and 'Financial liabilities designated at fair value through profit or loss' and financial liabilities designated as hedged items (or hedging instruments) in fair value hedges, which are measured at fair value. The changes in credit risk arising from financial liabilities designated at fair value through profit or loss are recognised in accumulated other comprehensive income, unless they generate or increase an accounting mismatch, in which case changes in the fair value of the financial liability in all respects are recognised in the income statement.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="ie2fa1ccca81249dba678291f7cb8d812"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">iii. Valuation techniques</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The financial instruments at fair value determined on the basis of published price quotations in active markets (level 1) include government debt securities, private-sector debt securities, derivatives traded in organised markets, securitised assets, shares, short positions and fixed-income securities issued.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In cases where price quotations cannot be observed, management makes its best estimate of the price that the market would set, using its own internal models, described in note 50.c. In most cases, these internal models use data based on observable market parameters as significant inputs (level 2) and, in cases, they use significant inputs not observable in market data (level 3). In order to make these estimates, various techniques are employed, including the extrapolation of observable market data. The best evidence of the fair value of a financial instrument on initial recognition is the transaction price, unless the fair value of the instrument can be obtained from other market transactions performed with the same or similar instruments or can be measured by using a valuation technique in which the variables used include only observable market data, mainly interest rates.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt"><span id="i29b6d81ab4b044f1a0e44076285adc3c"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">iv. Recognition of fair value changes</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">As a general rule, changes in the carrying amount of financial assets and liabilities are recognised in the consolidated income statement. A distinction is made between the changes resulting from the accrual of interest and similar items, (which are recognised under Interest income or Interest expense, as appropriate), and those arising for other reasons, which are recognised at their net amount under 'Gains/losses on financial assets and liabilities'.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Adjustments due to changes in fair value arising from:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">'Financial assets at fair value with changes in other comprehensive income' are recorded temporarily, in the case of debt instruments in 'Other comprehensive income - Elements that can be reclassified to profit or loss - Financial assets at fair value with changes in other comprehensive income', while in the case of equity instruments are recorded in 'other comprehensive income - Elements that will not be reclassified to line item - Changes in the fair value of equity instruments valued at fair value with changes in other comprehensive income'. </span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Exchange differences on debt instruments measured at fair value with changes in other comprehensive income are recognised under 'Exchange Differences, net' of the consolidated income statement. Exchange differences on equity instruments, in which the irrevocable option of being measured at fair value with changes in other comprehensive income has been chosen, are recognised in 'Other comprehensive income - Items that will not be reclassified to profit or loss - Changes in the fair value of equity instruments measured at fair value with changes in other comprehensive income'.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Items charged or credited to 'Items that may be reclassified to profit or loss – Financial assets at fair value through other comprehensive income' and 'Other comprehensive income – Items that may be reclassified to profit or loss – Exchange differences in equity' remain in the Group's consolidated equity until the asset giving rise to them is impaired or derecognised, at which time they are recognised in the consolidated income statement.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Unrealized capital gains on financial assets at fair value through other comprehensive income classified as 'Non-current assets held for sale' because they form part of a disposal group or a discontinued operation that are recorded in the equity balancing entry 'Other accumulated comprehensive income - Items that can be reclassified in income - Non-current assets as held for sale.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i0bb49e7cd7ab4acdbcebda3d8a3a3b05"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">v. Hedging transactions</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The consolidated entities use financial derivatives for the following purposes: i) to facilitate these instruments to customers who request them in the management of their market and credit risks; ii) to use these derivatives in the management of the risks of the Group entities’ own positions and assets and liabilities (hedging derivatives); and iii) to obtain gains from changes in the prices of these derivatives (derivatives).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Financial derivatives that do not qualify for hedge accounting are treated for accounting purposes as trading derivatives. </span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Additionally, certain financial assets and liabilities can be designated as hedging instruments to cover exchange rate risk.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">A derivative qualifies for hedge accounting if all the following conditions are met:</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">1. The derivative hedges one of the following three types of exposure:</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">a.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:4.57pt">Changes in the fair value of assets and liabilities, as well as firm commitments, due to fluctuations, among others, in the interest rate and/or exchange rate to which the position or balance to be hedged is subject (fair value hedge).</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">b.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:4.25pt">Changes in the estimated cash flows arising from assets and liabilities, commitments and highly probable forecast transactions (cash flow hedge).</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">c.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:5.2pt">The net investment in a foreign operation (hedge of a net investment in a foreign operation).</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">2. It is effective in offsetting exposure inherent in the hedged item or position throughout the expected term of the hedge, which means that:</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">a.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:4.57pt">At the date of arrangement the hedge is expected, under normal conditions, to be highly effective (prospective effectiveness).</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">b.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:4.25pt">There is sufficient evidence that the hedge was actually effective during the whole life of the hedged item or position (retrospective effectiveness). To this end, the Group checks that the results of the hedge were within a range of 80% to 125% of the results of the hedged item.</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">3. There must be adequate documentation evidencing the specific designation of the financial derivative to hedge certain balances or transactions and how this hedge was expected to be achieved and measured, provided that this is consistent with the Group’s management of own risks.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The changes in value of financial instruments qualifying for hedge accounting are recognised as follows:</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">a. In fair value hedges, the gains or losses arising on both the hedging instruments and the hedged items attributable to the type of risk being hedged are recognised directly in the consolidated income statement.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">b. In fair value hedges of interest rate risk on a portfolio of financial instruments, the gains or losses that arise on measuring the hedging instruments are recognised directly in the consolidated income statement, whereas the gains or losses due to changes in the fair value of the hedged amount (attributable to the hedged risk) are recognised in the consolidated income statement with a balancing entry under Changes in the fair value of hedged items in portfolio hedges of interest rate risk on the asset or liability side of the balance sheet, as appropriate.</span></div></div></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"> c. In cash flow hedges, the effective portion of the change in value of the hedging instrument is recognised temporarily in Other comprehensive income – under Items that may be reclassified to profit or loss – Hedging derivatives – Cash flow hedges (effective portion) until the covered element affects the results, when it is recognised in the consolidated income statement, unless, if the forecast transactions result in the recognition of non-financial assets or liabilities, it is included in the cost of the non-financial asset or liability.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">d. In hedges of a net investment in a foreign operation, the gains or losses attributable to the portion of the hedging instruments qualifying as an effective hedge are recognised temporarily in Other comprehensive income under Items that may be reclassified to profit or loss – Hedges of net investments in foreign operations until the gains or losses – on the hedged item are recognised in profit or loss.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">e. The ineffective portion of the gains or losses on the hedging instruments of cash flow hedges and hedges of a net investment in a foreign operation is recognised directly under 'Gains/losses on financial assets and liabilities (net)' in the consolidated income statement, in Gains or losses from hedge accounting, net.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">If a derivative designated as a hedge no longer meets the requirements described above due to expiration, ineffectiveness or for any other reason, the derivative is classified for accounting purposes as a trading derivative.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">When fair value hedge accounting is discontinued, the adjustments previously recognised on the hedged item are amortised to profit or loss at the effective interest rate recalculated at the date of hedge discontinuation. The adjustments must be fully amortised at maturity.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">When cash flow hedge accounting is discontinued, any cumulative gain or loss on the hedging instrument recognised in equity under other comprehensive income 'Items that may be reclassified to profit or loss' (from the period when the hedge was effective) remains in this equity item until the forecast transaction occurs, at which time it is recognised in profit or loss, unless the transaction is no longer expected to occur, in which case the cumulative gain or loss is recognised immediately in profit or loss.</span></div>
CY2023	ifrs-full	Description Of Accounting Policy For Derecognition Of Financial Instruments Explanatory DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory	Derecognition of financial assets and liabilities<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The accounting treatment of transfers of financial assets depends on the extent to which the risks and rewards associated with the transferred assets are transferred to third parties:</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">1. If the Group transfers substantially all the risks and rewards to third parties unconditional -sale of financial assets, sale of financial assets under an agreement to repurchase them at their fair value at the date of repurchase, sale of financial assets with a purchased call option or written put option that is deeply out of the money, securitisation of assets in which the transferor does not retain a subordinated debt or grant any credit enhancement to the new holders, and other similar cases-, the transferred financial asset is derecognised and any rights or obligations retained or created in the transfer are recognised simultaneously.</span></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">2. If the Group retains substantially all the risks and rewards associated with the transferred financial asset -sale of financial assets under an agreement to repurchase them at a fixed price or at the sale price plus interest, a securities lending agreement in which the borrower undertakes to return the same or similar assets, and other similar cases-, the transferred financial asset is not derecognised and continues to be measured by the same criteria as those used before the transfer. However, the following items are recognised:</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">a.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:4.57pt">An associated financial liability, which is recognised for an amount equal to the consideration received and is subsequently measured at amortised cost, unless it meets the requirements for classification under 'Financial liabilities designated at fair value through profit or loss'.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">b.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:4.25pt">The income from the transferred financial asset not derecognised and any expense incurred on the new financial liability, without offsetting.</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">3. If the Group neither transfers nor retains substantially all the risks and rewards associated with the transferred financial asset -sale of financial assets with a purchased call option or written put option that is not deeply in or out of the money, securitisation of assets in which the transferor retains a subordinated debt or other type of credit enhancement for a portion of the transferred asset, and other similar cases- the following distinction is made:</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">a.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:4.57pt">If the transferor does not retain control of the transferred financial asset, the asset is derecognised and any rights or obligations retained or created in the transfer are recognised.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">b.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:4.25pt">If the transferor retains control of the transferred financial asset, it continues to recognise it for an amount equal to its exposure to changes in value and recognises a financial liability associated with the transferred financial asset. The net carrying amount of the transferred asset and the associated liability is the amortised cost of the rights and obligations retained, if the transferred asset is measured at amortised cost, or the fair value of the rights and obligations retained, if the transferred asset is measured at fair value.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Accordingly, financial assets are only derecognised when the rights to the cash flows they generate have expired or when substantially all the inherent risks and rewards have been transferred to third parties. Similarly, financial liabilities are only derecognised when the obligations they generate have been extinguished or when they are acquired with the intention either to cancel them or to resell them.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Regarding contractual modifications of financial assets, Grupo Santander has differentiated them into two main categories in relation to the conditions under which a modification leads to the disposal of the financial asset (and the recognition of a new financial asset) and those under which the accounting of the original financial instrument with the modified terms is maintained:</span></div></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Contractual modifications for commercial or market reasons, which are generally carried out at the request of the debtor to apply current market conditions to the debt. The new contract is considered a new transaction and, consequently, it is necessary to derecognize the original financial asset and recognize a new financial asset subject to the classification and measurement requirements established by IFRS 9. The new financial asset will be recorded at fair value and, if applicable, the difference between the carrying amount of the asset derecognized and the fair value of the new asset will be recognized in profit or loss.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Modifications due to refinancing or restructuring, in which the payment conditions are modified to allow a customer that is experiencing financial difficulties (current or foreseeable) to meet its payment obligations and that, if such modification had not been made, it would be reasonably certain that it would not be able to meet such payment obligations. In this case, the modification does not result in the derecognition of the financial asset, but rather the original financial asset is maintained and does not require a new assessment of its classification and measurement. When assessing credit impairment, the current credit risk (considering the modified cash flows) should be compared with the credit risk at initial recognition. The gross carrying amount of the financial asset (the present value of the renegotiated or modified contractual cash flows that are discounted at the original effective interest rate of the financial asset) should be recalculated, with a gain or loss recognized in profit or loss for the difference.</span></div>
CY2023	ifrs-full	Description Of Accounting Policy For Offsetting Of Financial Instruments Explanatory DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory	Offsetting of financial instruments<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Financial asset and liability balances are offset, i.e. reported in the consolidated balance sheet at their net amount, only if the Group entities currently have a legally enforceable right to set off the recognised amounts and intend either to settle on a net basis, or to realise the asset and settle the liability simultaneously.</span></div>
CY2023	ifrs-full	Description Of Accounting Policy For Impairment Of Financial Assets Explanatory DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory	Impairment of financial assets<div style="margin-bottom:3pt;margin-top:6pt"><span id="i6da443871ee2462cba24126fb4704f32"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">i. Definition</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander associates an impairment in the value to financial assets measured at amortised cost, debt instruments measured at fair value with changes in other comprehensive income, lease receivables, assets from contracts and loan commitments and the financial guarantees issued that are not measured at fair value through profit or loss.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The impairment for expected credit losses is recorded with a charge to the consolidated income statement for the period in which the impairment arises. In the event of occurrence, the recoveries of previously recognised impairment losses are recorded in the consolidated income statement for the period in which the impairment no longer exists or is reduced.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In the case of purchased or originated credit-impaired assets, the Group only recognizes at the reporting date the changes in the expected credit losses during the life of the asset since the initial recognition as a credit loss. In the case of assets measured at fair value with changes in other comprehensive income, the changes in the fair value due to expected credit losses are charged in the consolidated income statement of the year where the change happened, reflecting the rest of the valuation in other comprehensive income.</span></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">As a rule, the expected credit loss is estimated as the difference between the contractual cash flows to be recovered and the expected cash flows discounted using the original effective interest rate. In the case of purchased or originated credit-impaired assets, this difference is discounted using the effective interest rate adjusted by credit rating.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Depending on the classification of financial instruments, which is mentioned in the following sections, the expected credit losses may be along 12 months or during the life of the financial instrument:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">12-month expected credit losses: arising from the potential default events, as defined in the following sections that are estimated to be likely to occur within the 12 months following the reporting date. These losses will be associated with financial assets classified as 'normal risk' as defined in the following sections.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Expected credit losses over the life of the financial instrument: arising from the potential default events that are estimated to be likely to occur throughout the life of the financial instruments. These losses are associated with financial assets classified as 'normal risk under watchlist' or 'doubtful risk'.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">With the purpose of estimating the expected life of the financial instrument all the contractual terms have been taken into account (e.g. prepayments, duration, purchase options, etc.), being the contractual period (including extension options) the maximum period considered to measure the expected credit losses. In the case of financial instruments with an uncertain maturity period and a component of undrawn commitment (e.g.: credit cards), the expected life is estimated through quantitative analyses to determine the period during which the entity is exposed to credit risk, also considering the effectiveness of management procedures that mitigate such exposure (e.g. the ability to unilaterally cancel such financial instruments, etc.).</span></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The following constitute effective guarantees:</span></div><div style="margin-bottom:9pt;padding-left:9.07pt;text-indent:-9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">a) Mortgage guarantees on housing as long as they are first duly constituted and registered in favour of the entity. The properties include:</span></div><div style="margin-bottom:9pt;padding-left:18pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">i.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:4.6pt">Buildings and building elements, distinguishing among:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Houses.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Offices, stores and multi-purpose premises.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Rest of buildings such as non-multi-purpose premises and hotels.</span></div><div style="margin-bottom:9pt;padding-left:18pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">ii.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.47pt">Urban and developable ordered land.</span></div><div style="margin-bottom:9pt;padding-left:18pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">iii.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:0.34pt"> Rest of properties that classify as: buildings and building elements under construction, such as property development in progress and halted development, and the rest of land types, such as rustic lands.</span></div><div style="margin-bottom:9pt;padding-left:9.07pt;text-indent:-9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">b) Collateral guarantees on financial instruments in the form of cash deposits, debt securities or equity instruments issued by creditworthy issuers.</span></div><div style="margin-bottom:9pt;padding-left:9.07pt;text-indent:-9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">c) Other types of real guarantees, including properties received in guarantee and second and subsequent mortgages on properties, as long as the entity demonstrates its effectiveness. When assessing the effectiveness of the second and subsequent mortgages on properties the entity will implement particularly restrictive criteria. It will take into account, among others, whether the previous charges are in favour of the entity itself or not and the relationship between the risk guaranteed by them and the property value.</span></div><div style="margin-bottom:9pt;padding-left:9.07pt;text-indent:-9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">d) Personal guarantees, as well as the incorporation of new owners, covering the entire amount of the financial instruments and implying direct and joint liability to the entity of persons or other entities whose solvency is sufficiently proven to ensure the repayment of the loan on the agreed terms.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The different aspects that the Group considers for the evaluation of effective guarantees are set out below in relation to the individual analysis.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="id67757de6c764d65b207bfce3d9657b9"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">ii. Financial instruments presentation</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">For the purposes of estimating the impairment amount, and in accordance with its internal policies, the Group classifies its financial instruments (financial assets, commitments and guarantees) measured at amortised cost or fair value through other comprehensive income in one of the following categories:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Normal Risk ('stage 1'): includes all instruments that do not meet the requirements to be classified in the rest of the categories.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:119%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:119%;padding-left:2.93pt">Normal risk under watchlist ('stage 2'): includes all instruments that, without meeting the criteria for classification as doubtful or default risk, have experienced significant increases in credit risk since initial recognition.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In order to determine whether a financial instrument has increased its credit risk since initial recognition and is to be classified in stage 2, the Group considers the following criteria:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:18.653%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:79.147%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Quantitative criteria</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the risk of a default occurring through the expected life of the financial instrument are analysed and quantified with respect to its credit level in its initial recognition.<br/></span><span style="font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><br/></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">With the purpose of determining if such changes are considered as significant, with the consequent classification into stage 2, each Group unit has defined the quantitative thresholds to consider in each of its portfolios taking into account corporate guidelines ensuring a consistent interpretation in all units.<br/></span><span style="font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><br/></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Within the quantitative thresholds, two types are considered: A relative threshold is those that compare current credit quality with credit quality at the time of origination in percentage terms of change. In addition, an absolute threshold compares both references in total terms, calculating the difference between the two. These absolute/relative concepts are used homogeneously (with different values) in all geographies. The use of one type of threshold or another (or both) is determined in accordance with the process described in note 54, below, and is marked by the type of portfolio and characteristics such as the starting point of the average credit quality of the portfolio.</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Qualitative criteria</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:2pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:110%">In addition to the quantitative criteria indicated, various indicators are used that are aligned with those used by the Group in the normal management of credit risk. Irregular positions of more than 30 days and renewals are common criteria in all Group units. In addition, each unit can define other qualitative indicators, for each of its portfolios, according to the particularities and normal management practices in line with the policies currently in force (i.e. use of management alerts, etc.).<br/>The use of these qualitative criteria is complemented with the use of an expert judgement, under the corresponding governance.</span></div></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In the case of forbearances, instruments classified as 'normal risk under watchlist' may be generally reclassified to 'normal risk' in the following circumstances: at least two years have elapsed from the date of reclassification to that category or from its forbearance date, the client has paid the accrued principal and interest balance, and the client has no other instruments with more than 30 days past due balances.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Doubtful Risk ('stage 3'): includes financial instruments, overdue or not, in which, without meeting the circumstances to classify them in the category of default risk, there are reasonable doubts about their total repayment (principal and interests) by the client in the terms contractually agreed. Likewise, off-balance-sheet exposures whose payment is probable and their recovery doubtful are considered in stage 3. Within this category, two situations are differentiated:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Doubtful risk for non-performing loans: financial instruments, irrespective of the client and guarantee, with balances more than 90 consecutive days on material arrears for principal, interest or expenses contractually agreed. </span></div><div style="margin-bottom:9pt;padding-left:21.26pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">This category also includes all loan balances for a client when the operations with more than 90 consecutive days on material arrears are greater than 20% of the amounts pending collection. </span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:21.26pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">These instruments may be reclassified to other categories if, as a result of the collection of part of the past due balances, the reasons for their classification in this category do not remain and the client does not have balances more than 90 consecutive days on material arrears in other loans.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Doubtful risk for reasons other than non-performing loans: this category includes doubtful recovery financial instruments that are not more than 90 consecutive days on material arrears.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander considers that a financial instrument to be doubtful for reasons other than delinquency when one or more combined events have occurred with a negative impact on the estimated future cash flows of the financial instrument. To this end, the following indicators, among others, are considered:</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">a)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:3.98pt">Negative net equity or decrease because of losses of the client's net equity by at least 50% during the last financial year.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">b)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:3.66pt">Continued losses or significant decrease in revenue or, in general, in the client's recurring cash flows.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">c)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:4.61pt">Generalised delay in payments or insufficient cash flows to service debts.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">d)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:3.67pt">Significantly inadequate economic or financial structure or inability to obtain additional financing by the client.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">e)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:3.92pt">Existence of an internal or external credit rating showing that the client is in default.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">f)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:5.47pt">Existence of overdue customer commitments with a significant amount to public institutions or employees.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">These financial instruments may be reclassified to other categories if, as a result of an individualised study, reasonable doubts do not remain about the total repayment under the contractually agreed terms and the client does not have balances of 90 days on material arrears.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In the case of forbearances, instruments classified as doubtful risk may be reclassified to the category of 'normal risk under watchlist' when the following circumstances are present: a minimum period of one year has elapsed from the forbearance date, the client has paid the accrued principal and interest amounts, and the client has no other loan balances of 90 days on material arrears.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Default Risk: includes all financial assets, or part of them, for which, after an individualised analysis, their recovery is considered remote due to a notorious and irrecoverable deterioration of their solvency.</span></div><div style="margin-bottom:9pt;padding-left:9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In any event, except in the case of financial instruments with effective collateral covering a substantial portion of the transaction amount, the Group generally consider as remote the following:</span></div><div style="margin-bottom:9pt;padding-left:18pt;text-indent:-6.75pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">- Those operations that, after an individualized analysis, are categorized as unsustainable debt, assuming an irrecoverability of such debt.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:18pt;text-indent:-6.75pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">- Transactions classified as doubtful due to non-performing loans with recovery costs that exceed the amounts receivable.</span></div><div style="margin-bottom:9pt;padding-left:18pt;text-indent:-6.75pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">- The operations on which the award is executed. The queue of these operations shall be included under default risk, as the recovery of the flows, provided that no further guarantees associated with the operation remain after the award of the property.</span></div><div style="margin-bottom:9pt;padding-left:18pt;text-indent:-6.75pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">- Those operations on which a deduction is made, the portion of the operation corresponding to that deduction, will be given as a balance at the time of signature.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">A financial asset amount is maintained in the balance sheet until they are considered as a "default risk", either all or a part of it, and the write-off is registered against the balance sheet.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In the case of operations that have only been partially derecognised, for forgiveness reasons or because part of the total balance is considered unrecoverable, the remaining amount shall be fully classified in the category of 'doubtful risk', except where duly justified.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The classification of a financial asset, or part of it, as a 'default risk' does not involve the disruption of negotiations and legal proceedings to recover the amount.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i343d44923bac494d90023279d0971f2e"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">iii. Impairment valuation assessment</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander has policies, methods and procedures in place to hedge its credit risk, both due to the insolvency attributable to counterparties and its residence in a specific country. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">These policies, methods and procedures are applied in the concession, study and documentation of financial assets, commitments and guarantees, as well as in the identification of their impairment and in the calculation of the amounts needed to cover their credit risk.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The impairment represents the best estimation of the financial assets expected credit losses at the balance sheet date, assessed both individually and collectively.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Individually: for the purposes of estimating the provisions for credit risk arising from the insolvency of a financial instrument, the Group individually assesses impairment by estimating the expected credit losses on those financial instruments that are considered to be significant and with sufficient information to make such an estimate.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-0.01pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Therefore, this classification mostly includes wholesale banking customers —Corporations, specialised financing— as well as some of the largest companies —Chartered and real estate developers— from retail banking. The determination of the perimeter in which the individualised estimate is applied is detailed in a later section.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The individually assessed impairment estimate is equal to the difference between the gross carrying amount of the financial instrument and the estimated value of the expected cash flows receivable discounted using the original effective interest rate of the transaction. The estimate of these cash flows takes into account all available information on the financial asset and the effective guarantees associated with that asset. This estimation process is detailed below.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Collectively: the Group also assesses impairment by estimating the expected credit losses collectively in cases where they are not assessed on an individual basis. This includes, for example, loans with individuals, sole proprietors or businesses in retail banking subject to a standardised risk management.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">For the purposes of the collective assessment of expected credit losses, the Group has consistent and reliable internal models. For the development of these models, instruments with similar credit risk characteristics that are indicative of the debtors' capacity to pay are considered.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The credit risk characteristics used to group the instruments are, among others: type of instrument, debtor's sector of activity, geographical area of activity, type of guarantee, aging of past due balances and any other factor relevant to estimating the future cash flows.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander performs retrospective and monitoring tests to evaluate the reasonableness of the collective estimate.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">On the other hand, the methodology required to estimate the expected credit loss due to credit events is based on an unbiased and weighted consideration by the probability of occurrence of a series of scenarios, considering a range of three to five possible future scenarios, depending on the characteristics of each unit, which could have an impact on the collection of contractual cash flows, always taking into account the time value of money, as well as all available, reasonable and sustainable information on past events, current conditions and forecasts of the evolution of macroeconomic scenarios that are shown to be relevant for the estimation of this amount (for example: GDP (Gross Domestic Product), housing price, unemployment rate, etc.).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The estimation of expected losses requires expert judgment and the support of historical, current and future information. The probability of loss is measured considering past events, the present situation and future trends of macroeconomic scenarios.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander uses forward-looking information in both internal risk management and prudential regulation processes, so that for the calculation of the impairment loss allowance, various scenarios are incorporated that take advantage of the experience with such information, thus ensuring consistency in obtaining the expected loss.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The complexity of the estimation in this exercise has been derived from the current macroeconomic scenario as a consequence of the war in Ukraine, as well as the increasing level of inflation and interest rates, and the difficulties in the supply chains, which has generated some uncertainty in the evolution of the economy.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander has internally ensured the criteria to be followed for guarantees received from government bodies, both through credit lines and other public guarantees, so that when they are adequately reflected in each of the contracts, they are recognised as mitigating factors of the potential expected losses, and therefore of the provisions to be recognised, based on the provisions of the applicable standard (IFRS 9 Par. B5.5.55). Furthermore, where applicable, these guarantees are appropriately reflected in the mitigation of the significant increase in risk, considering their nature as personal guarantees.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">For the estimation of the parameters used in the estimation of impairment provisions -EAD (exposure at default), PD (probability of default), LGD (loss given default)-, the Group based its experience in developing internal models for the estimation of parameters both in the regulatory area and for management purposes, adapting the development of the impairment provision models under IFRS 9.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Exposure at default: is the amount of estimated risk incurred at the time of the counterparty's analysis.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Probability of default: is the estimated probability that the counterparty will default on its principal and/or interest payment obligations.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Loss given default: is the estimate of the severity of the loss incurred in the event of non-compliance. It depends mainly on the updating of the guarantees associated with the operation and the future cash flows that are expected to be recovered.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In any case, when estimating the flows expected to be recovered, portfolio sales are included. It should be noted that due to the Group's recovery policy and the experience observed in relation to the prices of past sales of assets classified as stage 3 and/or default risk, there is no substantial divergence between the flows obtained from recoveries after performing recovery management of the assets with those obtained from the sale of portfolios of assets discounting structural expenses and other costs incurred.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The definition of default implemented by the Group for the purpose of calculating the impairment provision models is based on the definition in Article 178 of Regulation 575/2013 of the European Union (CRR), which is fully aligned with the requirements of IFRS 9, which considers that a 'default' exists in relation to a specific customer/contract when at least one of the following circumstances exists: the entity considers that there are reasonable doubts about the payment of all its credit obligations or that the customer/contract is in an irregular situation for more than 90 consecutive days past due material balances with respect to any significant credit obligation.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander aligned partially and voluntarily during 2022 the accounting definition of Stage 3, as well as the calculation of impairment provision models, to the New Definition of Default, incorporating the criteria defined by the EBA in its implementation guide of the definition of default, capturing the economic deterioration of the operations (days in default - on a daily basis - and materiality thresholds - minimum amount in arrears). The alignment of criteria was done taking into account the criteria of IFRS 9 as well as the accounting principles of unbiased presentation of financial information. Grupo Santander registered an increase in the default rate at around 19 basis points, with no material impact on the provision figures for credit risk.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In addition, the Group considers the risk generated in all cross-border transactions due to circumstances other than the usual commercial risk of insolvency (sovereign risk, transfer risk or risks arising from international financial activity, such as wars, natural catastrophes, balance of payments crisis, etc.).</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">IFRS 9 includes a series of practical solutions that can be implemented by entities, with the aim of facilitating its implementation. In order to achieve a complete and high-level implementation of the standard, and following the best practices of the industry, the Group applies these practical solutions adapting them to their own characteristics and circumstances:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Rebuttable presumption that the credit risk has increased significantly, when payments are more than 30 days past due: this threshold is used as an additional, but not primary, indicator of significant risk increase. </span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Assets with low credit risk at the reporting date: the Group adopts this practice prioritizing its reduced and punctual use and its systematic and periodic justification through quantitative evidence. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">This information is provided in more detail in note 54.b.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i166ebe9aa1d0443fb2f502ca5b8d79a8"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">iv. Detail of individual estimate of impairment</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">For the individual estimate of the assessment for impairment of the financial asset, the Group has a specific methodology to estimate the value of the cash flows expected to be collected:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Recovery through the debtor's ordinary activities (going approach).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Recovery through the execution and sale of the collateral guaranteeing the operations (gone approach).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Gone approach:</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">a. Evaluation of the effectiveness of guarantees</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander assesses the effectiveness of all the guarantees associated considering the following:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The time required to execute these guarantees.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Grupo Santander's ability to enforce or assert these guarantees in its favour.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The existence of limitations imposed by each local unit´s regulation on the foreclosure of collateral.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Under no circumstances the Group considers that a guarantee is effective if its effectiveness depends substantially on the solvency of the debtor, as could be the case:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Promises of shares or other securities of the debtor himself when their valuation may be significantly affected by a debtor's default.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Personal cross-collateralisation: when the guarantor of a transaction is, at the same time, guaranteed by the holder of that transaction.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The different types of effective guarantees have been detailed in section i. Definition</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:6pt;text-indent:11.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">b. Valuation of guarantees</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander assesses the guarantees on the basis of their nature in accordance with the following:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Mortgage guarantees on properties associated with financial instruments, using complete individual valuations carried out by independent valuation experts and under generally accepted valuation standards. If this is not possible, alternative valuations are used with duly documented and approved internal valuation models.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Personal guarantees are valued individually on the basis of the guarantor´s updated information.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The rest of the guarantees are valued based on current market values.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">c. Adjustments to the value of guarantees and estimation of future cash flow inflows and outflows</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander applies a series of adjustments to the value of the guarantees in order to improve the reference values:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Adjustments based on the historical sales experience of local units for certain types of assets.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Individual expert adjustments based on additional management information.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Likewise, to adjust the value of the guarantees, the time value of money is taken into account based on the historical experience of each of the units, estimating:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Period of adjudication.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Estimated time of sale of the asset.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In addition, the Group takes into account all those cash inflows and outflows linked to that guarantee until it is sold:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Possible future income commitments in favour of the borrower which will available after the asset is awarded.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Estimated foreclosure costs.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Asset maintenance costs, taxes and community costs.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Estimated marketing or sales costs.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Finally, since it is considered that the guarantee will be sold in the future, the Group applies an additional adjustment ('index forward') in order to adjust the value of the guarantees to future valuation expectations.</span></div></div></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i4390c18212e745398ca3946996a5debc"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:130%">v. Impairment individual assessment scope</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander determines the perimeter over which it makes an estimate of the assessment for impairment on an individual basis based on a relevance threshold set by each of the geographical areas and the stage in which the operations are located. In general, the Group applies the individualised calculation of expected losses to the significant exposures classified in stage 3, although Banco Santander, S.A. has also extended its analyses to some of the exposures classified in stage 2.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">It should be noted that, in any case and irrespective of the stage in which their transactions are carried out, for customers who do not receive standardised treatment, a relational risk management model is applied, with individualised treatment and monitoring by the assigned risk analyst. In addition to wholesale customers (Santander Corporate & Investment Banking or SCIB) and large companies, this relational management model also includes other segments of smaller companies for which there is information and capacity for more personalised and expert analysis and monitoring. As indicated in the Group's wholesale credit model, the individual treatment of the client facilitates the continuous updating of information. The risk assumed must be followed and monitored throughout its life cycle, enabling anticipation and action to be taken in the event of possible impairments. In this way, the customer's credit quality is analysed individually, taking into account specific aspects such as his competitive position, financial performance, management, etc. In the wholesale risk management model, every customer with a credit risk position is assigned a rating, which has an associated probability of customer default. Thus, individual analysis of the debtor triggers a specific rating for each customer, which determines the appropriate parameters for calculating the expected loss, so that it is the rating itself that initially modulates the necessary coverage, adjusting the severity of the possible loss to the guarantees and other mitigating factors that the customer may have available. In addition, if as a result of this individualised monitoring of the customer, the analyst finally considers that his coverage is not sufficient, he has the necessary mechanisms to adjust it under his expert judgement, always under the appropriate governance.</span></div>
CY2023	ifrs-full	Disclosure Of Credit Risk Explanatory DisclosureOfCreditRiskExplanatory	<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In order to determine whether a financial instrument has increased its credit risk since initial recognition and is to be classified in stage 2, the Group considers the following criteria:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:18.653%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:79.147%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Quantitative criteria</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the risk of a default occurring through the expected life of the financial instrument are analysed and quantified with respect to its credit level in its initial recognition.<br/></span><span style="font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><br/></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">With the purpose of determining if such changes are considered as significant, with the consequent classification into stage 2, each Group unit has defined the quantitative thresholds to consider in each of its portfolios taking into account corporate guidelines ensuring a consistent interpretation in all units.<br/></span><span style="font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><br/></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Within the quantitative thresholds, two types are considered: A relative threshold is those that compare current credit quality with credit quality at the time of origination in percentage terms of change. In addition, an absolute threshold compares both references in total terms, calculating the difference between the two. These absolute/relative concepts are used homogeneously (with different values) in all geographies. The use of one type of threshold or another (or both) is determined in accordance with the process described in note 54, below, and is marked by the type of portfolio and characteristics such as the starting point of the average credit quality of the portfolio.</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Qualitative criteria</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:2pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:110%">In addition to the quantitative criteria indicated, various indicators are used that are aligned with those used by the Group in the normal management of credit risk. Irregular positions of more than 30 days and renewals are common criteria in all Group units. In addition, each unit can define other qualitative indicators, for each of its portfolios, according to the particularities and normal management practices in line with the policies currently in force (i.e. use of management alerts, etc.).<br/>The use of these qualitative criteria is complemented with the use of an expert judgement, under the corresponding governance.</span></div></td></tr></table></div>
CY2023	san	Default Rate Expected Increase Percentage DefaultRateExpectedIncreasePercentage	0.0019
CY2023	san	Impact On Credit Risk Provision ImpactOnCreditRiskProvision	0	eur
CY2023	ifrs-full	Description Of Accounting Policy For Noncurrent Assets Or Disposal Groups Classified As Held For Sale Explanatory DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory	'Non-current assets' and 'liabilities associated with non-current assets held for sale'<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Non-current assets held for sale' includes the carrying amount of individual items, disposal groups or items forming part of a business unit earmarked for disposal (discontinued operations), whose sale in their present condition is highly likely to be completed within one year from the reporting date. Therefore, the recovery of the carrying amount of these items -which can be of a financial nature or otherwise- will foreseeably be effected through the proceeds from their disposal.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Specifically, property or other non-current assets received by the consolidated entities as total or partial settlement of their debtors’ payment obligations to them are deemed to be 'Non-current assets held for sale', unless the consolidated entities have decided to make continuing use of these assets.</span></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">'Liabilities associated with non-current assets held for sale' includes the balances payable arising from the assets held for sale or disposal groups and from discontinued operations.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">'Non-current assets and disposal groups of items that have been classified as held for sale' are generally recognised at the date of their allocation to this category and are subsequently valued at the lower of their fair value less costs to sell or its book value. 'Non-current assets and disposal groups of items that are classified as held for sale' are not amortised as long as they remain in this category.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The valuation of the portfolio of non-current assets held for sale has been made in compliance with the requirements of International Financial Reporting Standards in relation to the estimate of the fair value of tangible assets and the value-in-use of financial assets.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The value of the portfolio is determined as the sum of the values of the individual elements that compose the portfolio, without considering any total or batch grouping in order to correct the individual values.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">For the purposes of its consideration in initial recognition, the Group obtains, at the time of award, the fair value of the corresponding asset by requesting an appraisal from external valuation agencies.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander has in place a corporate policy that ensures the professional competence and the independence and objectivity of the external appraisal agencies, in accordance with the regulations, which require appraisal agencies to meet independence, neutrality and credibility requirements, so that the use of their estimates does not reduce the reliability of its valuations. This policy establishes that all the appraisal companies and agencies with which the Group works in Spain should be registered in the Official Register of the Bank of Spain and that the appraisals performed by them should follow the methodology established in Order ECO/805/2003, of 27 March. The main appraisal companies and agencies with which the Group worked in Spain in 2023 are as follows: Tinsa Tasaciones Inmobiliarias, S.A.U., Krata Sociedad de Tasación, S.A., Sociedad de Tasación, S.A., Global Valuation, S.A.U., Gesvalt Sociedad de Tasación, S.A. y Valoraciones Mediterraneo, S.A. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Also, this policy establishes that the various subsidiaries abroad work with appraisal companies that have recent experience in the area and the type of asset under appraisal and meet the independence requirements established in the corporate policy. They should verify, inter alia, that the appraisal company is not a party related to the Group and that its billings to the Group in the last twelve months do not exceed 15% of the appraisal company’s total billings.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At 31 December 2023 the fair value less costs to sell of non-current assets held for sale exceeded their carrying amount by EUR 624 million (EUR 631 million at 31 December 2022); however, in accordance with the accounting standards, this unrealised gain could not be recognised.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Banco Santander, in compliance with Bank of Spain Circular 4/2017, and subsequent amendments, on public and private financial reporting standards and financial statement models, has developed a methodology that enables it to estimate the fair value and costs of sale of assets foreclosed or received in payment of debts. This methodology is based on the classification of the portfolio of foreclosed assets into different segments. Segmentation enables the intrinsic characteristics of Banco Santander's portfolio of foreclosed assets to be differentiated, so that assets with homogeneous characteristics are grouped by segment.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Thus, the portfolio is segmented into (i) finished assets of a residential and tertiary nature, (ii) developments in progress and (iii) land.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:121%;position:relative;top:-3.15pt;vertical-align:baseline">1</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In determining the critical segments in the overall portfolio, assets are classified on the basis of the nature of the asset and its stage of development. This segmentation is made in order to seek the liquidation of the asset (which should be carried out in the shortest possible time).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">When making decisions, the situation and/or characteristics of the asset are fundamentally taken into account, as well as the evaluation of all the determining factors that favour the recovery of the debt. For them, the following aspects are analyzed, among others:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The time that has elapsed since the adjudication.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The transferability and contingencies of the foreclosed asset.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The economic viability from the real estate point of view with the necessary investment estimate.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The expenses that may arise from the marketing process.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The offers received, as well as the difficulties in finding buyers.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In the case of real estate assets foreclosed in Spain, which represent 85% of the Group’s total non-current assets held for sale, the valuation of the portfolio is carried out by applying the following models:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Market Value Model used in the valuation of finished properties of a residential nature (mainly homes and car parks) and properties of a tertiary nature (offices, commercial premises and multipurpose buildings). For the valuation of finished assets whose availability for sale is immediate, a market sale value provided by a third party external to Banco Santander is considered, calculated under the AVM methodology by the comparable properties method adjusted by our experience in selling similar assets, given the term, price, volume, trend in the value of these assets and the time elapsing until their sale and discounting the estimated costs of sale.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The market value is determined on the basis of the definition established by the International Valuation Standards drawn up by the IVSC (International Valuation Standards Council), understood as the estimated amount for which an asset or a liability should be exchanged on the measurement date between a willing buyer and a willing seller, in an arm's length transaction, after appropriate marketing, and in which the parties have acted with sufficient information, prudently and without coercion.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The current market value of the properties is estimated on the basis of automated valuations obtained by taking comparable properties as a reference; simulating the procedure carried out by an appraiser in a physical valuation according to Order ECO 805/2003: selection of properties and obtaining the unit value by applying homogenisation adjustments. The selection of the properties is carried out by location within the same real estate cluster and according to the characteristics of the properties, filtering by type</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:121%;position:relative;top:-3.15pt;vertical-align:baseline">2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">, surface area range and age. The model enables a distinction to be made within the municipality under study as to which areas are similar and comparable and therefore have a similar value in the property market, discriminating between which properties are good comparators and which are not.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Adjustments to homogenize the properties are made according to: (i) the age of the property according to the age of the property to be valued, (ii) the deviation of the built area from the common area with respect to the property to be valued and (iii) by age of the date of capture of the property according to the price evolution index of the real estate market.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In addition, for individually significant assets, complete individual valuations are carried out, including a visit to the asset, market analysis (data relating to supply, demand, current sale or rental price ranges and supply-demand and revaluation expectations) and an estimate of expected income and costs.</span></div></div></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="padding-left:7.09pt;text-indent:-9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">1. The assets in a situation of 'stopped development' are included under 'land</span></div><div style="padding-left:9.07pt;text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">2. Assets qualified as protected housing are taken into account. The maximum legal value of these assets is determined by the VPO module, obtained from the result of multiplying the State Basic Module (MBE) by a zone coefficient determined by each autonomous community. To carry out the valuation of a protected property, the useful surface area is used in accordance with current regulations.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">For this segmentation of assets, when they are completed, the real costs are known and the actual expenses for the marketing and sale of the asset must be taken into account. Therefore, Banco Santander uses the actual costs in its calculation engine or, failing that, those estimated on the basis of its observed experience.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Market Value Model according to Evolution of Market Values used to update the valuation of developments in progress. The valuation model estimates the current market value of the properties based on complete individual valuations by third parties, calculated from the values of the feasibility studies and development costs of the promotion, as well as the selling costs, distinguishing by location, size and type of property. The inputs used in the valuation model for residential assets under construction are actual revenues and costs.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">For this purpose, in order to calculate the investment flows, Banco Santander considers, on the basis of the feasibility studies, the expenditure required for construction, the professional fees relating to the project and to project management, the premiums for mandatory building insurance, the developer's administrative expenses, licenses, taxes on new construction and fees, and urban development charges.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">With respect to the calculation of income flows, Banco Santander takes into account the square metres built, the number of homes under construction and the estimated selling price over 1.5 years.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The market value will be the result of the difference between the income flows and the investment flows estimated at each moment.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Land Valuation model. The methodology followed by the Group regarding land valuation consists of updating the individual reference valuation of each of the land on an annual basis, through updated valuation valuations carried out by independent professionals and following the methodology established in the Order ECO/805/2003, of 27 March, whose main verifications in the case of land valuation, regardless of the degree of urbanisation of the land, correspond to:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Visual verification of the assessed property.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Registry description.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Urban planning.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Visible easements.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Visible state of occupation, possession, use and exploitation.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Protection regime.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Apparent state of preservation.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Correspondence with cadastral property.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Existence of expropriation procedure, expropriation plan or project, administrative resolution or file that may lead to expropriation.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Expiry of the urbanization or building deadlines.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Existence of a procedure for failure to comply with obligations.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Verification of surfaces.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">For the purposes of valuation, the land will be classified in the following levels:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Level I: It will include all the lands that do not belong to level II.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Level II: It shall include land classified as undeveloped where building is not allowed for uses other than agriculture, forestry, livestock or linked to an economic exploitation permitted by the regulations in force. Also included are lands classified as developable that are not included in a development area of urban planning or that, in such an area, the conditions for its development have not been defined.</span></div><div style="margin-bottom:9pt;padding-left:17.86pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In those cases where the Group does not have an updated reference value through an ECO valuation for the current year, we use as a reference value the latest available ECO valuation reduced or corrected by the average annual coverage ratio of the land on which we have obtained an updated reference value, through an ECO valuation. </span></div><div style="margin-bottom:9pt;padding-left:17.86pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander applies a discount to the aforementioned reference values that takes into account both the discount on the reference value in the sales process and the estimated costs of marketing or selling the land; discount on reference value = % discount on sales + % marketing costs being:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">% discount on Sales: = 100 - (sales price / updated appraisal value).</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">marketing costs: calculated on the basis of our historical experience in sales and in accordance with the marketing management fees negotiated with our suppliers of this type of service.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In this way the Group obtains the corrected market value, an amount that we compare with the net cost of each piece of land to determine its correct valuation and conclude with our valuation process.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In addition, in relation to the previously mentioned valuations, less costs to sell, are contrasted with the sales experience of each type of asset in order to confirm that there is no significant difference between the sale price and the valuation.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Impairment losses on an asset or disposal group arising from a reduction in its carrying amount to its fair value (less costs to sell) are recognised under 'Gains or (losses) on non-current assets held for sale not classified as discontinued operations' in the consolidated income statement.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The gains on a non-current asset held for sale resulting from subsequent increases in fair value (less costs to sell) increase its carrying amount and are recognised in the consolidated income statement up to an amount equal to the impairment losses previously recognised.</span></div></div></div>
CY2023	san	Maximum Billings Percentage MaximumBillingsPercentage	0.15
CY2023Q4	san	Unrealized Gain Loss Of Fair Value Less Costs To Sell Of Non Current Assets Held For Sale UnrealizedGainLossOfFairValueLessCostsToSellOfNonCurrentAssetsHeldForSale	624000000	eur
CY2022Q4	san	Unrealized Gain Loss Of Fair Value Less Costs To Sell Of Non Current Assets Held For Sale UnrealizedGainLossOfFairValueLessCostsToSellOfNonCurrentAssetsHeldForSale	631000000	eur
CY2023	ifrs-full	Description Of Accounting Policy For Reinsurance Explanatory DescriptionOfAccountingPolicyForReinsuranceExplanatory	Assets under reinsurance contracts and Liabilities under insurance contracts<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The Group has prepared the accounting policy that establishes the criteria for recording insurance contracts, in accordance with IFRS 17. This standard defines insurance contracts as contracts under which one party accepts a significant insurance risk from another party by agreeing to compensate the policyholder if a specific uncertain future event negatively affects the policyholder. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">IFRS 17 requires a level of aggregation of contracts that the Group identifies in portfolios of contracts with similar risks and that are managed jointly. The Group then divides each portfolio into a minimum of three groups: (i) contracts that are onerous on initial recognition; (ii) contracts that, upon initial recognition, have no significant possibility of subsequently becoming onerous; and (iii) any remaining contract.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">For contracts that are considered not to be onerous, a profit margin is recognized in the profit and loss account (referred to as 'Contractual Service Margin' or 'CSM') throughout the period in which the entity performs the service. However, if at the time of initial recognition, or during the period in which the entity performs the service, the contract is onerous, the entity recognizes the loss in the income statement. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Contract limits define the term up to which compliance cash flows must be considered in order to measure an insurance contract. Fulfillment cash flows comprise an unbiased, probability-weighted estimate of future cash flows, a discount adjustment to the present value to reflect the time value of money for monetary and financial risks, and a risk adjustment for non-fulfillment risks. financial. The identification of the contractual limit under IFRS 17 is essential not only for measuring the fulfillment cash flows of a group of contracts, but also for determining the applicable measurement model, in case the contractual limits are identified in a year or more.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Cash flows are within the contractual limit of an insurance contract if they arise from substantial rights and obligations that exist during the reporting period, in which the entity can obligate the insurance policyholder to pay premiums or in which the entity has a substantive obligation to provide services to the insured. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The Group has carried out an analysis of the limits of insurance and reinsurance contracts under IFRS 17, separately, generally applying the General Model (Building Block Approach) to all contracts, except those eligible to be valued by the Simplified Model (Premium Allocation Approach), or the Variable Commission Approach ('VCA' or Variable Fee Approach). </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The general model measures a group of contracts as the sum of the fulfillment cash flows and the Contractual Service Margin. The CSM represents benefits not yet recorded that the entity will recognize as providing services under the insurance contract.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Insurance contracts with direct participation apply the VCA as a modified version of the General Model. This should reduce the volatility of results due to the asymmetry between the accounting treatment of the profit and losses of the underlying items attributable to the policyholders and the accounting treatment of the liability owed to those policyholders. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Another aspect considered in measuring the present value of the future cash flows of a group of insurance contracts is the discount rate applied to reflect the time value of money and the financial risks related to those cash flows. The Group has established a generally chosen methodology and guarantees that the calculation components have a homogeneous basis, previously approved by the Group, establishing the base curves provided by the Group and allowing adjustments to these curves based on the expert criteria of each local address.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Likewise, measuring compliance cash flows requires a risk adjustment for non-financial risk. Risk adjustment for non-financial risk is the compensation necessary to withstand uncertainty about the amount and timing of cash flows arising from non-financial risks. If a change in the assumptions occurs, it could affect the income statement or the Other comprehensive income, depending on its nature. The risks covered by the risk adjustment for non-financial risk are insurance risk and other non-financial risks, such as interruption risk and expense risk.</span></div>
CY2023	ifrs-full	Description Of Accounting Policy For Property Plant And Equipment Explanatory DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory	Tangible assets<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Tangible assets includes the amount of buildings, land, furniture, vehicles, computer hardware and other fixtures owned by the consolidated entities or acquired under finance leases. Tangible assets are classified by use as follows:</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i47665920ded941dcb2175c29e4bd8303"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">i. Property, plant and equipment for own use</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Property, plant and equipment for own use – including tangible assets received by the consolidated entities in full or partial satisfaction of financial assets representing receivables from third parties which are intended to be held for continuing use and tangible assets acquired under finance leases– are presented at acquisition cost, less the related accumulated depreciation and any estimated impairment losses (carrying amount higher than recoverable amount).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Depreciation is calculated, using the straight-line method, on the basis of the acquisition cost of the assets less their residual value. The land on which the buildings and other structures stand has an indefinite life and, therefore, is not depreciated.</span></div><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The annual tangible asset depreciation charge is recognised in the consolidated income statement and are essentially equivalent to the following amortization percentages (determined based on the years of estimated useful life, on average, of the different elements):</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:64.332%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:33.468%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Average<br/>annual rate</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Buildings for own use</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.6 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Furniture</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Fixtures</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Office and IT equipment</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23.8 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Lease use rights</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Less than the lease<br/>term or the useful life<br/>of the underlying asset</span></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At the end of each reporting period, consolidated entities assess whether there is any indication that the carrying amount of an asset exceeds its recoverable amount, in which case they write down the carrying amount of the asset to its recoverable amount and adjust future depreciation charges in proportion to its adjusted carrying amount and to its new remaining useful life, if the useful life needs to be re-estimated.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Similarly, if there is an indication of a recovery in the value of a tangible asset, the consolidated entities recognise the reversal of the impairment loss recognised in prior periods and adjust the future depreciation charges accordingly. In no circumstances may the reversal of an impairment loss on an asset raise its carrying amount above that which it would have if no impairment losses had been recognised in prior years.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The estimated useful lives of the items of property, plant and equipment for own use are reviewed at least at the end of the reporting period with a view to detecting significant changes therein. If changes are detected, the useful lives of the assets are adjusted by correcting the depreciation charge to be recognised in the consolidated income statement in future years on the basis of the new useful lives.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Upkeep and maintenance expenses relating to property, plant and equipment for own use are recognised as an expense in the period in which they are incurred, since they do not increase the useful lives of the assets.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i0898e7458f3845d0b0f2ebf898b748b5"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">ii. Investment property</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">'Investment property' reflects the net values of the land, buildings and other structures held either to earn rentals or for obtaining profits by sales due to future increase in market prices.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The criteria used to recognise the acquisition cost of investment property, to calculate its depreciation and its estimated useful life and to recognise any impairment losses thereon are consistent with those described in relation to property, plant and equipment for own use.</span></div></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In order to evaluate the possible impairment Grupo Santander determines periodically the fair value of its investment property so that, at the end of the reporting period, the fair value reflects the market conditions of the investment property at that date. This fair value is determined annually, taking as benchmarks the valuations performed by independent experts. The methodology used to determine the fair value of investment property is selected based on the status of the asset in question; thus, for properties earmarked for lease, the valuations are performed using the sales comparison approach, whereas for leased properties the valuations are made primarily using the income capitalisation approach and, exceptionally, the sales comparison approach.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In the sales comparison approach, the property market segment for comparable properties is analysed, inter alia, and, based on specific information on actual transactions and firm offers, current prices are obtained for cash sales of those properties. The valuations performed using this approach are considered as level 2 valuations.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In the income capitalisation approach, the cash flows estimated to be obtained over the useful life of the property are discounted taking into account factors that may influence the amount and actual obtainment thereof, such as: (i) the payments that are normally received on comparable properties; (ii) current and probable future occupancy; (iii) the current or foreseeable default rate on payments. The valuations performed using this approach are considered as Level 3 valuations, since significant unobservable inputs are used, such as current and probable future occupancy and/or the current or foreseeable default rate on payments.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i55ce7caa9ed34877b0958415b60c4769"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">iii. Assets leased out under an operating lease</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">'Property, plant and equipment' - Leased out under an operating lease reflects the amount of the tangible assets, other than land and buildings, leased out by the Group under an operating lease.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The criteria used to recognise the acquisition cost of assets leased out under operating leases, to calculate their depreciation and their respective estimated useful lives and to recognise the impairment losses thereon are consistent with those described in relation to property, plant and equipment for own use.</span></div>
CY2023	ifrs-full	Disclosure Of Depreciation And Amortisation Expense Explanatory DisclosureOfDepreciationAndAmortisationExpenseExplanatory	<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The annual tangible asset depreciation charge is recognised in the consolidated income statement and are essentially equivalent to the following amortization percentages (determined based on the years of estimated useful life, on average, of the different elements):</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:64.332%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:33.468%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Average<br/>annual rate</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Buildings for own use</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.6 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Furniture</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Fixtures</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Office and IT equipment</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23.8 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Lease use rights</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Less than the lease<br/>term or the useful life<br/>of the underlying asset</span></td></tr></table></div>
CY2023	ifrs-full	Description Of Accounting Policy For Leases Explanatory DescriptionOfAccountingPolicyForLeasesExplanatory	Accounting for leases<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The main aspects contained in the regulation (IFRS 16) adopted by the Group are included below:</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">When the Group acts as lessee, it recognises a right-of-use asset representing its right to use the underlying leased asset with a corresponding lease liability on the date on which the leased asset is available for use by the Group.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Each lease payment is allocated between liability and finance charge. The finance charge is allocated to the income statement during the term of the lease in such a way as to produce a constant periodic interest rate on the remaining balance of the liability for each year.</span></div><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The right-of-use asset is depreciated over the useful life of the asset or the lease term, whichever is shorter, on a straight-line basis. If the Group is reasonably certain to exercise a purchase option, the right-of-use asset is amortized over the useful life of the underlying asset. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Assets and liabilities arising from a lease are initially measured at present value. Lease liabilities include the net present value of the following lease payments:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Fixed payments (including inflation-linked payments), less any lease incentive receivable.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Variable lease payments that depend on an index or rate.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">The amounts expected to be paid by the lessee under residual value guarantees.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">The exercise price of a purchase option if the lessee is reasonably certain that it will exercise that option.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Lease termination penalty payments, if the term of the lease reflects the lessee's exercise of that option.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Lease payments are discounted using the interest rate implicit in the lease. When this interest rate cannot be obtained, the interest rate used in these cases, is the lessee's incremental borrowing rate at the related date. For this purpose, the entity has calculated this incremental borrowing rate taking as reference the listed debt instruments issued by the Group; in this regard, the Group has estimated different interest rate curves depending on the currency and economic environment in which the contracts are located. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In order to construct the incremental borrowing rate, a methodology has been developed at the corporate level. This methodology is based on the need for each entity to consider its economic and financial situation, for which the following factors must be considered:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Economic and political situation (country risk).</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Credit risk of the company.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Monetary policy.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Volume and seniority of the company’s debt instrument issues.</span></div></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The incremental borrowing rate is defined as the interest rate that a lessee would have to pay for borrowing, given a similar period to the duration of the lease and with similar security, the funds necessary to obtain an asset of similar value to the right-of-use asset in a similar economic environment. The Group entities have a wide stock and variety of financing instruments issued in different currencies to that of the euro (pound, dollar, etc.) that provide sufficient information to be able to determine an "all in rate" (reference rate plus adjustment for credit spread at different terms and in different currencies). In circumstances, where the leasing company has its own financing, this has been used as the starting point for determining the incremental borrowing rate. On the other hand, for those Grupo Santander entities that do not have their own financing, the information from the financing of the consolidated subgroup to which they belong was used as the starting point for estimating the entity's curve, analysing other factors to assess whether it is necessary to make any type of negative or positive adjustment to the initially estimated credit spread.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Right-of-use assets are valued at cost which includes the following:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">The amount of the initial measurement of the lease liability.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Any lease payment made at or before the commencement date less any lease incentive received.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Any initial direct costs.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Restoration costs.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The Group recognises the payments associated with short-term leases and leases of low-value assets on a straight-line basis as an expense in the income statement. Short-term leases are leases with a lease term less than or equal to 12 months (a lease that contains a purchase option is not a short term lease).</span></div>
CY2023	ifrs-full	Description Of Accounting Policy For Intangible Assets And Goodwill Explanatory DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory	Intangible assets<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Intangible assets are identifiable non-monetary assets (separable from other assets) without physical substance which arise as a result of a legal transaction or which are developed internally by the consolidated entities.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Only assets whose cost can be measured reliably and it is likely that the consolidated entities obtain future economic benefits are recognised.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Intangible assets are recognised initially at acquisition or production cost and are subsequently measured at cost less any accumulated amortisation and any accumulated impairment losses.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i2180545aaf384969b68deda3b7140c31"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">i. Goodwill</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Any excess of the cost of the investments in the consolidated entities and entities accounted for using the equity method over the corresponding underlying carrying amounts acquired, adjusted at the date of first-time consolidation, is allocated as follows:</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">a.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:4.57pt">If it is attributable to specific assets and liabilities of the companies acquired, by increasing the value of the assets (or reducing the value of the liabilities) whose fair values were higher (lower) than the carrying amounts at which they had been recognised in the acquired entities’ balance sheets.</span></div><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">b.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:4.25pt">If it is attributable to specific intangible assets, by recognising it explicitly in the consolidated balance sheet provided that the fair value of these assets within twelve months following the date of acquisition can be measured reliably.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">c.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:5.2pt">The remaining amount is recognised as goodwill, which is allocated to one or more cash-generating units (CGU) (a cash-generating unit is the smallest identifiable group of assets that, as a result of continuing operation, generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets). The cash-generating units represent the Group’s geographical and/or business segments.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Goodwill (only recognised when it has been acquired by consideration) represents, therefore, a payment made by the acquirer in anticipation of future economic benefits from assets of the acquired entity that are not capable of being individually identified and separately recognised.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At the end of each annual reporting period or whenever there is any indication of impairment goodwill is reviewed for impairment (i.e. a reduction in its recoverable amount to below its carrying amount) and, if there is any impairment, the goodwill is written down with a charge to 'Impairment or reversal of impairment on non-financial assets, net - Intangible assets' in the consolidated income statement.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">An impairment loss recognised for goodwill is not reversed in a subsequent period.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In the event of sale or departure of an activity that is part of a CGU, the part of the goodwill that can be assigned to said activity would be written-off, taking as a reference the relative value of the same over the total of the CGU at the time of sale or abandonment. If applicable, the distribution by currency of the remaining goodwill will be performed based on the relative values of the remaining activities.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i6ff5b712f0934e53919f3860aaf385c2"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">ii. Other intangible assets</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Other intangible assets includes the amount of identifiable intangible assets, such as purchased customer lists and computer software.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Other intangible assets can have an indefinite useful life -when, based on an analysis of all the relevant factors, it is concluded that there is no foreseeable limit to the period over which the asset is expected to generate net cash inflows for the consolidated entities- or a finite useful life, in all other cases.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Intangible assets with indefinite useful lives are not amortised, but rather at the end of each reporting period or whenever there is any indication of impairment the consolidated entities review the remaining useful lives of the assets in order to determine whether they continue to be indefinite and, if this is not the case, to take the appropriate steps.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Intangible assets with finite useful lives are amortised over those useful lives using methods similar to those used to depreciate tangible assets.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The intangible asset amortisation charge is recognised under 'Depreciation and amortisation' in the consolidated income statement.</span></div></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In both cases the consolidated entities recognise any impairment loss on the carrying amount of these assets with a charge to 'Impairment or reversal of impairment on non-financial assets, net - Intangible assets in the consolidated' income statement. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The criteria used to recognise the impairment losses on these assets and, where applicable, the reversal of impairment losses recognised in prior years are similar to those used for tangible assets (see note 2.k).</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i282a3d7af4224b40bd45fde9e78f9b34"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">Internally developed computer software</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Internally developed computer software is recognised as an intangible asset if, among other requisites (basically the Group’s ability to use or sell it), it can be identified and its ability to generate future economic benefits can be demonstrated.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Expenditure on research activities is recognised as an expense in the year in which it is incurred and cannot be subsequently capitalised into the carrying amount of the intangible asset.</span></div>
CY2023	ifrs-full	Description Of Accounting Policy For Contingent Liabilities And Contingent Assets Explanatory DescriptionOfAccountingPolicyForContingentLiabilitiesAndContingentAssetsExplanatory	Provisions and contingent liabilities (assets)<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">When preparing the financial statements of the consolidated entities, Banco Santander’s directors made a distinction between:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Provisions: credit balances covering present obligations at the reporting date arising from past events which could give rise to a loss for the consolidated entities, which is considered to be likely to occur and certain as to its nature but uncertain as to its amount and/or timing.</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">▪</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:6.37pt">Contingent liabilities: possible obligations that arise from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more future events not wholly within the control of the consolidated entities. They include the present obligations of the consolidated entities when it is not probable that an outflow of resources embodying economic benefits will be required to settle them. The Group does not recognise the contingent liability. The Group will disclose a contingent liability, unless the possibility of an outflow of resources embodying economic benefits is remote. </span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">▪</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:6.37pt">Contingent assets: possible assets that arise from past events and whose existence is conditional on, and will be confirmed only by, the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Group. Contingent assets are not recognised in the consolidated balance sheet or in the consolidated income statement, but rather are disclosed in the notes, provided that it is probable that these assets will give rise to an increase in resources embodying economic benefits.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander’s consolidated financial statements include all the material provisions with respect to which it is considered that it is more likely than not the obligation will have to be settled. In accordance with accounting standards, contingent liabilities must not be recognised in the consolidated financial statements, but must rather be disclosed in the Notes.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Provisions (which are quantified on the basis of the best information available on the consequences of the event giving rise to them and are reviewed and adjusted at the end of each year) are used to cater for the specific obligations for which they were originally recognised. Provisions are fully or partially reversed when such obligations cease to exist or are reduced.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Provisions are classified according to the obligations covered as follows (see note 25):</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">▪</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:6.37pt">Provision for pensions and similar obligations: includes the amount of all the provisions made to cover post-employment benefits, including obligations to pre-retirees and similar obligations.</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">▪</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:6.37pt">Provisions for contingent liabilities and commitments: include the amount of the provisions made to cover contingent liabilities -defined as those transactions in which the Group guarantees the obligations of a third party, arising as a result of financial guarantees granted or contracts of another kind- and contingent commitments -defined as irrevocable commitments that may give rise to the recognition of financial assets.</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">▪</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:6.37pt">Provisions for taxes and other legal contingencies and Other provisions: include the amount of the provisions recognised to cover tax and legal contingencies and litigation and the other provisions recognised by the consolidated entities. Other provisions includes, inter alia, any provisions for restructuring costs and environmental measures.</span></div>
CY2023	ifrs-full	Description Of Accounting Policy For Treasury Shares Explanatory DescriptionOfAccountingPolicyForTreasurySharesExplanatory	Own equity instruments<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Own equity instruments are those meeting both of the following conditions:</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">▪</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:6.37pt">The instruments do not include any contractual obligation for the issuer (i) to deliver cash or another financial asset to a third party; or (ii) to exchange financial assets or financial liabilities with a third party under conditions that are potentially unfavourable to the issuer.</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">▪</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:6.37pt">The instruments will or may be settled in the issuer’s own equity instruments and are: (i) a non-derivative that includes no contractual obligation for the issuer to deliver a variable number of its own equity instruments; or (ii) a derivative that will be settled by the issuer through the exchange of a fixed amount of cash or another financial asset for a fixed number of its own equity instruments.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Transactions involving own equity instruments, including their issuance and cancellation, are charged directly to equity.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Changes in the value of instruments classified as own equity instruments are not recognised in the consolidated financial statements. Consideration received or paid in exchange for such instruments, including the coupons on preference shares contingently convertible into ordinary shares and the coupons associated with CCPP, is directly added to or deducted from equity.</span></div>
CY2023	ifrs-full	Description Of Accounting Policy For Sharebased Payment Transactions Explanatory DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory	Equity-instrument-based employee remuneration<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Own equity instruments delivered to employees in consideration for their services, if the instruments are delivered once the specific period of service has ended, are recognised as an expense for services (with the corresponding increase in equity) as the services are rendered by employees during the service period. At the grant date the services received (and the related increase in equity) are measured at the fair value of the equity instruments granted. If the equity instruments granted are vested immediately, Grupo Santander recognises in full, at the grant date, the expense for the services received.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">When the requirements stipulated in the remuneration agreement include external market conditions (such as equity instruments reaching a certain quoted price), the amount ultimately to be recognised in equity will depend on the other conditions being met by the employees (normally length of service requirements), irrespective of whether the market conditions are satisfied.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">If the conditions of the agreement are met but the external market conditions are not satisfied, the amounts previously recognised in equity are not reversed, even if the employees do not exercise their right to receive the equity instruments.</span></div>
CY2023	ifrs-full	Description Of Accounting Policy For Financial Guarantees Explanatory DescriptionOfAccountingPolicyForFinancialGuaranteesExplanatory	Financial guarantees<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Financial guarantees are considered contracts that require the issuer to make specific payments to reimburse the creditor for the loss it incurs when a specific debtor defaults on its due date payment obligation in accordance with the original or modified conditions of debt instrument, regardless of its legal form, which may be, among others, a deposit, financial guarantee, insurance contract or credit derivative.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander initially recognises the financial guarantees provided on the liability side of the consolidated balance sheet at fair value, which is generally the present value of the fees, commissions and interest receivable from these contracts over the term thereof, and simultaneously the Group recognises the amount of the fees, commissions and similar interest received at the inception of the transactions and a credit on the asset side of the consolidated balance sheet for the present value of the fees, commissions and interest outstanding.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Financial guarantees, regardless of the guarantor, instrumentation or other circumstances, are reviewed periodically so as to determine the credit risk to which they are exposed and, if appropriate, to consider whether a provision is required. The credit risk is determined by application of criteria similar to those established for quantifying impairment losses on debt instruments carried at amortised cost (described in note 2.g above).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The provisions made for these transactions are recognised under 'Provisions - Provisions for commitments and guarantees given in the consolidated balance sheet' (see note 25). These provisions are recognised and reversed with a charge or credit, respectively, to 'Provisions or reversal of provisions', net, in the consolidated income statement.</span></div>
CY2023	ifrs-full	Description Of Accounting Policy For Employee Benefits Explanatory DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory	Post-employment benefits<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Under the collective agreements currently in force and other arrangements, the Spanish banks included in the Group and certain other Spanish and foreign consolidated entities have undertaken to supplement the public social security system benefits accruing to certain employees, and to their beneficiary right holders, for retirement, permanent disability or death, and the post-employment welfare benefits.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander's post-employment obligations to its employees are deemed to be defined contribution plans when the Group makes pre-determined contributions (recognised under Personnel expenses in the consolidated income statement) to a separate entity and will have no legal or effective obligation to make further contributions if the separate entity cannot pay the employee benefits relating to the service rendered in the current and prior periods. Post-employment obligations that do not meet the aforementioned conditions are classified as defined benefit plans (see note 25).</span></div><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i11ab0231f492413c97024b30afafb82a"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">Defined contribution plans</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The contributions made in this connection in each year are recognised under 'Personnel expenses' in the consolidated income statement. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The amounts not yet contributed at each year-end are recognised, at their present value, under 'Provisions - Provision for pensions' and similar obligations on the liability side of the consolidated balance sheet.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i037d757700064cbdaeab4bc6b88df9de"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">Defined benefit plans</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander recognises under 'Provisions - Provision for pensions and similar obligations on the liability side of the consolidated balance sheet' (or under 'Other assets' on the asset side, as appropriate) the present value of its defined benefit post-employment obligations, net of the fair value of the plan assets.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Plan assets are defined as those that will be directly used to settle obligations and that meet the following conditions:</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">▪</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:6.37pt">They are not owned by the consolidated entities, but by a legally separate third party that is not a party related to the Group.</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">▪</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:6.37pt">They are only available to pay or fund post-employment benefits and they cannot be returned to the consolidated entities unless the assets remaining in the plan are sufficient to meet all the benefit obligations of the plan and of the entity to current and former employees, or they are returned to reimburse employee benefits already paid by Grupo Santander.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">If Grupo Santander can look to an insurer to pay part or all of the expenditure required to settle a defined benefit obligation, and it is practically certain that said insurer will reimburse some or all of the expenditure required to settle that obligation, but the insurance policy does not qualify as a plan asset, the Group recognises its right to reimbursement -which, in all other respects, is treated as a plan asset- under 'Insurance contracts linked to pensions' on the asset side of the consolidated balance sheet.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander will recognise the following items in the income statement:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Current service cost, (the increase in the present value of the obligations resulting from employee service in the current period), is recognised under 'Staff costs'.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The past service cost, which arises from changes to existing post-employment benefits or from the introduction of new benefits and includes the cost of reductions, is recognised under 'Provisions or reversal of provisions'.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Any gain or loss arising from a liquidation of the plan is included in the Provisions or reversion of provisions.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Net interest on the net defined benefit liability (asset), i.e. the change during the period in the net defined benefit liability (asset) that arises from the passage of time, is recognised under 'Interest expense' and similar charges ('Interest and similar income' if it constitutes income) in the consolidated income statement.</span></div></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The remeasurement of the net defined benefit liability (asset) is recognised in 'Other comprehensive income' under Items not reclassified to profit or loss and includes:</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">▪</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:6.37pt">Actuarial gains and losses generated in the year, arising from the differences between the previous actuarial assumptions and what has actually occurred and from the effects of changes in actuarial assumptions.</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">▪</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:6.37pt">The return on plan assets, excluding amounts included in net interest on the net defined benefit liability (asset).</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">▪</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:6.37pt">Any change in the effect of the asset ceiling, excluding amounts included in net interest on the net defined benefit liability (asset).</span></div>Other long-term employee benefits<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Other long-term employee benefits, defined as obligations to pre-retirees -taken to be those who have ceased to render services at the entity but who, without being legally retired, continue to have economic rights vis-à-vis the entity until they acquire the legal status of retiree-, long-service bonuses, obligations for death of spouse or disability before retirement that depend on the employee’s length of service at the entity and other similar items, are treated for accounting purposes, where applicable, as established above for defined benefit post-employment plans, except that actuarial gains and losses are recognised under 'Provisions or reversal of provisions', net, in the consolidated income statement (see note 25).</span></div>Termination benefits<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Termination benefits are recognised when there is a detailed formal plan identifying the basic changes to be made, provided that implementation of the plan has begun, its main features have been publicly announced or objective facts concerning its implementation have been disclosed.</span></div>
CY2023	ifrs-full	Description Of Accounting Policy For Income Tax Explanatory DescriptionOfAccountingPolicyForIncomeTaxExplanatory	Income tax<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The expense for Spanish income tax and other similar taxes applicable to the foreign consolidated entities is recognised in the consolidated income statement, except when they arise from a transaction whose results are recognised directly in equity, in which case the related tax effect is recognised in equity.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The current income tax expense is calculated as the sum of the current tax resulting from application of the appropriate tax rate to the taxable profit for the year (net of any deductions allowable for tax purposes), and of the changes in deferred tax assets and liabilities recognised in the consolidated income statement.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">'Deferred tax assets' and liabilities include temporary differences, which are identified as the amounts expected to be payable or recoverable on differences between the carrying amounts of assets and liabilities and their related tax bases, and tax loss and tax credit carryforwards. These amounts are measured at the tax rates that are expected to apply in the period when the asset is realised or the liability is settled.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">'Tax assets' include the amount of all tax assets, which are broken down into current -amounts of tax to be recovered within the next twelve months- and deferred -amounts of tax to be recovered in future years, including those arising from tax loss or tax credit carryforwards.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Tax liabilities' includes the amount of all tax liabilities (except provisions for taxes), which are broken down into current -the amount payable in respect of the income tax on the taxable profit for the year and other taxes in the next twelve months- and deferred -the amount of income tax payable in future years.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Deferred tax liabilities are recognised in respect of taxable temporary differences associated with investments in subsidiaries, associates or joint ventures, except when the Group is able to control the timing of the reversal of the temporary difference and, in addition, it is probable that the temporary difference will not reverse in the foreseeable future. In this regard, no deferred tax liabilities of EUR 394.6 million were recognised in relation to the taxation that would arise from the undistributed earnings of certain Group holding companies, in accordance with the legislation applicable in those jurisdictions.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Deferred tax assets are only recognised for temporary differences to the extent that it is considered probable that the consolidated entities will have sufficient future taxable profits against which the deferred tax assets can be utilised, and the deferred tax assets do not arise from, in its initial recognition of (i)a business combination, (ii) an operation that does not affect either the tax result or the accounting result or (iii) on the date of the transaction, does not generate deductible and taxable temporary differences for the same amount (in which case assets and deferred tax liabilities). Other deferred tax assets (tax loss and tax credit carryforwards) are only recognised if it is considered probable that the consolidated entities will have sufficient future taxable profits against which they can be utilised.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Differences generated by the different accounting and tax treatment of any of the income and expenses recorded directly in equity to be paid or recovered in the future are accounted for as temporary differences.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The deferred tax assets and liabilities are reassessed at the reporting date in order to ascertain whether any adjustments need to be made on the basis of the findings of the analyses performed.</span></div>
CY2023Q4	san	Unrecognised Deferred Tax Liabilities Taxation That Would Arise From Undistributed Earnings UnrecognisedDeferredTaxLiabilitiesTaxationThatWouldAriseFromUndistributedEarnings	394600000	eur
CY2023	ifrs-full	Description Of Accounting Policy For Cash Flows Explanatory DescriptionOfAccountingPolicyForCashFlowsExplanatory	Consolidated statement of cash flows<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The following terms are used in the consolidated statements of cash flows with the meanings specified:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Cash flows: inflows and outflows of cash and cash equivalents, which are short-term, highly liquid investments that are subject to an insignificant risk of changes in value, irrespective of the portfolio in which they are classified.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander classifies as cash and cash equivalents the balances recognised under 'Cash, cash balances at central banks' and 'Other deposits on demand' in the consolidated balance sheet.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Operating activities: the principal revenue-producing activities of credit institutions and other activities that are not investing or financing activities.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Investing activities: the acquisition or disposal of long-term assets and other investments not included in cash and cash equivalents.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Financing activities: activities that result in changes in the size and composition of the equity and liabilities that are not operating activities.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">During 2023 Grupo Santander received interest amounting to EUR 101,029 million (EUR 69,282 and EUR 48,081 in 2022 and 2021, respectively) and paid interest amounting to EUR 50,954 million (EUR 23,390 and EUR 12,738 in 2022 and 2021, respectively).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Also, dividends received and paid by the Group are detailed in notes 4, 28 and 40, including dividends paid to minority interests (non-controlling interests)</span></div>
CY2023	ifrs-full	Interest Received Classified As Operating Activities InterestReceivedClassifiedAsOperatingActivities	101029000000	eur
CY2022	ifrs-full	Interest Received Classified As Operating Activities InterestReceivedClassifiedAsOperatingActivities	69282000000	eur
CY2021	ifrs-full	Interest Received Classified As Operating Activities InterestReceivedClassifiedAsOperatingActivities	48081000000	eur
CY2023	ifrs-full	Interest Paid Classified As Operating Activities InterestPaidClassifiedAsOperatingActivities	50954000000	eur
CY2022	ifrs-full	Interest Paid Classified As Operating Activities InterestPaidClassifiedAsOperatingActivities	23390000000	eur
CY2021	ifrs-full	Interest Paid Classified As Operating Activities InterestPaidClassifiedAsOperatingActivities	12738000000	eur
CY2023	ifrs-full	Disclosure Of Business Combinations Explanatory DisclosureOfBusinessCombinationsExplanatory	Grupo Santander<div style="margin-bottom:6pt;margin-top:9pt"><span id="i0f3f816d738847109826183371c751da"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">a) Banco Santander, S.A., and international Group structure</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The growth of Grupo Santander in the last decades has led Banco Santander to also act, in practice, as a holding entity of the shares of the various companies in its Group, and its results are becoming progressively less representative of the performance and earnings of the Group. Therefore, each year the bank determines the amount of the dividends to be distributed to its shareholders on the basis of the consolidated net profit, while maintaining the Group’s objectives of capitalisation and taking into account that the transactions of the Bank and of the rest of the Group are managed on a consolidated basis (notwithstanding the allocation to each company of the related net worth effect).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At the international level, the various banks and other subsidiaries, joint ventures and associates of the Group are integrated in a corporate structure comprising various holding companies which are the ultimate shareholders of the banks and subsidiaries abroad.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The purpose of this structure, all of which is controlled Banco Santander, is to optimise the international organisation from the strategic, economic, financial and tax standpoints, since it makes it possible to define the most appropriate units to be entrusted with acquiring, selling or holding stakes in other international entities, the most appropriate financing method for these transactions and the most appropriate means of remitting the profits obtained by the group’s various operating units to Spain.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The Appendices provide relevant data on the consolidated group companies and on the companies accounted for using the equity method.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="idfccf495f90b4f91961f11cb7ea0fde2"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">b) Acquisitions and disposals </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Following is a summary of the main acquisitions and disposals of ownership interests in the share capital of other entities and other significant corporate transactions performed in the last three years or pending to be completed:</span></div><div style="margin-bottom:3pt;margin-top:9pt;padding-left:9.07pt;text-indent:-9.07pt"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">i.<span id="i38687a8702244166989b1757096555b6"></span></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%;padding-left:3.99pt">Tender offers for shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">On 21 October 2022, Banco Santander, S.A. ('Banco Santander') announced that it intends to make concurrent cash tender offers to acquire all of the shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México ('Santander Mexico') in Mexico (Shares) and United States (American Depositary Shares ('ADSs')) which were not owned by Grupo Santander, which amount to approximately 3.76% of Santander Mexico’s share capital.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The offers were launched on 7 February 2023 and were originally scheduled to close on 8 March 2023. On 1 March 2023, Banco Santander announced its decision to extend the expiration date of the offers so that they could be concluded on 10 April 2023. Finally, after the offers' closing, 3.6% of the capital accepted the offer, which raised the Group's stake in Santander México from 96.2% to 99.8%.will be settled on 13 March 2023. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Shareholders who participated in the offerings received 24.52 Mexican pesos (approximately EUR 1.20) per Share and USD 6.6876 in cash for each ADS (i.e., the equivalent in United States dollars of 122.6 Mexican pesos in cash for each ADS at the US dollar/Mexican peso exchange rate on the expiration date of 10 April 2023),which corresponded to the book value of the Santander México share according to the quarterly report of Santander México corresponding to the fourth quarter of the year 2022 in accordance with applicable legislation, with a total disbursement by Banco Santander of approximately EUR 300 million.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The operation has led to an increase of EUR 13 million in Reserves and a decrease of EUR 313 million in minority interests. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Once the offers were concluded and settled, Banco Santander proceeded to: (i) withdraw the ADSs from the listing on the New York Stock Exchange (“NYSE”) and the Shares from the registry before the Securities and Exchange Commission ('SEC') in the United States and; (ii) cancel the registration of the Shares in the National Securities Registry of the National Banking and Securities Commission ('CNBV'') and withdraw the listing of the Shares in the Mexican Stock Exchange, S.A.B. de C.V. ('BMV'). </span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Said cancellation was approved by the extraordinary general shareholders' meeting of Santander México held on 30 November 2022, with the favourable vote of the holders of the shares that represent more than 95% of the shares of Santander Mexico, as required by the Mexican Securities Market Law.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Pursuant to Mexican law, on 12 May 2023, Banco Santander and Santander México established a trust (the “Repurchase Trust”), to which the holders of the Shares that remain outstanding after the conclusion of the offers, to sell said Shares to the repurchase trust, at the same cash price that would have been paid to them in the Mexican offer with respect to the same. At the end of the year, said trust has already been liquidated and the Group's effective participation amounts to 99.98%.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Likewise, on 26 March 2021, Banco Santander, S.A. announced its intention to make a tender offer for all shares of Banco Santander Mexico, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México ('Santander México') that were not owned by Grupo Santander (8.3% of the share capital of Santander México at that time). The announcement was subsequently supplemented by other publications on 24 May, 8 June and 28 October 2021, in which amendments to some of the terms of the offer were announced. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The offer was finally launched on 3 November 2021 and was settled on 10 December. Banco Santander accepted all of the Santander Mexico Shares and Santander Mexico American Depositary Share (ADS) (securities listed on the New York Stock Exchange, each represented 5 shares of Santander Mexico) tendered and not withdrawn representing approximately 4.5% of the share capital of Santander México. After the transaction, Grupo Santander held approximately 96.2% of Santander México share capital.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The shareholders who tendered their shares in the offer received MXN 26.5 (approximately EUR 1) per share of Santander México and USD 6.2486 in cash per each ADS (the USD equivalent of MXN 132.50 per ADS based on the USD/MXN exchange rate on the expiration date of 7 December 2021) which meant a disbursement of approximately EUR 335 million.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">This transaction entailed a decrease of reserves of EUR 41 million and a decrease of EUR 294 million of minority interests. </span></div><div style="margin-bottom:3pt;margin-top:9pt;padding-left:9.07pt;text-indent:-9.07pt"><span id="ice1ef041cedc4e5a861c423c0bd1206c"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">ii. Agreement to acquire a significant holding in Ebury Partners Limited </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">On 28 April 2020, the investment announced on 4 November 2019 in Ebury, a payments and foreign exchange platform for SMEs, was completed. The transaction involved a total disbursement of GBP 357 million (approximately EUR 409 million) of which GBP 70 million (approximately EUR 80 million) was for new shares. By the end of 2019, the Group had already acquired 6.4% of the company for GBP 40 million (approximately EUR 45 million). Following the disbursement made in April 2020, which gave the Group 50.38% of the economic rights of the company, without the conditions to obtain control being met, this interest was recorded under 'Investments - Associated entities' in the consolidated balance sheet.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In April 2022 Grupo Santander acquired a new package of shares for GBP 113 million (approximately EUR 135 million) and subscribed in full to a new capital increase, paying an additional GBP 60 million (approximately EUR 72 million). Following these transactions, the Group holds 66.54% of the economic rights and control of the company. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The total value of the net assets identified in the business combination amounted to EUR 413 million, mainly intangible assets (IT developments, customer lists and brand) and resulted in the recognition of goodwill of EUR 316 million. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">No gain or loss was recorded for the difference between the book value and the fair value of the previous holding as this difference was not significant.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The amount contributed by this business to the Group's net attributable profit since the date of acquisition is immaterial. Similarly, the result that this business would have contributed to the Group if the transaction had been carried out on 1 January 2022 would also have been immaterial.</span></div><div style="margin-bottom:3pt;margin-top:9pt;padding-left:11.34pt;text-indent:-12.76pt"><span id="i48cecef671ba403e9377b1b334a8094d"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">iii. Purchase by SHUSA for shares of Santander Consumer USA</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In August 2021 Santander Holdings USA, Inc. ('SHUSA') and Santander Consumer USA Holdings Inc. ('SC') entered into a definitive agreement pursuant to which SHUSA acquired all outstanding shares of common stock of SC not already owned by SHUSA via an all-cash tender offer (the 'Tender Offer') for USD 41.50 per SC common share (the 'Offer Price'), followed by a second-step consisting of a merge (together with the Offer, the 'Transaction') in which a wholly owned subsidiary of SHUSA was merged with and into SC, with SC surviving as a wholly owned subsidiary of SHUSA, and all outstanding shares of common stock of SC not tendered in the Tender Offer were converted into the right to receive the Offer Price in cash. The Offer Price represented a 14% premium to the closing price of SC common stock of USD 36.43 as of 1 July 2021, the last day prior to the announcement of SHUSA’s initial offer to acquire the remaining outstanding shares of SC’s common stock.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">On 31 January 2022, after completion of the customary closing conditions, the Transaction was performed and SHUSA increased its share up to the 100% of SC's common stock. The transaction has meant a disbursement of USD 2,510 million (around EUR 2,239 million) for the Group, with a decrease of reserves of EUR 487 million and a decrease of EUR 1,752 million of minority interests. </span></div><div style="margin-bottom:3pt;margin-top:9pt;padding-left:11.34pt;text-indent:-12.76pt"><span id="i0de95e35f6854ac4bdba53fcc773192e"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">iv. Acquisition of Amherst Pierpont Securities LLC, a US fixed-income broker dealer</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">On 15 July 2021, Santander Holdings USA, Inc. (SHUSA), reached an agreement to acquire Amherst Pierpont Securities LLC, a market-leading independent fixed-income and structured products broker dealer, through the acquisition of its parent holding company, Pierpont Capital Holdings LLC, for a total consideration of approximately USD 450 million (around EUR 405 million). The operation was closed on 11 April 2022 once the pertinent regulatory approvals have been obtained. Immediately after the acquisition, SHUSA has lent financing to the company for an amount of USD 163 million (approximately EUR 147 million), which the company will use to cancel debt with third parties. Amherst Pierpont Securities LLC will become part of Santander Corporate & Investment Banking, Global business line. </span></div></div></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The business combination meant the recognition of a goodwill of EUR 158 million and EUR 24 million of intangible assets (mainly relationships with customers) identified in the purchase price allocation, without other relevant value adjustments to net assets of the business.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The amount contributed by this business to the group net attributable profit since the date of acquisition is not material. Similarly, the result that this business would have brought to the group if the transaction had been carried out on 1 January 2022 is also immaterial. </span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i175b8025a7ad4ca2a185ea4223263352"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:130%">c) Offshore entities </span></div><div style="margin-bottom:3pt;margin-top:6pt"><span id="ia975cdfcd0c14d1c8a608cff29953045"></span><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">Spanish regulation</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">According to current Spanish regulation (Law 11/2021, of 9 July, Royal Decree 1080/1991, of 5 July and Order HFP/115/2023, of 9 February), Santander has one subsidiary and three branches in the non-cooperative jurisdictions of Jersey, the Isle of Man and the Cayman Islands (offshore entities). Santander also has two other subsidiaries incorporated in non-cooperative jurisdictions that are tax resident in the UK and subject to British tax law. </span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="idb3490f44c3144c0b4b4f97cd683f1ff"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">i. Offshore subsidiaries</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At the reporting date, Grupo Santander has only one subsidiary resident in Jersey, Abbey National International Limited, with activity of services, immaterial losses and no employees as of December 2023. </span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i9c718b9b664f40e5a008eb6279cf58dd"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">ii. Offshore branches</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander also has three offshore branches in the Cayman Islands, the Isle of Man and Jersey. They report to, and consolidate balance sheets and income statements with, their foreign headquarters. They are taxed either with their headquarters (the Cayman Islands branch in Brazil) or in the territories they are located in (Jersey and Isle of Man, pertain to the UK). </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">These three offshore branches have a total of 166 employees as of December 2023.</span></div><div style="margin-bottom:3pt;margin-top:9pt;padding-left:11.34pt;text-indent:-12.76pt"><span id="if8fe5a705b214f1da2cfdf1ec2f52297"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">iii. Subsidiaries in non-cooperative jurisdictions that are tax resident in the United Kingdom</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander also has two subsidiaries that were incorporated in offshore jurisdictions (one in Bermuda without activity and one in Guernsey with leasing activity) but are not deemed offshore entities because they only operate from and are tax resident in the UK and, thus, are subject to British tax law.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="if4551420d2f141db9f1a77f9bfc08c44"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">iv. Other offshore holdings</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">From Brazil, Grupo Santander manages Santander Brazil Global Investment Fund SPC, a segregated portfolio company located in the Cayman Islands. Grupo Santander also has other non-controlling financial interest of a reduced amount in entities located in non-cooperative jurisdictions.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i24b0901555c24c6695944c00266871a6"></span><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%"> The European Union (EU)</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">As of October 2023, the EU blacklist comprises 16 jurisdictions where Santander is only present in The Bahamas. In this jurisdiction, Santander has one bank without third-party activity, Santander Bank & Trust Ltd., and one branch of the Swiss bank Banco Santander International SA. These entities have a total of 26 employees as of December 2023. </span></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:112%">In 2023, one subsidiary residing in The Bahamas moved its domicile to Spain.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Additionally, the EU grey list comprises 14 jurisdictions which have sufficiently committed to adapt their legislation to international standards, subject to monitoring by the EU. Within these jurisdictions, Santander is mainly present in Hong Kong through a branch.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i40610c8fc65546c39d0ff9ac8a33b07c"></span><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:115%">Organization for Economic Cooperation and Development (OECD)</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander is not present in any jurisdictions non-compliant with both OECD standards on transparency and exchange of information for tax purposes (Automatic exchange of information standard -AEOI- and Exchange of information on request standard -EOIR-) according to the last annual report of the OECD Global forum on transparency and exchange of information for tax purposes released in November 2023.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">However, the Group is present in The Bahamas and Chile. Although these territories have complete legal and regulatory frameworks in place for the application of the AEOI standard, they need to improve the effectiveness of this standard. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The Group's presence in offshore territories at the end of 2023 is as follows:</span></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:25.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.702%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.702%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.480%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.702%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.557%"></td><td style="width:0.1%"></td></tr><tr style="height:25pt"><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Presence of the Group in non-cooperative jurisdictions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">a</span></div></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Spanish legislation</span></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Council of the EU blacklist</span></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">OECD</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">b</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Sub.</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Branch</span></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Sub.</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Branch</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Sub.</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Branch</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Jersey</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Isle of Man</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cayman Islands</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">The Bahamas</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">c</span></div></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">a</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:7.84pt">Additionally, there is one subsidiary constituted in Guernsey and one in Bermuda, but residents for tax purposes in the UK.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:112%">b</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:112%;padding-left:7.59pt">Jurisdictions non-compliant with both OECD standards on transparency and exchange of information for tax purposes (AEOI and EOIR). Jersey, the Isle of Man and the Cayman Islands continue to fully comply with both OECD standards.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:112%">c</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:112%;padding-left:8.33pt">In 2023, one subsidiary residing in The Bahamas moved its domicile to Spain.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:112%">Grupo Santander has the right mechanisms (risk management, supervision, verification and review plans, and regular reporting) to prevent reputational, tax and legal risk in entities resident in non-cooperative jurisdictions. Grupo Santander also maintains its policy of limiting and reducing its presence in non-cooperative jurisdictions when possible.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">PwC (PricewaterhouseCoopers) member firms audited the financial statements of Grupo Santander’s offshore entities in 2023, 2022 and 2021.</span></div></div>
CY2023	san	Number Of Subsidiaries Tax Resident In The Uk NumberOfSubsidiariesTaxResidentInTheUK	2	subsidiary
CY2023Q4	san	Number Of Jurisdictions Within E Us Blacklist NumberOfJurisdictionsWithinEUsBlacklist	16	jurisdiction
CY2023Q4	san	Number Of Jurisdictions Within E Us Grey List NumberOfJurisdictionsWithinEUsGreyList	14	jurisdiction
CY2023	san	Share Buyback Program Percentage Of Underlying Profit ShareBuybackProgramPercentageOfUnderlyingProfit	0.25
	ifrs-full	Profit Loss Before Tax ProfitLossBeforeTax	5109000000	eur
	ifrs-full	Income Tax Expense Continuing Operations IncomeTaxExpenseContinuingOperations	267000000	eur
	ifrs-full	Dividends Paid DividendsPaid	0	eur
	san	Dividends Maximum Amount Distributable DividendsMaximumAmountDistributable	4842000000	eur
CY2023Q3	ifrs-full	Cash And Cash Equivalents CashAndCashEquivalents	107067000000	eur
CY2023	ifrs-full	Earnings Per Share Explanatory EarningsPerShareExplanatory	<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Accordingly:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:243.00pt"><tr><td style="width:1.0pt"></td><td style="width:76.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:52.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:52.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:52.75pt"></td><td style="width:1.0pt"></td></tr><tr style="height:11pt"><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2021</span></td></tr><tr style="height:26pt"><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Profit (Loss) attributable to the Parent (EUR million)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">11,076 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">9,605</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">8,124 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:26pt"><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Remuneration of PPCC and PPCA (EUR million) (note 23)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(492)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(529)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(566)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:11pt"><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10,584 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">9,076 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">7,558 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:11pt"><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr style="height:41pt"><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">Profit (Loss) from discontinued operations (non controlling interest net) (EUR million)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:56pt"><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">Profit (Loss) from continuing operations (non-controlling interest and PPCC and PPCA net) <br/>(EUR million)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">10,584 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">9,076 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">7,558 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:26pt"><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Weighted average number of shares outstanding</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">16,172,084,714 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">16,848,344,667 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">17,272,055,430 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:18pt"><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Adjusted number of shares</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">16,172,084,714 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">16,848,344,667 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">17,272,055,430 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:18pt"><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#424242;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Basic earnings (Loss) per share (euros)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">0.654</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">0.539</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">0.438</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:26pt"><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Of which, from discounted operations (euros)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:33pt"><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Basic earnings (Loss) per share from continuing operations (euros)</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">0.654</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">0.539</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">0.438</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Accordingly, diluted earnings/loss per share were determined as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:243.00pt"><tr><td style="width:1.0pt"></td><td style="width:76.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:52.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:52.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:52.75pt"></td><td style="width:1.0pt"></td></tr><tr style="height:11pt"><td colspan="3" style="padding:0 8.09pt 0 1pt;text-indent:-7.09pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2021</span></td></tr><tr style="height:26pt"><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Profit (Loss) attributable to the Parent (EUR million)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">11,076 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">9,605 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">8,124 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:26pt"><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Remuneration of PPCC and PPCA (EUR million) (Note 23)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(492)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(529)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(566)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:41pt"><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Dilutive effect of changes in profit for the period arising from potential conversion of ordinary shares</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:11pt"><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10,584 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">9,076 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">7,558 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:11pt"><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr style="height:48pt"><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">Profit (Loss) from discontinued operations (net of non-controlling interests) (EUR million)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:56pt"><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">Profit (Loss) from continuing operations (net of non-controlling interests and PPCC and PPCA) (EUR million)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">10,584 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">9,076 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">7,558 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:26pt"><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Weighted average number of shares outstanding</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">16,172,084,714 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">16,848,344,667 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">17,272,055,430 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:18pt"><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Dilutive effect of options/rights on shares</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">75,180,407 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">55,316,206 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">48,972,459 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:18pt"><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Adjusted number of shares</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">16,247,265,121 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">16,903,660,873 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">17,321,027,889 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:18pt"><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Diluted earnings (Loss) per share (euros)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">0.651</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">0.537</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">0.436</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:26pt"><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Of which, from discounted operations (euros)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:33pt"><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Diluted earnings (Loss) per share from continuing operations (euros)</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">0.651</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">0.537</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">0.436</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>
CY2023	ifrs-full	Profit Loss Attributable To Owners Of Parent ProfitLossAttributableToOwnersOfParent	11076000000	eur
CY2022	ifrs-full	Profit Loss Attributable To Owners Of Parent ProfitLossAttributableToOwnersOfParent	9605000000	eur
CY2021	ifrs-full	Profit Loss Attributable To Owners Of Parent ProfitLossAttributableToOwnersOfParent	8124000000	eur
CY2023	san	Adjustment To Profit Loss For Remuneration Of Contingently Convertible Preferred Securities AdjustmentToProfitLossForRemunerationOfContingentlyConvertiblePreferredSecurities	-492000000	eur
CY2022	san	Adjustment To Profit Loss For Remuneration Of Contingently Convertible Preferred Securities AdjustmentToProfitLossForRemunerationOfContingentlyConvertiblePreferredSecurities	-529000000	eur
CY2021	san	Adjustment To Profit Loss For Remuneration Of Contingently Convertible Preferred Securities AdjustmentToProfitLossForRemunerationOfContingentlyConvertiblePreferredSecurities	-566000000	eur
CY2023	ifrs-full	Profit Loss Attributable To Ordinary Equity Holders Of Parent Entity ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity	10584000000	eur
CY2022	ifrs-full	Profit Loss Attributable To Ordinary Equity Holders Of Parent Entity ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity	9076000000	eur
CY2021	ifrs-full	Profit Loss Attributable To Ordinary Equity Holders Of Parent Entity ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity	7558000000	eur
CY2023	ifrs-full	Profit Loss From Discontinued Operations Attributable To Ordinary Equity Holders Of Parent Entity Including Dilutive Effects ProfitLossFromDiscontinuedOperationsAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects	0	eur
CY2022	ifrs-full	Profit Loss From Discontinued Operations Attributable To Ordinary Equity Holders Of Parent Entity Including Dilutive Effects ProfitLossFromDiscontinuedOperationsAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects	0	eur
CY2021	ifrs-full	Profit Loss From Discontinued Operations Attributable To Ordinary Equity Holders Of Parent Entity Including Dilutive Effects ProfitLossFromDiscontinuedOperationsAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects	0	eur
CY2023	ifrs-full	Profit Loss From Continuing Operations Attributable To Ordinary Equity Holders Of Parent Entity Including Dilutive Effects ProfitLossFromContinuingOperationsAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects	10584000000	eur
CY2022	ifrs-full	Profit Loss From Continuing Operations Attributable To Ordinary Equity Holders Of Parent Entity Including Dilutive Effects ProfitLossFromContinuingOperationsAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects	9076000000	eur
CY2021	ifrs-full	Profit Loss From Continuing Operations Attributable To Ordinary Equity Holders Of Parent Entity Including Dilutive Effects ProfitLossFromContinuingOperationsAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects	7558000000	eur
CY2023	ifrs-full	Weighted Average Shares WeightedAverageShares	16172084714	shares
CY2022	ifrs-full	Weighted Average Shares WeightedAverageShares	16848344667	shares
CY2021	ifrs-full	Weighted Average Shares WeightedAverageShares	17272055430	shares
CY2023	ifrs-full	Weighted Average Shares WeightedAverageShares	16172084714	shares
CY2022	ifrs-full	Weighted Average Shares WeightedAverageShares	16848344667	shares
CY2021	ifrs-full	Weighted Average Shares WeightedAverageShares	17272055430	shares
CY2023	ifrs-full	Basic Earnings Loss Per Share BasicEarningsLossPerShare	0.654
CY2022	ifrs-full	Basic Earnings Loss Per Share BasicEarningsLossPerShare	0.539
CY2021	ifrs-full	Basic Earnings Loss Per Share BasicEarningsLossPerShare	0.438
CY2023	ifrs-full	Basic Earnings Loss Per Share From Discontinued Operations BasicEarningsLossPerShareFromDiscontinuedOperations	0
CY2022	ifrs-full	Basic Earnings Loss Per Share From Discontinued Operations BasicEarningsLossPerShareFromDiscontinuedOperations	0
CY2021	ifrs-full	Basic Earnings Loss Per Share From Discontinued Operations BasicEarningsLossPerShareFromDiscontinuedOperations	0
CY2023	ifrs-full	Basic Earnings Loss Per Share From Continuing Operations BasicEarningsLossPerShareFromContinuingOperations	0.654
CY2022	ifrs-full	Basic Earnings Loss Per Share From Continuing Operations BasicEarningsLossPerShareFromContinuingOperations	0.539
CY2021	ifrs-full	Basic Earnings Loss Per Share From Continuing Operations BasicEarningsLossPerShareFromContinuingOperations	0.438
CY2023	ifrs-full	Profit Loss Attributable To Owners Of Parent ProfitLossAttributableToOwnersOfParent	11076000000	eur
CY2022	ifrs-full	Profit Loss Attributable To Owners Of Parent ProfitLossAttributableToOwnersOfParent	9605000000	eur
CY2021	ifrs-full	Profit Loss Attributable To Owners Of Parent ProfitLossAttributableToOwnersOfParent	8124000000	eur
CY2023	san	Adjustment To Profit Loss For Remuneration Of Contingently Convertible Preferred Securities AdjustmentToProfitLossForRemunerationOfContingentlyConvertiblePreferredSecurities	-492000000	eur
CY2022	san	Adjustment To Profit Loss For Remuneration Of Contingently Convertible Preferred Securities AdjustmentToProfitLossForRemunerationOfContingentlyConvertiblePreferredSecurities	-529000000	eur
CY2021	san	Adjustment To Profit Loss For Remuneration Of Contingently Convertible Preferred Securities AdjustmentToProfitLossForRemunerationOfContingentlyConvertiblePreferredSecurities	-566000000	eur
CY2023	san	Dilutive Effect Of Potential Conversion Of Ordinary Shares DilutiveEffectOfPotentialConversionOfOrdinaryShares	0	eur
CY2022	san	Dilutive Effect Of Potential Conversion Of Ordinary Shares DilutiveEffectOfPotentialConversionOfOrdinaryShares	0	eur
CY2021	san	Dilutive Effect Of Potential Conversion Of Ordinary Shares DilutiveEffectOfPotentialConversionOfOrdinaryShares	0	eur
CY2023	ifrs-full	Profit Loss Attributable To Ordinary Equity Holders Of Parent Entity Including Dilutive Effects ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects	10584000000	eur
CY2022	ifrs-full	Profit Loss Attributable To Ordinary Equity Holders Of Parent Entity Including Dilutive Effects ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects	9076000000	eur
CY2021	ifrs-full	Profit Loss Attributable To Ordinary Equity Holders Of Parent Entity Including Dilutive Effects ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects	7558000000	eur
CY2023	ifrs-full	Profit Loss From Discontinued Operations Attributable To Ordinary Equity Holders Of Parent Entity Including Dilutive Effects ProfitLossFromDiscontinuedOperationsAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects	0	eur
CY2022	ifrs-full	Profit Loss From Discontinued Operations Attributable To Ordinary Equity Holders Of Parent Entity Including Dilutive Effects ProfitLossFromDiscontinuedOperationsAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects	0	eur
CY2021	ifrs-full	Profit Loss From Discontinued Operations Attributable To Ordinary Equity Holders Of Parent Entity Including Dilutive Effects ProfitLossFromDiscontinuedOperationsAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects	0	eur
CY2023	ifrs-full	Profit Loss From Continuing Operations Attributable To Ordinary Equity Holders Of Parent Entity Including Dilutive Effects ProfitLossFromContinuingOperationsAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects	10584000000	eur
CY2022	ifrs-full	Profit Loss From Continuing Operations Attributable To Ordinary Equity Holders Of Parent Entity Including Dilutive Effects ProfitLossFromContinuingOperationsAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects	9076000000	eur
CY2021	ifrs-full	Profit Loss From Continuing Operations Attributable To Ordinary Equity Holders Of Parent Entity Including Dilutive Effects ProfitLossFromContinuingOperationsAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects	7558000000	eur
CY2023	ifrs-full	Weighted Average Shares WeightedAverageShares	16172084714	shares
CY2022	ifrs-full	Weighted Average Shares WeightedAverageShares	16848344667	shares
CY2021	ifrs-full	Weighted Average Shares WeightedAverageShares	17272055430	shares
CY2023	san	Dilutive Effect Of Share Options And Share Rights On Number Of Ordinary Shares DilutiveEffectOfShareOptionsAndShareRightsOnNumberOfOrdinaryShares	75180407	shares
CY2022	san	Dilutive Effect Of Share Options And Share Rights On Number Of Ordinary Shares DilutiveEffectOfShareOptionsAndShareRightsOnNumberOfOrdinaryShares	55316206	shares
CY2021	san	Dilutive Effect Of Share Options And Share Rights On Number Of Ordinary Shares DilutiveEffectOfShareOptionsAndShareRightsOnNumberOfOrdinaryShares	48972459	shares
CY2023	ifrs-full	Adjusted Weighted Average Shares AdjustedWeightedAverageShares	16247265121	shares
CY2022	ifrs-full	Adjusted Weighted Average Shares AdjustedWeightedAverageShares	16903660873	shares
CY2021	ifrs-full	Adjusted Weighted Average Shares AdjustedWeightedAverageShares	17321027889	shares
CY2023	ifrs-full	Diluted Earnings Loss Per Share DilutedEarningsLossPerShare	0.651
CY2022	ifrs-full	Diluted Earnings Loss Per Share DilutedEarningsLossPerShare	0.537
CY2021	ifrs-full	Diluted Earnings Loss Per Share DilutedEarningsLossPerShare	0.436
CY2023	ifrs-full	Diluted Earnings Loss Per Share From Discontinued Operations DilutedEarningsLossPerShareFromDiscontinuedOperations	0
CY2022	ifrs-full	Diluted Earnings Loss Per Share From Discontinued Operations DilutedEarningsLossPerShareFromDiscontinuedOperations	0
CY2021	ifrs-full	Diluted Earnings Loss Per Share From Discontinued Operations DilutedEarningsLossPerShareFromDiscontinuedOperations	0
CY2023	ifrs-full	Diluted Earnings Loss Per Share From Continuing Operations DilutedEarningsLossPerShareFromContinuingOperations	0.651
CY2022	ifrs-full	Diluted Earnings Loss Per Share From Continuing Operations DilutedEarningsLossPerShareFromContinuingOperations	0.537
CY2021	ifrs-full	Diluted Earnings Loss Per Share From Continuing Operations DilutedEarningsLossPerShareFromContinuingOperations	0.436
CY2023	ifrs-full	Disclosure Of Information About Key Management Personnel Explanatory DisclosureOfInformationAboutKeyManagementPersonnelExplanatory	Remuneration and other benefits paid to the Bank’s directors and senior managers <div style="margin-bottom:9pt;margin-top:12pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The following section contains qualitative and quantitative disclosures on the remuneration paid to the members of the board of directors —both executive and non-executive directors— and senior managers for 2023 and 2022:</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i58336e19da234015bb3f1528829ffb0b"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">a) Remuneration of Directors</span></div><div style="margin-bottom:3pt;margin-top:6pt"><span id="i84c0f1336a924ee4a3c0b9f0157c1281"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">i. Bylaw-stipulated emoluments</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The annual general meeting held on 22 March 2013 approved an amendment to the Bylaws, whereby the remuneration of directors in their capacity as board members became an annual fixed amount determined by the annual general meeting. This amount shall remain in effect unless the shareholders resolve to change it at a general meeting. However, the board of directors may elect to reduce the amount in any years in which it deems such action justified.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The maximum remuneration established by the annual general meeting was EUR 6 million in 2023 (EUR 6 million in 2022), with two components: (a) an annual emolument and (b) attendance fees.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The specific amount payable for the above-mentioned items to each of the directors is determined by the board of directors. For such purpose, it takes into consideration the positions held by each director on the board, their membership of the board and the board committees and their attendance to the meetings thereof, and any other objective circumstances considered by the board.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The total Bylaw-stipulated emoluments earned by the directors in 2023 amounted to EUR 5.3 million (EUR 4.7 million in 2022).</span></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i5d30fa9bf99b4476940a889057cc928e"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">Annual allotment</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In accordance with the remuneration policy approved at the general shareholders' meeting on 31 March 2023, the annual allotment for board and committee membership (except for the executive committee) increased EUR 3,000 compared to the amount approved and established for 2022. Each director received the amounts for serving on the board and its committees and positions held in them included in the chart below for 2022 and 2023:</span></div><div><span><br/></span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:62.480%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.727%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.493%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Amount per director in euros</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2022</span></td></tr><tr><td colspan="3" style="border-left:1pt solid #ffffff;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Members of the board of directors</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">98,000 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">95,000 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Members of the executive committee</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">170,000</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">170,000</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Members of the audit committee</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">43,000</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">40,000</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Members of the appointments committee</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">28,000</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">25,000</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Members of the remuneration committee</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">28,000</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">25,000</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Members of the risk supervision, regulation and compliance committee</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">43,000</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">40,000</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Members of the responsible banking, sustainability and culture committee </span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">18,000</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">15,000</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Members of the innovation and technology committee</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">28,000</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">25,000 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Chair of the audit committee</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">70,000</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">70,000</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Chair of the appointments committee</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">50,000</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">50,000</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Chair of the remuneration committee</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">50,000</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">50,000</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Chair of the risk supervision, regulation and compliance committee</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">70,000</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">70,000</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Chair of the responsible banking, sustainability and culture committee</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">50,000</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">50,000</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Chair of the innovation and technology committee</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">70,000</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">70,000 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Lead independent director</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:4.55pt;font-weight:400;line-height:105%;position:relative;top:-2.44pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">110,000</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">110,000</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Non-executive Vice Chair</span></td><td colspan="3" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">30,000</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">30,000</span></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Since 2015, Bruce Carnegie-Brown has been allocated EUR 700,000 (including annual allowances and attendance fees) in minimum total annual pay set for the lead independent director, for his services to the board and its committees, particularly as Chair of the nomination and remuneration committees and also as lead independent director; and for the required time and dedication to perform these roles. Bruce Carnegie-Brown has stepped down from his role of Lead Independent Director on 1 October 2023, when he has been succeeded in this position by Glenn Hutchins.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ieffa62a8e1dc42549af31fc95c8612a7"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">Attendance fees</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The directors receive fees for attending board and committee meetings, excluding executive committee meetings, where no attendance fees are received.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">For 2023 the board voted to keep the same amounts set out in the 2022 policy.</span></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:119%">The fees have not been modified since 2016. For 2023 and 2022 they are as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:71.437%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.720%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.543%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Attendance fees per director per meeting in euros </span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2022</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Board of directors</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,600 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,600 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Audit committee and risk supervision, regulation and compliance committee</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,700 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,700 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other committees (excluding executive committee) </span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,500 </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,500 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i9984bdcb75ab4d2f8603ef81310c2223"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">ii. Salaries</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The executive directors receive salaries. In accordance with the policy approved by the annual general meeting, salaries are composed of a fixed annual remuneration and a variable one, which consists in a unique incentive, which is a deferred variable remuneration plan linked to multi-year objectives, which establishes the following payment scheme:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">40% of the variable remuneration amount, determined at year-end on the basis of the achievement of the established objectives, is paid immediately. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The remaining 60% is deferred over five years, to be paid in five portions, provided that the conditions of permanence in the Group and non-concurrence of the malus clauses are met, and subject to long term metrics, taking into account the following accrual scheme: </span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">The accrual of the first and second portion (payment in 2025 and 2026) will be conditional on none of the malus clauses being triggered.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">The accrual of the third, fourth, and fifth portion (payment in 2027, 2028 and 2029), is linked to objectives related to the period 2023—2025 and the metrics and scales associated with these objectives. The fulfilment of the objectives determines the percentage to be paid of the deferred amount in these three annuities, and these targets can reduce these amounts and the number of deferred instruments, or increase them up to a maximum achievement ratio of 125%, so executives have the incentive to exceed their targets.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In accordance with current remuneration policies, the amounts already paid will be subject to a possible recovery (clawback) by the Bank during the period set out in the policy in force at each moment. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The immediate payment (or short-term), as well as each deferred payment (linked to long term metrics and not linked to long-term metrics) will be settled 50% in cash and the remaining 50% in instruments, consisting of Banco Santander, S.A. shares, Banco Santander, S.A. share options and restricted stock units (RSUs) of PagoNxt, split as:</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">◦ the amount of PagoNxt RSUs set for each year; and</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">◦ the rest, all in instruments of Banco Santander, S.A. The executive director must decide between receiving such amount all in shares, or receiving in equal parts shares and share options of Banco Santander, S.A. In 2023 both directors have chosen all in shares.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i88c1e96754494d9898b78f9997bc5b7e"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">Comparative of executive remuneration (Chair and CEO) </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The board voted to maintain the same target incentive for Ana Botín in 2023 as in 2022 and established a variable remuneration target for Hector Grisi of EUR 4,200 thousand (aligned with that of his predecessor José Antonio Álvarez). In turn, after five years with no review of gross annual salary, the board resolved that Ana Botín’s gross annual salary would increase a 3% in respect of 2022.<br/><br/>Variable contributions to pensions were not modified in 2023, so the amounts are the 22% of the 30% of the last three assigned bonus' average.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In 2023, Santander’s strong performance and excellent execution of our strategy enabled us to deliver record attributable profit of EUR 11,076 million (+15.3% vs. 2022) and a capital ratio of 12.30% (achieving our public target). We also achieved a very high total shareholder return of 40.5%( 5% above our official group of nine peers in relative terms). Because of the double digit growth in net profit coupled with the highest TSR in the last 14 years, the board approved to maintain the same bonus pool as in 2022 at 138.91% for which an extraordinary adjustment of + 15.57% was made, in the same manner as the 2021 and 2019 pools were both reduced by extraordinary adjustments (due to worse shareholders return), with a combined impact of -30%. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">As a result, and considering the exceptional contribution made by the Chairman and the CEO to the achievement of these exceptional figures, on the basis of the detailed pool disclosed in the Remuneration section, and due to the fulfillment of their individual objectives, the board of directors, upon recommendation of the remuneration committee, approved the variable remuneration disclosed below, which means an increase of 5% of Executive Chair's total compensation, and a reduction of 9% in the case of Héctor Grisi (compared to his predecessor).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Moreover, the ratio of executive directors’ total remuneration to underlying attributable profit fell to 0.19% from 0.23% in 2022.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i32d616ad303e4b79ad419577ea385aa7"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">iii. Detail by director</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The detail, by bank director, of the short-term (immediate) and deferred (not subject to long-term goals) remuneration for 2023 and 2022 is provided below:</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:13.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.423%"></td><td style="width:0.1%"></td></tr><tr><td colspan="30" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR thousand</span></td></tr><tr style="height:12pt"><td colspan="3" rowspan="6" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="27" style="border-bottom:1pt solid #ec0000;border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">2023</span></td></tr><tr style="height:12pt"><td colspan="27" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Bylaw-stipulated emoluments</span></td></tr><tr style="height:12pt"><td colspan="27" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Annual emolument</span></td></tr><tr style="height:15pt"><td colspan="3" rowspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Board</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.03pt;font-weight:700;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">F</span></div></td><td colspan="3" rowspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Executive committee</span></td><td colspan="3" rowspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Audit committee</span></td><td colspan="3" rowspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Appointments committee</span></td><td colspan="3" rowspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Remuneration committee</span></td><td colspan="3" rowspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Risk supervision, regulation and compliance oversight committee</span></td><td colspan="3" rowspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Responsible banking, sustainability and culture committee</span></td><td colspan="3" rowspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Innovation and technology committee</span></td><td colspan="3" rowspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Attendance fees and commissions</span></td></tr><tr style="height:15pt"><td colspan="30" style="display:none"></td></tr><tr style="height:30pt"><td colspan="30" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Ana Botín</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">98 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">170 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">98 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">45 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Héctor Grisi</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.03pt;font-weight:400;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">98 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">170 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">28 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">44 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">José Antonio Álvarez</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">128 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">170 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">28 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">45 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Bruce Carnegie-Brown</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">203 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">127 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">78 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">66 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">21 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">81 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Homaira Akbari</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">98 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">43 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">18 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">28 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">78 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Javier Botín</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.03pt;font-weight:400;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">98 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">39 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Sol Daurella</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">98 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">28 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">28 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">18 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">77 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Henrique de Castro</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">98 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">43 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">28 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">28 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">87 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Gina Díez</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">98 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">28 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">17 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">68 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Luis Isasi</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">98 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">170 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">28 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">43 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">78 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Ramiro Mato</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">98 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">170 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">43 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">43 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">68 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">96 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Belén Romana</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">98 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">170 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">43 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">113 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">18 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">28 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">102 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Pamela Walkden</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">98 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">113 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">43 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">87 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Germán de la Fuente</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">98 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">43 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">43 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">87 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Glenn Hutchins</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.03pt;font-weight:400;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">2</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">193 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">28 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">41 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">28 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">83 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Álvaro Cardoso</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.03pt;font-weight:400;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">R. Martín Chavez</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.03pt;font-weight:400;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Sergio Rial</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.03pt;font-weight:400;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">E</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total 2023</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,700</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,147</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">328</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">162</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">191</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">285</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">139</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">287</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,096</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total 2022</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,561</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,020</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">301</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">139</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">159</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">241</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">114</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">229</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">930</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A. Director since 1 January 2023.</span></div><div style="padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.All amounts received were reimbursed to Fundación Botín.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.Stepped down as director on 1 April 2022.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.Stepped down as director on 1 July 2022.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">E.Stepped down as director on 1 January 2023.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">F.Also includes emoluments for other roles in the board.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">1. Includes EUR 1,000 thousand for the role as non-executive Chair of Santander España and for Santander España board and committees meetings for Luis Isasi. For José Antonio Álvarez, this amount includes remuneration as strategic advisor of Grupo Santander, life and health insurance contributions (EUR 722 thousand) and the supplement for having waived the death and disability policy (EUR 710 thousand).</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">2. From 1 October 2023, the Lead Independent Director, non-executive Vice Chair and Chair of remuneration committee is Mr. Glenn Hutchins, succeeding Mr. Carnegie-Brown. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:13.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.492%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.085%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.344%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.392%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.275%"></td><td style="width:0.1%"></td></tr><tr style="height:11pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="33" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="27" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr style="height:4pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="18" rowspan="2" style="border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Short-term and deferred (not subject to long-term goals) salaries of executive directors</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:20pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Fixed</span></td><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Variable - immediate payment</span></td><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Deferred variable</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:29pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">In cash</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">In instruments</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">In cash</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">In instruments</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Pension contribution</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Other remuneration</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.03pt;font-weight:700;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">1</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Ana Botín</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">3,271 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">1,780 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">1,780 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">1,068 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">1,068 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">8,967 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">1,144 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">1,022 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">11,544 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">11,001 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Héctor Grisi</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">3,000 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">1,220 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">1,220 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">732 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">732 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">6,904 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">966 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">47 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">8,257 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">José Antonio Álvarez</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">3,182 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">3,553 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">9,086 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Bruce Carnegie-Brown</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">576 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">700 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Homaira Akbari</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">265 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">244 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Javier Botín</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">137 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">129 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Sol Daurella</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">249 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">230 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Henrique de Castro</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">284 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">261 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gina Díez</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">211 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">172 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Luis Isasi</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">1,000 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">1,417 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">1,412 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ramiro Mato</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">518 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">500 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Belén Romana</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">572 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">549 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pamela Walkden</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">341 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">323 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Germán de la Fuente</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">271 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">137 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Glenn Hutchins</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">2</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">372 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">10 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Álvaro Cardoso</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">39 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">R. Martín Chavez</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">147 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Sergio Rial</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">E</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">131 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Total 2023</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">6,271</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">3,000</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">3,000</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">1,800</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">1,800</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">15,871</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">2,110</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">5,251</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">28,567</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Total 2022</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">5,717</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">2,827</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">2,829</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">1,697</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">1,697</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">14,767</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">1,892</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">3,719</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">25,071</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Footnotes in previous table.</span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Following is the detail by executive director of the salaries linked to multi-year objectives at their fair Value, which will only be received if the conditions of permanence in the Group, non-applicability of malus clauses and achievement of the established objectives are met (or, as the case may be, of the minimum thresholds thereof, with the consequent reduction of amount agreed-upon at the end of the year) in the terms described in Note 46.</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.242%"><tr><td style="width:1.0%"></td><td style="width:30.247%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.379%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.125%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.887%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.379%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.383%"></td><td style="width:0.1%"></td></tr><tr><td colspan="18" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR thousand</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="12" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Variable subject to long-term<br/>objectives</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">1</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">In cash</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">In shares</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">In RSUs</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ana Botín</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,121 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">911 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">210 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,243 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,128 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Héctor Grisi</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">769 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">592 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">176 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,537 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">José Antonio Álvarez</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,436 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,890</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,504</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">386</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,780</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,564</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">1. Corresponds with the fair value of the maximum amount they are entitled to in a total of 3 years: 2027, 2028 and 2029, subject to conditions of continued service, with the exceptions provided, and to the non-applicability of malus clauses and achievement of the objectives established.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The fair value has been determined at the grant date based on the valuation report of an independent expert, Willis Towers Watson. Based on the design of the plan for 2023 and the levels of achievement of similar plans in comparable entities, the fair value considered is 70% of the variable remuneration subject to long-term objectives. (see note 46). </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Note 5.e below includes disclosures on the shares delivered from the deferred remuneration schemes in place in previous years and for which delivery conditions were met, as well as on the maximum number of shares that may be received in future years in connection with the aforementioned 2023 and 2022 variable remuneration plans.<br/></span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="id2348b889b444eaa8f1c61b3b58fae4a"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">b) Remuneration of the board members as representatives of the Bank</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">By resolution of the executive committee, all the remuneration received by the Bank’s directors who represent the Bank on the boards of directors of listed companies in which the Bank has a stake, paid by those companies and relating to appointments made on or after 18 March 2002, accrues to the Group. In 2023 the Bank’s directors did not receive any remuneration in respect of these representative duties. </span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:119%">On the other hand, in their personal capacity, in 2023 Homaira Akbari was paid USD 120 thousand (EUR 111 thousand) as member of the board of Santander Consumer USA Holdings, Inc. and EUR 200 thousand as member of the board of PagoNxt S.L., and Henrique de Castro and José Antonio Álvarez were each paid the same EUR 200 thousand as members of the board of PagoNxt S.L. José Antonio Álvarez also received BRL 755 thousand (EUR 141 thousand) as member of Banco Santander (Brasil) S.A. Likewise, Pamela Walkden was paid GBP 132 thousand (EUR 152 thousand) as member of Santander UK plc and Santander UK Group Holdings. </span></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:119%">Likewise, Luis Isasi was paid EUR 1,000 thousand as non-Executive Chair of the board of Santander España and for attending its board and committee meetings (amounts paid by Banco Santander, S.A.).<br/><br/>And finally, José Antonio Álvarez, as strategic adviser of Grupo Santander, received fixed remuneration of EUR 1,750 thousand. In addition, he received the life and health insurance contributions, and the supplement for having waived the death and disability policy.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i52ba11092cab4e33a7df6331222f2d7d"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">c) Post-employment and other long-term benefits</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In 2012, the contracts of Ana Botín and other members of the Bank's senior management with defined benefit pension commitments were modified to transform these commitments into a defined contribution system, which covers the contingencies of retirement, disability and death. From that moment on, the Bank makes annual contributions to their pension system for their benefit. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">This system gives them the right to receive benefits upon retirement, regardless of whether or not they are active at the Bank at such time, based on contributions to the system, and replaced their previous right to receive a pension supplement in the event of retirement.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The initial balance for Ana Botín in the new defined benefits system corresponded to the market value of the assets from which the provisions corresponding to the respective accrued obligations had materialised on the date on which the old pension commitments were transferred into the new benefits system.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Since 2013, the Bank has made annual contributions to the benefits system for executive directors and other members of executive team, in proportion to their respective pensionable bases, until they leave Grupo Santander or until their retirement within the Group, death, or disability. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The benefit plan system is outsourced to Santander Seguros y Reaseguros, Compañía Aseguradora, S.A., and the economic rights of the foregoing directors under this plan belong to them regardless of whether or not they are active at the Bank at the time of their retirement, death or disability. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In accordance with the provisions of the remuneration regulations, contributions made calculated on variable remuneration are subject to the discretionary pension benefits regime. Under this regime, contributions are subject to malus clauses and clawback according to the policy in force at any given time and during the same period in which the variable remuneration is deferred. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Furthermore, they must be invested in bank shares for a period of five years from the date when the executive director leaves the Group, regardless of whether or not they leave to retire. Once that period has elapsed, the amount invested in shares will be reinvested, along with the remainder of the cumulative balance corresponding to the executive director, or it will be paid to the executive director or to their beneficiaries in the event of a contingency covered by the benefits system. </span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">As per the director´s remuneration policy approved at the 23 March 2018 general shareholder´s meeting, the system was changed with a focus on: </span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:119%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:119%;padding-left:2.93pt">Aligning the annual contributions with practices of comparable institutions. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Reducing future liabilities by eliminating the supplementary benefits scheme in the event of death (death of spouse or parent) and permanent disability of serving directors. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Not increasing total costs for the Bank. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The changes to the system were the following: </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Fixed and variable pension contributions were reduced to 22% of the respective pensionable bases. The gross annual salaries and the benchmark variable remuneration were increased in the corresponding amount with no increase in total costs for the Bank. The pensionable base for the purposes of the annual contributions for the executive directors is the sum of fixed remuneration plus 30% of the average of their last three variable remuneration amounts. For Héctor Grisi, CEO from 1 January 2023, since he has not been in position for three years, the calculation of variable portion was calculated with his gross variable remuneration agreed in that year.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The death and disability supplementary benefits were eliminated since 1 April 2018. A fixed remuneration supplement (included in other remuneration in section a.iii in this note) was implemented the same date.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The total amount insured for life and accident insurance was increased. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The provisions recognised in 2023 and 2022 for retirement pensions were as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:68.596%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.142%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.962%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR thousand</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ana Botín</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,144 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,081 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Héctor Grisi</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">966 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">José Antonio Álvarez</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">811 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,110</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,892</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Following is a detail of the balances relating to each of the directors under the welfare system as of 31 December 2023 and 2022:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:66.778%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.960%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.962%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR thousand</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ana Botín</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49,257 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46,725 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Héctor Grisi</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">585 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">José Antonio Álvarez</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,495 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,958 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">69,338</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">65,683</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:6pt;margin-top:9pt"><span id="if6e5a1d43a3a45649a43a6f02e87f02f"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">d) Insurance</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The Group pays for life insurance policies for the Bank’s directors, who will be entitled to receive benefits if they are declared disabled. In the event of death, the benefits will be payable to their heirs. The premiums paid by the Group are included in the 'Other remuneration' column of the table shown in Note 5.a.iii above. Also, the following table provides information on the sums insured for the Bank’s directors:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:69.579%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="border-bottom:0.5pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Insured capital</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR thousand</span></td><td colspan="6" style="border-top:0.5pt solid #ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 8.09pt 0 1pt;text-indent:-7.09pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ana Botín</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,054 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,988 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Héctor Grisi</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">José Antonio Álvarez</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,910 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,345 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">33,014</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">38,333</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The insured capital has been modified in 2018 for Ana Botín as part of the pension systems transformation set out in note 5.c) above, which has encompassed the elimination of the supplementary benefits systems (death of spouse and death of parent) and the increase of the life insurance annuities. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">During 2023 and 2022, the Group has disbursed a total amount of EUR 13.2 million and EUR 48.2 million, respectively, for the payment of civil-liability insurance premiums. These premiums correspond to several civil-liability insurance policies that hedge, among others, directors, senior management and other managers and employees of the Group and the Bank itself, as well as its subsidiaries, in light of certain types of potential claims of third parties. For this reason, it is not possible to disaggregate or individualize the amount that correspond to the directors and executives.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">As of 31 December 2023 and 2022, no life insurance commitments exist for the Group in respect of any other directors.</span></div><div style="margin-bottom:3pt;margin-top:9pt;padding-left:9pt;text-indent:-9pt"><span><br/></span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:9pt;padding-left:9pt;text-indent:-9pt"><span id="i92715a98f6c14a9e95f1014a7bf6ae03"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">e) Deferred variable remuneration systems</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The following information relates to the maximum number of shares to which the executive directors are entitled at the beginning and end of 2023 and 2022 due to their participation in the deferred variable remuneration systems, which instrumented a portion of their variable remuneration relating to 2023 and prior years, as well as on the deliveries, in shares or in cash, made to them in 2023 and 2022 once the conditions for the receipt thereof had been met (see Note 46):</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="if7964d77280a4829add1138195add335"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">i) Deferred conditional variable remuneration plan</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">From 2011 to 2015, the bonuses of executive directors and certain executives (including senior management) and employees who assume risk, who perform control functions or receive an overall remuneration that puts them on the same remuneration level as senior management and employees who assume risk (all of whom are referred to as identified staff) have been approved by the board of directors and instrumented, respectively, through various cycles of the deferred conditional variable remuneration plan. Application of these cycles, insofar as they entail the delivery of shares to the plan beneficiaries, was authorized by the related annual general meetings. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The purpose of these plans was to defer a portion of the bonus of the plan beneficiaries (60% in the case of executive directors) over a period of five years (three years for the plans approved up to 2014) for it to be paid, where appropriate, in cash and in Santander shares. The remaining 40% portion of the bonus is paid in cash and Santander shares (in equal parts), upon commencement of this plan, in accordance with the rules set forth below.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In addition to the requirement that the beneficiary remains in Grupo Santander’s employ, the accrual of the deferred remuneration was conditional upon none of the following circumstances existing in the opinion of the board of directors -following a proposal of the remuneration committee-, in relation to the corresponding year, in the period prior to each of the deliveries: (i) poor financial performance of the Group; (ii) breach by the beneficiary of internal regulations, including, in particular, those relating to risks; (iii) material restatement of the Group’s consolidated financial statements, except when it is required pursuant to a change in accounting standards; or (iv) significant changes in the Group’s economic capital or its risk profile. All the foregoing shall be subject in each case to the regulations of the relevant plan cycle.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Similarly, Banco Santander can clawback any paid variable amounts in the scenarios and for the period dictated by the terms and conditions in the said policy.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">On each delivery, the beneficiaries are paid an amount in cash equal to the dividends paid for the amount deferred in shares and the interest on the amount deferred in cash. If the Santander Dividendo Elección scrip dividend scheme is applied, payment will be based on the price offered by the Bank for the bonus share rights corresponding to those shares. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The maximum number of shares to be delivered is calculated taking into account the daily volume-weighted average prices for the 15 trading sessions prior to the date on which the board of directors approves the bonus for the Bank’s executive directors for each year.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">This plan and the Performance Shares (ILP) plan described below have been integrated for the executive directors and other senior managers in the deferred variable compensation plan linked to multiannual objectives, in the terms approved by the General Meeting of Shareholders held on March 18, 2016.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">2021 was the last financial year in which a payment was made in application of this plan.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="iac2ff3824c2545c3971679022c16895e"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">ii) Deferred variable compensation plan linked to multiannual objectives</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In the annual shareholders meeting of 18 March 2016, with the aim of simplifying the remuneration structure, improving the ex-ante risk adjustment and increasing the incidence of long-term objectives, the bonus plan (deferred and conditioned variable compensation plan) and ILP were replaced by one single plan. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The variable remuneration of executive directors and certain executives (including senior management) corresponding to 2023 has been approved by the board of directors and implemented through the eighth cycle of the deferred variable remuneration plan linked to multi-year objectives. The application of the plan was authorised by the annual general meeting of shareholders, as it entails the delivery of shares to the beneficiaries.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">As indicated in section a.ii of this note, 60% of the variable remuneration amount is deferred over five years for executive directors, to be paid, where appropriate, in five portions, provided that the conditions of permanence in the Group, according to the following accrual scheme: </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The accrual of the first and second parts (instalments in 2025 and 2026) is conditional on none of the malus clauses being triggered.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The accrual of the third, fourth and fifth parts (instalments in 2027, 2028 and 2029) is linked to non-concurrence of malus clauses and the fulfilment of certain objectives related to the 2022‑ 2025 period. These objectives and their respective weights are: </span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Banco Santander’s consolidated Return on tangible equity (RoTE) target in 2025 (weight of 40%).</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Relative performance of Banco Santander's total shareholder return (TSR) in 2023-2025 in respect of the weighted TSR of a peer group comprising 9 credit institutions, with the appropriate TSR ratio based on the group’s TSR among its peers (weight of 40%). </span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.25pt">Four ESG (environmental, social and governance) metrics. Each of the four Responsible banking targets have the same weighting (and total weight of ESG objective, 20%).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The degree of compliance with the above objectives determines the percentage to be applied to the deferred amount in these three annuities, with a maximum achievement ratio of 125%, so executives have the incentive to exceed their targets.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Both the immediate (short-term) and each of the deferred (long-term and conditioned) portions are paid 50% in cash and the remaining 50% in instruments.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The accrual of deferred amounts (whether or not subject to performance measures) is conditioned, in addition to the permanence of the beneficiary in the Group, to non-occurrence, during the period prior to each of the deliveries, of any the circumstances giving rise to the application of malus as set out in the Group’s remuneration policy in its chapter related to malus and clawback. Likewise, the amounts already paid of the incentive will be subject to clawback by the Bank in the cases and during the term foreseen in said policy, and in accordance with the terms and conditions foreseen in it.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Malus and clawback clauses are triggered by poor financial performance of Banco Santander, a division or area, or exposures from staff as a result of an executive(s)’s management of, at least, one of these factors:</span></div><div style="margin-bottom:9pt;padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">(i)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:10.15pt">Significant failures in risk management committed by the entity, or by a business unit or risk control.</span></div><div style="margin-bottom:9pt;padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">(ii)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:8.02pt">The increase suffered by the entity or by a business unit of its capital needs, not foreseen at the time of generation of the exposures.</span></div><div style="margin-bottom:9pt;padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">(iii)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:5.89pt">Regulatory sanctions or judicial sentences from events that could be attributable to the unit or the personnel responsible for those. Also, the breach of internal codes of conduct of the entity.</span></div><div style="margin-bottom:9pt;padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">(iv)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:5.93pt">Irregular conduct, whether individual or collective. In this regard, the negative effects derived from the marketing of inappropriate products and the responsibilities of the people or bodies that made those decisions will be specially considered.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In addition to the existing policy on malus and clawback clauses of our remuneration policy, the board of directors of Banco Santander at its meeting held on 28 November 2023, following the proposal from the remuneration committee on 27 November 2023, approved an addendum to our remuneration policy to comply with new SEC (US Securities and Exchange Commission) regulations relating to the recoupment of compensation erroneously received by the executive directors of Banco Santander, S.A. and senior management (according to the regulation) in the event of a financial restatement, as defined under the rule, resulting from material noncompliance with financial reporting requirements under federal securities laws. The new addendum to our remuneration policy, entitled "Financial Statement Restatement Compensation", is included as an exhibit to our Annual Report on Form 20-F report filed with the SEC.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Effective from 2023 variable remuneration plan, the maximum number of shares to be delivered is calculated by taking into account the average weighted daily volume of the average weighted listing prices corresponding to the fifty trading sessions prior to the previous Friday (excluded) to the date on which the bonus is agreed by the board of executive directors of the Bank.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="ie498a06e5b6148dfa350733493b2ac58"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">iii) Shares assigned by deferred variable remuneration plans</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The following table shows the number of Santander shares assigned to each director already in service and pending delivery as of 1 January 2022, 31 December 2022 and 31 December 2023, as well as the gross shares that were delivered to them in 2022 and 2023, either in the form of an immediate payment or a deferred payment. In this case after having been appraised by the board, at the proposal of the remuneration committee, that the corresponding one-fifth of each plan had accrued. They come from the deferred conditional and linked to multi-year objectives in 2017, 2018, 2019, 2020, 2021, 2022 and 2023 were formalized.</span></div></div></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:19.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.717%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Share-based variable remuneration</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Maximum number of shares to be delivered at January 1,2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Shares delivered in 2022 (immediate payment 2021 variable remuneration)</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Shares delivered in 2022 (deferred payment 2020 variable remuneration)</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Shares delivered in 2022 (deferred payment 2019 variable remuneration)</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Shares delivered in 2022 (deferred payment 2018 variable remuneration)</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Shares delivered in 2022 (deferred payment 2017 variable remuneration)</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Variable remuneration 2022 (Maximum number of shares to be delivered)</span></td></tr><tr><td colspan="3" style="border-left:1pt solid #cbcbcb;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2017 variable remuneration</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ana Botín</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62,722 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(31,361)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">José Antonio Álvarez</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41,946 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(20,973)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">104,668</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(52,334)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #cbcbcb;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2018 variable remuneration</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ana Botín</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">103,201 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(34,400)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">José Antonio Álvarez</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">68,963 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(22,988)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">172,164</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(57,388)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #cbcbcb;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2019 variable remuneration</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ana Botín</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">425,853 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(106,463)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">José Antonio Álvarez</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">284,599 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(71,150)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">710,452</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(177,613)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #cbcbcb;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2020 variable remuneration</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ana Botín</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">186,369 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(37,274)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">José Antonio Álvarez</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">101,229 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(20,246)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">287,598</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(57,520)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #cbcbcb;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021 variable remuneration</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ana Botín</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,480,622 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(592,249)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">José Antonio Álvarez</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">999,259 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(399,704)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,479,881</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(991,953)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-left:1pt solid #cbcbcb;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022 variable remuneration</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ana Botín</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">631,829 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">José Antonio Álvarez</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">426,475 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,058,305</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023 variable remuneration</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">1</span></div></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ana Botín</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Héctor Grisi</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">1.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.72pt">For each director, 40% of the shares indicated correspond to the short-term variable (or immediate payment). The remaining 60% is deferred for delivery, where appropriate, by fifths in the next five years, the last three being subject to the fulfilment of multiannual objectives. </span></div><div style="margin-bottom:18pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.688%"><tr><td style="width:1.0%"></td><td style="width:8.944%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.944%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.944%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.944%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.944%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.944%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.944%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.544%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.944%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.904%"></td><td style="width:0.1%"></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Maximum number of shares to be delivered at December 31, 2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Instruments matured but not consolidated at January 1, 2023</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:4.61pt;font-weight:700;line-height:105%;position:relative;top:-2.48pt;vertical-align:baseline">2</span></div></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Shares delivered in 2023 (immediate payment 2022 variable remuneration)</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Shares delivered in 2023 (deferred payment 2021 variable remuneration)</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Shares delivered in 2023 (deferred payment 2020 variable remuneration)</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Shares delivered in 2023 (deferred payment 2019 variable remuneration)</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Shares delivered in 2023 (deferred payment 2018 variable remuneration)</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Shares delivered in 2023 (deferred payment 2017 variable remuneration)</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Variable remuneration 2023 (Maximum number of shares to be delivered)</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Maximum number of shares to be delivered at December 31, 2023</span></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31,361 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(31,361)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,973 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(20,973)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">52,334</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(52,334)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">68,800 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(34,400)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34,400 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45,975 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(22,988)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,988 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">114,776</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(57,388)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">57,388</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">319,390 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(106,453)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(35,452)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">177,485 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">213,449 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(71,143)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(23,693)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">118,614 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">532,839</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(177,595)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(59,145)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">296,099</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">149,095 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(37,274)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">111,821 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">80,983 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(20,246)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">60,737 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">230,078</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(57,520)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">172,558</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">888,373 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(177,675)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">710,698 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">599,555 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(119,911)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">479,644 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,487,928</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(297,586)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,190,342</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">631,829 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(273,410)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">358,419 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">426,475 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(184,521)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">241,954 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,058,305</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(457,931)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">600,374</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="2" style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,127,208 </span></td><td style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,127,208 </span></td><td style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="2" style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">749,143 </span></td><td style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">749,143 </span></td><td style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,876,351</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,876,351</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%"> </span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">2.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.72pt">The levels of achievement of the multi-year metrics of the long-term variable remuneration plans:<br/><br/></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline">1) Fifth cycle of the deferred multi-year objectives variable remuneration plan (2020)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">: 83.3% of achievement for the period 2020-2022.<br/>a. CET1 metric at 100% of achievement for 2022 year-end period (target 12.00%). Weight of 33.3%.<br/>b. Underlying BPA growth at 150% of achievement (target growth of 10%). Weight of 33.3%.<br/>c. TSR metric at 0% of achievement (minimum target of 33% not reached). Weight of 33.3%.<br/><br/></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline">2) Fourth cycle of the deferred multi-year objectives variable remuneration plan (2019)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">: 33.3% of achievement for the period 2019-2021.<br/>a. CET1 metric at 100% of achievement for 2021 year-end period (target 12.00%). Weight of 33.3%.<br/>b. Underlying BPA growth at 0% of achievement (target growth of 15%). Weight of 33.3%.<br/>c. TSR metric at 0% of achievement (minimum target of 33% not reached). Weight of 33.3%.<br/><br/></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline">3) Third cycle of the deferred multi-year objectives variable remuneration plan (2018):</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%"> 33.3% of achievement for the period 2018-2020.<br/>a. CET1 metric at 100% of achievement for 2020 year-end period (target 11.30%). Weight of 33.3%.<br/>b. Underlying BPA growth at 0% of achievement (target growth of 25%). Weight of 33.3%.<br/>c. TSR metric at 0% of achievement (minimum target of 33% not reached). Weight of 33.3%.<br/></span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Furthermore, the maximum number of RSUs of PagoNxt, S.L. to be delivered under the current plan is 9,529 and 8,005 units for Ana Botín and Héctor Grisi, respectively.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In addition, the table below shows the cash delivered in 2023 and 2022, by way of either immediate payment or deferred payment, in the latter case once the Board had determined, at the proposal of the remuneration committee, that one-fifth relating to each plan had accrued:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:31.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.640%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.644%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR thousand</span></td><td colspan="15" style="border-bottom:0.5pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash paid (immediate payment 2022 variable remuneration)</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash paid (deferred payments from 2021, 2020, 2019 and 2018 variable remuneration)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash paid (immediate payment 2021 variable remuneration)</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash paid (deferred payments from 2020, 2019, 2018 and 2017 variable remuneration)</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ana Botín</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,689</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,117</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,838</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,102</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Héctor Grisi</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,823</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">697</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">José Antonio Álvarez</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,140</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">737</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,241</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">726</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,652</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,551</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,079</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,827</span></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="id2b9e5336a004dde974d3032d715886c"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">iv) Information on former members of the board of directors</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The chart below includes information on the maximum number of shares to which former members of the board of directors, are entitled for their participation in the various deferred variable remuneration systems, which instrumented a portion of their variable remuneration relating to the years in which they were executive directors. Also set forth below is information on the deliveries, whether in shares or in cash, made in 2023 and 2022 to former board members, upon achievement of the conditions for the receipt thereof (see note 46):</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div></div></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:76.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.160%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Maximum number of shares to be delivered</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2016)</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2017)</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33,783</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2018)</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29,860</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36,543</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2019)</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48,980</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">98,092</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2020)</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">106,536</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2021)</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">300,000</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2022)</span></td><td colspan="3" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td></tr></table></div><div style="margin-bottom:12pt;padding-left:9pt;text-indent:-9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:76.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.160%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Number of shares delivered</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2016)</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">60,251</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2017)</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,145</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33,783</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2018)</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29,860</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,272</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2019)</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,490</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32,698</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2020)</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42,632</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2021)</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">75,000</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2022)</span></td><td colspan="3" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In addition, EUR 1,417 thousand and EUR 2,759 thousand relating to the deferred portion payable in cash of the aforementioned plans were paid each in 2023 and 2022. </span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:9pt"><span id="i35e08f4e88e44e6084a463e04fd6e8ab_29633"></span><span id="icc42fc291a0c43e5ba844c0087008c96"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">f) Loans</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander’s direct risk exposure to the bank’s directors and the guarantees provided for them are detailed below. These transactions were made on terms equivalent to those that prevail in arm’s-length transactions or the related compensation in kind was recognized:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:38.603%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.832%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR thousand</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="9" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="9" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loans and credits</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Guarantees</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loans and credits</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Guarantees</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ana Botín</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">José Antonio Álvarez</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Bruce Carnegie-Brown</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Javier Botín</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Sol Daurella</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Belén Romana</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ramiro Mato</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Homaira Akbari</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Henrique de Castro</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pamela Walkden</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Luis Isasi</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Sergio Rial</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">1</span></div></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Héctor Grisi</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gina Díez Barroso</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Glenn Hutchins</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Germán de la Fuente</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">94</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">94</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">105</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">105</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">1. Ceased as director of Banco Santander, S.A. on 1 January 2023</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i72df1174a2b742d894d891c91cece707"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">g) Senior management</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The table below includes the amounts relating to the short-term remuneration of the members of senior management at 31 December 2023 and those at 31 December 2022, excluding the remuneration of the executive directors, which is detailed above. This amount has been reduced by 38% compared to that reported in 2014 (EUR 80,792 thousand):</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:9pt;font-weight:400;line-height:119%"> </span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:7.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.985%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.603%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.237%"></td><td style="width:0.1%"></td></tr><tr><td colspan="33" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR thousand</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="18" style="border-bottom:1pt solid #ec0000;border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Short-term salaries and deferred remuneration</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Variable remuneration (bonus) - Immediate payment</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Deferred variable remuneration</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Year</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Number of<br/>persons</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fixed</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">In cash</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">In instruments</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">2</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">In cash</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">In instruments</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">3</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Pensions</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other<br/>remuneration</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">1</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2023</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,109</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,355</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,356</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,219</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,220</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,775</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,135</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50,169</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2022</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,178</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,733</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,733</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,398</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,399</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,339</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,956</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">52,736</span></td></tr></table></div><div style="padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">1. Includes other remuneration items such as life and medical insurance premiums and localization aids and lastly RSUs from PagoNxt S.L., for his work as a director in said entity.</span></div><div style="padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">2. The amount of immediate payment for 2023 is 1,567,930 shares and 1,386,491share options (2,504,000 Santander shares in 2022).</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">3. The deferred amount in instruments not linked to long-term objectives for 2023 is 700,305 shares and 554,597 share options ( 1,101,000 Santander shares in 2022).</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The board of directors approved the 2023 Digital Transformation Incentive which is a variable remuneration scheme which delivers PagoNxt, S.L. RSUs and premium priced options (PPOs), and is aimed at up to 50 employees whose roles are considered key to PagoNxt’s success, including 1 senior executive who will receive EUR 200 thousand.</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">See note 46 to the 2023 Group's consolidated financial statements for further information on the Digital Transformation Incentive.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In 2023, the ratio of variable to fixed pay components was 120% of the total for senior managers, well within the maximum limit of 200% set by 2023 AGM.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Also, the detail of the breakdown of the remuneration linked to long-term objectives of the members of senior management at 31 December 2023 and 31 December 2022 is provided below. These remuneration payments shall be received, as the case may be, in the corresponding deferral periods, upon achievement of the conditions stipulated for each payment (see note 46):</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:17.109%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.109%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.653%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.504%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.125%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR thousand</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Variable remuneration subject to long-term objectives</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">1</span></div></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Year</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Number of people</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash <br/>payment</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Instrument</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">payment</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2023</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,380 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,381 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,761 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2022</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,568 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,569 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,137 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">1. Relates to the fair value of the maximum annual amounts for years 2027, 2028 and 2029 of the eighth cycle of the deferred conditional variable remuneration plan (2026, 2027 and 2028 for the seventh cycle of the deferred variable compensation plan linked to annual objectives for the year 2022).</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Additionally, members of senior management who stepped down from their roles in 2023 consolidated salary remuneration and other remuneration for a total amount of EUR 3,560 thousand (EUR 3,691 thousand in 2022). In 2023 they did not generate any right regarding variable pay subject to long-term objectives (this right has been generated in 2022 for a total amount of EUR 447 thousand).<br/></span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The maximum number of Santander shares that the members of senior management at each plan grant date (excluding executive directors) were entitled to receive as of 31 December 2023 and 31 December 2022 relating to the deferred portion under the various plans then in force is the following (see note 46):</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:63.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.492%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.494%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Maximum number of shares to be delivered</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2016) </span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,500</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2017) </span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">76,053 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2018)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">72,734 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">155,758 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2019) </span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">176,704 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">949,917 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2020)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">728,200 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,438,437 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2021)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,824,824 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,711,926 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2022)</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,320,032 </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Since the conditions established in the corresponding deferred share-based remuneration schemes for prior years had been met, the following number of Santander shares was delivered in 2023 and 2022 to the senior management, in addition to the payment of the related cash amounts:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:63.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.961%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.333%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Number of shares delivered</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2016)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">114,006</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2017)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,046 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">107,891 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2018)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">72,734 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">79,037 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2019) </span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">88,352 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">288,041 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2020) </span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">292,737 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">360,614 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2021) </span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">456,206 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,556,117 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2022) </span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,070,634 </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">As indicated in note 5.c above, senior management participate in the benefit system created in 2012, which covers the contingencies of retirement, disability and death. Banco Santander makes annual contributions to the benefit plans of its senior managers. In 2012, the contracts of the senior managers with benefit pension commitments were amended to transform them into a contribution system. The system, which is outsourced to Santander Seguros y Reaseguros, Compañía Aseguradora, S.A., gives senior managers the right to receive benefits upon retirement, regardless of whether or not they are active at Banco Santander at such time, based on contributions to the system. This new system replaced their previous right to receive a pension supplement in the event of retirement. In the event of pre-retirement, and up to the retirement date, senior managers appointed prior to September 2015 are entitled to receive an annual allowance.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In addition, further to applicable remuneration regulations, from 2016 (inclusive), a discretionary pension benefit component of at least 15% of total remuneration in contributions to the pension system has been included. Under the regime corresponding to these discretionary benefits, the contributions that are calculated on variable remunerations are subject to malus and clawback clauses, subject to policies applicable at each time, and during the same period in which the variable remuneration is deferred.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Likewise, the annual contributions calculated on variable remunerations must be invested in Bank shares for a period of five years from the date that the senior manager leaves the Group, regardless of whether or not they leave to retire. Once that period has elapsed, the amount invested in shares will be reinvested, along with the remainder of the cumulative balance corresponding to the senior manager, or it will be paid to the senior manager or to their beneficiaries in the event of a contingency covered by the benefits system.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The contracts of some members of senior management were modified at the beginning of 2018 with the same objective and changes indicated in section c of this note for Ana Botín. The modifications, which are aimed at aligning the annual contributions with the practices of comparable institutions and reducing the risk of future obligations by eliminating the supplementary scheme for death (widowhood and orphanhood) and permanent disability in service without increasing the costs to the bank, are as follows:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Contributions to the pensionable bases were reduced. Gross annual salaries were increased in the corresponding amount.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The death and disability supplementary benefits were eliminated since 1 January 2018 for some members of senior management and since 1 April 2018 for executive directors. A fixed remuneration supplement reflected in other remuneration in the table above was implemented on the same date.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The amounts insured for life and accident insurance were increased.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">All of the above was done without an increase in total cost for the Bank.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The balance as of 31 December 2023 in the pension system for those who were part of senior management at year end amounted to EUR 57 million (EUR 54 million at 31 December 2022).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The net charge to income corresponding to pension amounted to EUR 4.7 million in 2023 (EUR 5.3 million in 31 December 2022).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In 2023 and 2022 there have been no payments in the form of a single payment of the annual voluntary pre-retirement allowance.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Additionally, the capital insured by life and accident insurance at 31 December 2023 of this group amounts to EUR 84.4 million (EUR 98 million at 31 December 2022).</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="if0765645ab65449eab5994edd777a486"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">h) Post-employment benefits to former directors and former senior executive vice presidents</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The post-employment benefits and settlements paid in 2023 to former directors of the Bank, other than those detailed in note 5.c amounted to EUR 5.6 million and EUR 5.6 million in 2022, respectively. Also, the post-employment benefits and settlements paid in 2023 to former executive vice presidents amounted to EUR 15 million and EUR 4.8 million in 2022, respectively.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Contributions to insurance policies that hedge pensions to previous members of the Bank’s board of directors, amounted to EUR 0.17 million in 2023 (EUR 0.17 million in 2022). Likewise, contributions to insurance policies that hedge pensions for previous senior managers amounted to EUR 3.3 million in 2023 (EUR 3.1 million in 2022).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">During the 2023 financial year, no releases or charges were recorded in the consolidated income statement for pension commitments and similar obligations held by the Group with previous former members of the bank's board of directors or former members of senior management in 2023 and 2022.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In addition, 'Provisions - Pension Fund and similar obligations' in the consolidated balance sheet as at 31 December 2023 included EUR 46 million in respect of the post-employment benefit obligations to former Directors of the Bank (EUR 48 million at 31 December 2022) and EUR 88 million corresponding to former members of senior management (EUR 99 million at 31 December 2022).</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="if26128818850401c8e6d5f5cfe49c3e7"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">i) Pre-retirement and retirement</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The board of directors approved an amendment to the contracts of executive directors whereby they ceased to have the right to pre-retire in case of termination of his contract.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i1876e23d19884446ba8cbc05a8c09883"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">j) Contract termination</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The executive directors and members of senior management have indefinite-term employment contracts. Executive directors or senior managers whose contracts are terminated voluntarily or due to breach of duties are not entitled to receive any economic compensation. If Banco Santander terminates the contract for any other reason, they will be entitled to the corresponding legally-stipulated termination benefit, without prejudice to any compensation that may for non-competition obligations, as detailed in the directors' remuneration policy. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">If Banco Santander were to terminate her contract, Ana Botín would have to remain at Banco Santander’s disposal for a period of 4 months in order to ensure an adequate transition, and would receive her fixed salary during that period.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i4136802f284643efbe4f129deeded892"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">k) Information on investments held by the directors in other companies and conflicts of interest</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">None of the members of the board of directors have declared that they or persons related to them may have a direct or indirect conflict of interest with the interests of Banco Santander, S.A., as set forth in article 229 of the Corporate Enterprises Act.</span></div></div></div>
CY2023	san	Variable Remuneration Immediate Payment Percentage VariableRemunerationImmediatePaymentPercentage	0.40
CY2023	san	Variable Remuneration Deferred Percentage VariableRemunerationDeferredPercentage	0.60
CY2023	san	Variable Remuneration Deferral Period VariableRemunerationDeferralPeriod	P5Y
CY2023	san	Variable Remuneration Deferred Bonus Number Of Payments Subject To Specific Objectives VariableRemunerationDeferredBonusNumberOfPaymentsSubjectToSpecificObjectives	5	portion
CY2023	san	Variable Remuneration Deferred Payment Number Of Annuities VariableRemunerationDeferredPaymentNumberOfAnnuities	3	annuity
CY2023	san	Variable Remuneration Maximum Achievement Ratio VariableRemunerationMaximumAchievementRatio	1.25
CY2023	ifrs-full	Profit Loss Attributable To Owners Of Parent ProfitLossAttributableToOwnersOfParent	11076000000	eur
CY2023	san	Increase Decrease Of Profit Attributable To Owners Of Parent IncreaseDecreaseOfProfitAttributableToOwnersOfParent	0.153
CY2023Q4	san	Common Equity Tier One Capital Ratio1 CommonEquityTierOneCapitalRatio1	0.1230
CY2023	san	Total Shareholder Return Percentage TotalShareholderReturnPercentage	0.405
CY2023	san	Executive Directors Variable Remuneration Quantitative Metrics And Qualitative Assessment Adjustment ExecutiveDirectorsVariableRemunerationQuantitativeMetricsAndQualitativeAssessmentAdjustment	1.3891
CY2023	san	Executive Directors Variable Remuneration Quantitative Metrics And Qualitative Assessment Weight ExecutiveDirectorsVariableRemunerationQuantitativeMetricsAndQualitativeAssessmentWeight	0.1557
CY2022	san	Executive Directors Variable Remuneration Quantitative Metrics And Qualitative Assessment Extraordinary Adjustments Percentage ExecutiveDirectorsVariableRemunerationQuantitativeMetricsAndQualitativeAssessmentExtraordinaryAdjustmentsPercentage	-0.30
CY2023	san	Increase Of Executive Chairs Total Compensation Variable Remuneration Percentage IncreaseOfExecutiveChairsTotalCompensationVariableRemunerationPercentage	0.05
CY2023	san	Reduction Of Chief Executive Officer Variable Compensation Percentage ReductionOfChiefExecutiveOfficerVariableCompensationPercentage	0.09
CY2023	san	Ratio Of Executive Directors Total Remuneration To Underlying Attributable Profit RatioOfExecutiveDirectorsTotalRemunerationToUnderlyingAttributableProfit	0.0019
CY2022	san	Ratio Of Executive Directors Total Remuneration To Underlying Attributable Profit RatioOfExecutiveDirectorsTotalRemunerationToUnderlyingAttributableProfit	0.0023
CY2023	san	Key Management Personnel Compensation Attendance Fees KeyManagementPersonnelCompensationAttendanceFees	1096000	eur
CY2022	san	Key Management Personnel Compensation Attendance Fees KeyManagementPersonnelCompensationAttendanceFees	930000	eur
CY2023	san	Key Management Personnel Compensation Short Term Employee Benefits Fixed KeyManagementPersonnelCompensationShortTermEmployeeBenefitsFixed	6271000	eur
CY2023	san	Key Management Personnel Compensation Short Term Employee Benefits Variable Cash Compensation KeyManagementPersonnelCompensationShortTermEmployeeBenefitsVariableCashCompensation	3000000	eur
CY2023	san	Key Management Personnel Compensation Share Based Payment Variable Immediate Payments KeyManagementPersonnelCompensationShareBasedPaymentVariableImmediatePayments	3000000	eur
CY2023	san	Key Management Personnel Compensation Deferred Cash Based Short Term Employee Benefits KeyManagementPersonnelCompensationDeferredCashBasedShortTermEmployeeBenefits	1800000	eur
CY2023	san	Key Management Personnel Compensation Deferred Share Based Short Term Employee Benefits KeyManagementPersonnelCompensationDeferredShareBasedShortTermEmployeeBenefits	1800000	eur
CY2023	san	Key Management Personnel Compensation Short Term And Deferred KeyManagementPersonnelCompensationShortTermAndDeferred	15871000	eur
CY2023	ifrs-full	Key Management Personnel Compensation Postemployment Benefits KeyManagementPersonnelCompensationPostemploymentBenefits	2110000	eur
CY2023	san	Key Management Personnel Compensation Other Short Term Employee Benefits KeyManagementPersonnelCompensationOtherShortTermEmployeeBenefits	5251000	eur
CY2023	ifrs-full	Key Management Personnel Compensation Shortterm Employee Benefits KeyManagementPersonnelCompensationShorttermEmployeeBenefits	28567000	eur
CY2022	san	Key Management Personnel Compensation Short Term Employee Benefits Fixed KeyManagementPersonnelCompensationShortTermEmployeeBenefitsFixed	5717000	eur
CY2022	san	Key Management Personnel Compensation Short Term Employee Benefits Variable Cash Compensation KeyManagementPersonnelCompensationShortTermEmployeeBenefitsVariableCashCompensation	2827000	eur
CY2022	san	Key Management Personnel Compensation Share Based Payment Variable Immediate Payments KeyManagementPersonnelCompensationShareBasedPaymentVariableImmediatePayments	2829000	eur
CY2022	san	Key Management Personnel Compensation Deferred Cash Based Short Term Employee Benefits KeyManagementPersonnelCompensationDeferredCashBasedShortTermEmployeeBenefits	1697000	eur
CY2022	san	Key Management Personnel Compensation Deferred Share Based Short Term Employee Benefits KeyManagementPersonnelCompensationDeferredShareBasedShortTermEmployeeBenefits	1697000	eur
CY2022	san	Key Management Personnel Compensation Short Term And Deferred KeyManagementPersonnelCompensationShortTermAndDeferred	14767000	eur
CY2022	ifrs-full	Key Management Personnel Compensation Postemployment Benefits KeyManagementPersonnelCompensationPostemploymentBenefits	1892000	eur
CY2022	san	Key Management Personnel Compensation Other Short Term Employee Benefits KeyManagementPersonnelCompensationOtherShortTermEmployeeBenefits	3719000	eur
CY2022	ifrs-full	Key Management Personnel Compensation Shortterm Employee Benefits KeyManagementPersonnelCompensationShorttermEmployeeBenefits	25071000	eur
CY2023	san	Key Management Personnel Compensation Other Long Term Employee Benefits Conditions Of Continued Service Period KeyManagementPersonnelCompensationOtherLongTermEmployeeBenefitsConditionsOfContinuedServicePeriod	P3Y
CY2023	san	Period For Investment In Bank Shares From Date Of Termination PeriodForInvestmentInBankSharesFromDateOfTermination	P5Y
CY2023	san	Payment Of Civil Liability Insurance Premium PaymentOfCivilLiabilityInsurancePremium	13200000	eur
CY2022	san	Payment Of Civil Liability Insurance Premium PaymentOfCivilLiabilityInsurancePremium	48200000	eur
CY2023	san	Variable Remuneration Maximum Achievement Ratio VariableRemunerationMaximumAchievementRatio	1.25
CY2023	ifrs-full	Summary Quantitative Data About Entitys Exposure To Risk SummaryQuantitativeDataAboutEntitysExposureToRisk	These transactions were made on terms equivalent to those that prevail in arm’s-length transactions or the related compensation in kind was recognized:<div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:38.603%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.832%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR thousand</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="9" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="9" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loans and credits</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Guarantees</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loans and credits</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Guarantees</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ana Botín</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">José Antonio Álvarez</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Bruce Carnegie-Brown</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Javier Botín</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Sol Daurella</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Belén Romana</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ramiro Mato</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Homaira Akbari</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Henrique de Castro</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pamela Walkden</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Luis Isasi</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Sergio Rial</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">1</span></div></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Héctor Grisi</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gina Díez Barroso</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Glenn Hutchins</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Germán de la Fuente</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">94</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">94</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">105</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">105</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">1. Ceased as director of Banco Santander, S.A. on 1 January 2023</span></div><div style="margin-bottom:9pt;margin-top:12pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.474%"><tr><td style="width:1.0%"></td><td style="width:46.887%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.906%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.907%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR Million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Of which: impaired</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Home purchase loans to families</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">61,097 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">924 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Without mortgage guarantee</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">215 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">With mortgage guarantee</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">60,882 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">908 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.474%"><tr><td style="width:1.0%"></td><td style="width:46.887%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.906%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.907%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR Million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Of which: impaired</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Home purchase loans to families</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">63,688 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,088 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Without mortgage guarantee</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">288 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">With mortgage guarantee</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">63,400 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,064 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.474%"><tr><td style="width:1.0%"></td><td style="width:46.887%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.906%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.907%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR Million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Of which: impaired</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Home purchase loans to families</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62,324 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,860 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Without mortgage guarantee</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">419 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">115 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">With mortgage guarantee</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">61,905 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,745 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:9pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:23.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR Million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Excess of gross exposure over maximum recoverable amount of effective collateral</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Specific allowance</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financing for construction and property development (including land) (business in Spain)</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,433</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">259</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Of which impaired</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">74</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Memorandum items written-off assets</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">346</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:69.579%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:28.221%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Memorandum items: Data from the public consolidated balance sheet</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR Million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Carrying amount</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total loans and advances to customers excluding the Public sector (business in Spain) (Book value)</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">241,695 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total consolidated assets (Total business) (Book value)</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,797,062 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impairment losses and credit risk allowances. Coverage for unimpaired assets (business in Spain)</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,230 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The following table shows the detail of the assets foreclosed by the businesses in Spain at the end of 2023:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:12pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:50.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR Million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross carrying amount</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Valuation adjustments</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Of which impairment losses on assets since time of foreclosure</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net Carrying amount</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Property assets arising from financing provided to construction and property development companies</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,901</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,801</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,072</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,100</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Completed buildings</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,054 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">615 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">519 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">439 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Residential</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">224 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">111 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">89 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">113 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">830 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">504 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">430 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">326 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Buildings under construction</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">101 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">45 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">36 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">56 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Residential</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">89 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">36 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">30 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">53 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Land</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,746 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,141 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,517 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,605 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Developed land</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,107 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">589 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">366 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">518 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other land</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,639 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,552 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,151 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,087 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Property assets from home purchase mortgage loans to households</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">473</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">197</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">131</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">276</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other foreclosed property assets</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">132</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">60</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">46</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">72</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total property assets</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,506</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,058</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,249</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,448</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:11.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.270%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.608%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Portfolio</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Country</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets designated at fair value through profit or loss</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets at fair value through other comprehensive income</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets at amortized cost</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Non-trading financial assets mandatorily at fair value through profit or loss</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total net direct exposure</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total net direct <br/>exposure</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,996 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">97 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34,534 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39,627 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29,095 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Portugal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">462 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,247 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,150 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,859 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,456 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Italy</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,187)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">415 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,366 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,594 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,415 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Greece</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ireland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Rest Eurozone</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,899 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">604 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,621 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,124 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,651 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">UK</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,261 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">607 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,919 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,787 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,106 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Poland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">194 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,340 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,733 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,267 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,715 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Rest of Europe</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,467 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">310 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,793 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">132 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,049 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,253 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,002 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,304 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23,298 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,715 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,273 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,745 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,733 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23,728 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,311 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,075 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,439 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,825 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,306 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">97 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,040 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,148 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,285 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,485 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Rest of America</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">277 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">543 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,430 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,250 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,964 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Rest of the World</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">229 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,843 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,455 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,527 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,542 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">25,319</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">43,804</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">91,852</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">160,975</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">134,893</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:27.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.607%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Current refinancing and restructuring balances</span></td></tr><tr><td colspan="24" style="border-bottom:1pt solid #ec0000;border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Amounts in EUR million, except number of transactions that are in units</span></td></tr><tr><td colspan="24" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="21" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Without real guarantee</span></td><td colspan="12" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">With real guarantee</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr style="height:26pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Maximum amount of the actual collateral that can be considered</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Impairment of accumulated value or accumulated losses in fair value due to credit risk</span></td></tr><tr style="height:18pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Number of transactions</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Gross amount</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Number of transactions</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Gross amount</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Real estate guarantee</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Rest of real guarantees</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit entities</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Public sector</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">12,851 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">437 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">37 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Other financial institutions and: individual shareholder</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,011 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">258 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">833 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">285 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">38 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">182 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">58 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Non-financial institutions and individual shareholder</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">728,123 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">7,709 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">61,110 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">6,977 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">4,079 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,461 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3,543 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">Of which financing for constructions and property development</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">14,236 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">106 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,035 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">506 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">415 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">41 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">134 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Other warehouses</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">4,400,346 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">6,107 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">507,378 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10,185 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">4,602 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">4,043 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">4,484 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">5,142,331</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">14,511</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">569,358</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">17,452</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">8,721</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">5,686</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">8,089</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Financing classified as non-current assets and disposable groups of items that have been classified as held for sale</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.279%"><tr><td style="width:1.0%"></td><td style="width:20.807%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.096%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.183%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.630%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.288%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.673%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.692%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.831%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Current refinancing and restructuring balances</span></td></tr><tr><td colspan="24" style="border-bottom:1pt solid #ec0000;border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Amounts in EUR million, except number of transactions that are in units</span></td></tr><tr><td colspan="24" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="24" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Of which, non-performing/Doubtful</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Without real guarantee</span></td><td colspan="12" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">With real guarantee</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr style="height:26pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Maximum amount of the actual collateral that can be considered</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Impairment of accumulated value or accumulated losses in fair value due to credit risk</span></td></tr><tr style="height:18pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Number of transactions</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Gross amount</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Number of<br/>transactions</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Gross amount</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Real estate guarantee</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Rest of real guarantees</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit entities</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Public sector</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Other financial institutions and: individual shareholder</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">472 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">25 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">428 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">107 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">21 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">51 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">50 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Non-financial institutions and individual shareholder</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">385,859 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3,307 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">37,225 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3,751 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,134 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">709 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3,078 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Of which financing for constructions and property development</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">7,759 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">56 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,155 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">235 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">183 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">18 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">112 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Other warehouses</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,092,099 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,593 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">293,433 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">5,257 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,744 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,394 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3,415 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2,478,437</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">5,928</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">331,093</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">9,116</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">3,900</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">3,154</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">6,546</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Financing classified as non-current assets and disposable groups of items that have been classified as held for sale</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The balance sheet items in the Group’s consolidated position that are subject to market risk are shown below, distinguishing those positions for which the main risk metric is VaR from those for which risk monitoring is carried out using other metrics:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:50.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.939%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Risk metric values on the consolidated balance sheet</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;text-align:justify"><span><br/></span></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;text-align:justify"><span><br/></span></div></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Main market risk metric</span></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;text-align:justify"><span><br/></span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance sheet amount</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">VaR</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Main risk factor for 'Other' balance</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets subject to market risk</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash, cash balances at central banks and other deposits on demand</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">220,342 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">220,342 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets held for trading</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">176,921 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">176,921 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-trading financial assets mandatorily at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,910 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,068 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,842 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate, spread</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets designated at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,773 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,360 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,413 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate, spread</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets designated at fair value through other comprehensive income</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">83,308 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,761 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">81,547 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate, spread</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets at amortized cost</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,191,403 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,191,403 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate, spread</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Hedging derivatives</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,297 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,297 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate, exchange rate</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of hedged items in portfolio hedges of interest risk</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(788)</span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(788)</span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other assets</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">104,896 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total assets</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,797,062</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities subject to market risk</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities held for trading</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">122,270 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">122,270 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities designated at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,367 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">450 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39,917 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate, spread</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities at amortized cost</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,468,703 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,468,703 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate, spread</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Hedging derivatives</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,656 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,656 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate, exchange rate</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of hedged items in portfolio hedges of interest rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">55 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">55 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other liabilities</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53,770 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total liabilities</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,692,821</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Equity</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">104,241</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td></tr></table></div>
CY2023	ifrs-full	Disclosure Of Loans And Advances To Banks Explanatory DisclosureOfLoansAndAdvancesToBanksExplanatory	Loans and advances to central banks and credit institutions<div style="margin-bottom:3pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The detail, by classification, type and currency, of Loans and advances to central banks and credit institutions in the consolidated balance sheets is as follows:</span></div><div style="margin-bottom:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:61.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.346%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">CENTRAL BANKS</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Classification</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Financial assets held for trading</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">17,717</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">11,595</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3,608</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Non-trading financial assets mandatorily at<br/>fair value through profit or loss</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Financial assets designated at fair value through profit or loss</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Financial assets designated at fair value<br/>through other comprehensive income</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Financial assets at amortised cost</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">20,082</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">15,375</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">15,657</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">37,799</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">26,970</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">19,265</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Type</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Time deposits</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">17,747</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">15,180</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">13,275</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Reverse repurchase agreements</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">20,052</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">11,790</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">5,990</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Impaired assets</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Valuation adjustments for impairment</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">37,799</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">26,970</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">19,265</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">CREDIT INSTITUTIONS</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Classification</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Financial assets held for trading</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">14,061</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">16,502</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10,397</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Non-trading financial assets mandatorily at<br/>fair value through profit or loss</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Financial assets designated at fair value through profit or loss</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">459</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">673</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3,152</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Financial assets designated at fair value<br/>through other comprehensive income</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">313</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Financial assets at amortised cost</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">57,917</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">46,518</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">39,169</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">72,750</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">63,693</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">52,718</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Type</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Time deposits</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">8,560</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">8,891</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10,684</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Reverse repurchase agreements</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">35,846</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">27,321</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">18,853</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Non- loans advances</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">28,353</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">27,487</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">23,188</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Impaired assets</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Valuation adjustments for impairment</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(9)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(6)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(8)</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">72,750</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">63,693</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">52,718</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">CURRENCY</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Euro</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">34,229</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">26,024</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">24,286</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Pound sterling</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3,539</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">4,474</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3,228</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">US dollar</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">17,602</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">18,468</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">12,639</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Brazilian real</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">47,151</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">34,863</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">24,011</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Other currencies</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">8,028</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">6,834</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">7,819</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">TOTAL</span></td><td colspan="3" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">110,549</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">90,663</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">71,983</span></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The loans and advances to credit institutions classified under 'Financial assets at amortised' cost are mainly time accounts and deposits.</span></div><div style="margin-bottom:7pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Note 51 contains a detail of their residual maturity periods.</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">This line item also includes irrevocable payment commitments to the Single Resolution Fund made in accordance with article 70.3 of Regulation 806/2014, which establishes uniform rules and a uniform procedure for the resolution of credit institutions and certain security service companies. investment within the framework of a Single Resolution Mechanism and a Single Resolution Fund, for which, in accordance with the standard, no provision has been recorded, these commitments have not been significant regarding the consolidated annual accounts.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At 31 December 2023 the gross exposure by impairment stage of the assets accounted subject to impairment for amounts to EUR 78,321 million, EUR 0 million and EUR 0 million (EUR 61,898, EUR 1 million and EUR 0 million in 2022 and EUR 54,833 million, EUR 0 million and EUR 1 million in 2021), and the loan loss provision by impairment stage amounts to EUR 9 million, EUR 0 million and EUR 0 million (EUR 6 million, EUR 0 million and EUR 0 million in 2022 and EUR 8 million, EUR 0 million and EUR 0 million in 2021) in stage 1, stage 2 and stage 3, respectively.</span></div><div><span><br/></span></div></div></div>
CY2023	ifrs-full	Disclosure Of Debt Securities Explanatory DisclosureOfDebtSecuritiesExplanatory	Debt securities<div style="margin-bottom:6pt;margin-top:9pt;padding-right:263.62pt"><span id="i2a76522e729f419e94b37708eb2dbb04"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">a) Detail</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The detail, by classification, type and currency, of Debt securities in the consolidated balance sheets is as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:62.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.012%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Classification</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets held for trading</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62,124 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41,403 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,750 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-trading financial assets mandatorily at fair value through profit or loss</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">860 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,134 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">957 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets designated at fair value through profit or loss</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,095 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,542 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,516 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets designated at fair value through other comprehensive income</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">73,565 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">75,083 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">97,922 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets at amortised cost</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">103,559 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">73,554 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35,708 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">243,203</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">193,716</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">163,853</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Type</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Spanish government debt securities</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,321 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,876 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,638 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Foreign government debt securities</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">145,732 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">121,018 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">102,976 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Issued by financial institutions</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,681 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,176 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,324 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other fixed-income securities</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42,294 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35,468 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,850 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impaired financial assets</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">461 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">404 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">280 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impairment losses</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(286)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(226)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(215)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">243,203</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">193,716</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">163,853</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Currency</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Euro</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">90,857 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">63,903 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45,197 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pound sterling</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,284 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,732 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,304 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US dollar</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38,161 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">37,749 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34,229 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazilian real</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46,190 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35,841 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35,907 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other currencies</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">58,997 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49,717 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42,431 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Debt securities excluding impairment adjustments</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">243,489</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">193,942</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">164,068</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impairment losses</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(286)</span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(226)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(215)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">243,203</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">193,716</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">163,853</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"> </span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The increase in the year of the debt securities portfolio under the heading 'Financial assets at fair value with changes in other comprehensive income' is mainly due to the increase in exposure in sovereign debt portfolio.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Likewise, the increase in the debt securities portfolio under the heading 'Financial assets at amortized cost' is due to the continuation of the strategy started in the previous year in which two new business models were created for the optimization of excess liquidity and the management of the maturity of the balance sheet credit and deposit portfolios.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At 31 December 2023, 2022 and 2021 the gross exposure by impairment stage of the book assets amounted to EUR 176,697 million, EUR 148,384 million and EUR 133,437 million in stage 1; EUR 203 million, EUR 75 million and EUR 128 million in stage 2, and EUR 461 million, EUR 404 million and EUR 280 million in stage 3, respectively.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In addition, at 31 December 2023, the Group had EUR 49 million of exposure in assets purchased with impairments, which correspond mainly to the business combinations carried out by the Group with any additional impairment signs.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:6pt;margin-top:15pt;padding-right:263.62pt"><span id="i3adc17340af841edbc34a05c9abed8f5"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">b) Breakdown</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The breakdown, by origin of the issuer, of debt securities at 31 December 2023, 2022 and 2021, net of impairment losses, is as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:15.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.974%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.392%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.566%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.392%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.572%"></td><td style="width:0.1%"></td></tr><tr><td colspan="45" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="12" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="12" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="12" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Private fixed-income</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Public fixed-income</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Private fixed-income</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Public fixed-income</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Private fixed-income</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Public fixed-income</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,525 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,321 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42,846 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17.62 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,015 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,876 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,891 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14.40 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,773 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,638 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,411 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14.90 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,816 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,748 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,564 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.11 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,545 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,013 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,558 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.87 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,334 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,097 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,431 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.31 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Portugal</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,826 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,815 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,641 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.14 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,572 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,603 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,175 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.19 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,008 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,845 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,853 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.18 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Italy</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,968 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,945 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,913 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.54 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,948 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,329 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,277 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.31 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,215 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,531 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,746 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.68 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ireland</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,632 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,643 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.32 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,141 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,152 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.18 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,759 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">52 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,811 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.94 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Poland</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,937 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,482 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,419 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.34 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,830 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,443 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,273 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.34 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,848 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,727 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,575 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.51 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other European countries</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,797 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,495 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,292 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.40 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,161 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,655 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,816 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.20 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,922 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,422 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,344 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.53 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,959 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,992 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31,951 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.14 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,950 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,318 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31,268 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16.14 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,634 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,465 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,099 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16.54 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,551 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32,342 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45,893 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18.87 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,201 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28,191 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">37,392 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19.30 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,446 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29,251 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34,697 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21.18 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,969 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,738 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,707 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.34 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">481 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,578 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,059 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.32 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">517 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,572 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,089 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.21 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,995 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,044 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.95 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,009 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,037 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.18 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,467 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,518 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.81 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other American countries</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,315 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,546 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,861 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.00 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,560 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,960 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,520 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.88 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">655 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,128 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,783 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.70 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Rest of the world</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">806 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,623 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,429 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.23 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">390 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,908 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,298 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.70 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">77 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,419 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,496 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.52 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">57,150</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">186,053</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">243,203</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">100</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">45,822</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">147,894</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">193,716</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">100</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">40,239</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">123,614</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">163,853</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">100</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr></table></div><div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The detail, by issuer rating, of Debt securities at 31 December 2023, 2022 and 2021 is as follows:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:12.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.159%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.270%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.277%"></td><td style="width:0.1%"></td></tr><tr><td colspan="45" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="12" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="12" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="12" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Private fixed-income</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Public fixed-income</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Private fixed-income</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Public fixed-income</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Private fixed-income</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Public fixed-income</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 7.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">AAA</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,152 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;text-indent:-0.01pt;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,887 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23,039 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.47 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,481 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,494 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,975 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.80 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,956 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,773 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,729 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.82 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 7.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">AA</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,142 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;text-indent:-0.01pt;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36,704 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51,846 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21.32 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,542 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30,502 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,044 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20.67 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,005 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,355 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28,360 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17.31 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 7.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">A</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,175 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;text-indent:-0.01pt;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">68,112 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">79,287 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32.60 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,058 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48,341 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">58,399 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30.15 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,594 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,359 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">52,953 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32.32 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 7.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">BBB</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,749 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;text-indent:-0.01pt;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39,173 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46,922 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19.29 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,181 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29,900 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35,081 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18.11 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,234 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,304 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,538 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15.59 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 7.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Below BBB</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,654 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;text-indent:-0.01pt;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34,177 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38,831 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15.97 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,974 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33,657 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36,631 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18.91 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,584 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30,823 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34,407 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21.00 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 7.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Unrated</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,278 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;text-indent:-0.01pt;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,278 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.35 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,586 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,586 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.37 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,866 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,866 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.97 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">57,150</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">186,053</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">243,203</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">100</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">45,822</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">147,894</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">193,716</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">100</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">40,239</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">123,614</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">163,853</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">100</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">During 2023, 2022 and 2021, the distribution of the exposure by rating level of the previous table has not been affected by ratings reviews of the sovereign issuers.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The detail, by type of financial instrument, of private fixed-income securities at 31 December 2023, 2022 and 2021, net of impairment losses, is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:49.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.259%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 7.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Securitised mortgage bonds</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,310 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,222 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,806 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 7.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other asset-backed bonds</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,243 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,120 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,304 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 7.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Floating rate debt</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,376 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,397 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,081 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 7.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Fixed rate debt</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,221 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,083 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,048 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 7.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">57,150</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">45,822</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">40,239</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:6pt"><span id="if4701680fff04e41b43a1362d346b563"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">c) Impairment losses</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The changes in the impairment losses on debt securities are summarised below:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:53.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.023%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.023%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.025%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balance at beginning of year</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">226 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">215 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">284 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net impairment losses for the year</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">24 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Impairment losses charged to income </span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">36 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">30 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">49 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Impairment losses reversed with a credit to income</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(12)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(14)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(21)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other items</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(97)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at end of year</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">286</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">226</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">215</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">By geographical location of risk:</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">European Union</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">22 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">26 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">25 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Latin America</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">264 </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">200 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">190 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt;margin-top:6pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Of the EUR 24 million corresponding to net provisions for the year ended 31 December 2023 (EUR 16 million and EUR 28 million at 31 December 2022 and 2021, respectively), EUR 23 million relates to financial assets at amortized cost (EUR 17 million and EUR 31 million at 31 December 2022 and 2021, respectively) and EUR 1 million relates to financial assets designated at fair value through other comprehensive income (EUR -1 million and EUR -3 million at 31 December 2022 and 2021, respectively).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At 31 December 2023, 2022 and 2021 the loan loss provision by impairment stage of the assets accounted for under IFRS9 amounted to EUR 30 million, EUR 25 million and EUR 26 million in stage 1, EUR 8 million, EUR 2 million and EUR 8 million in stage 2, and EUR 248 million, EUR 199 million and EUR 181 million in stage 3, respectively.</span></div>
CY2023Q4	ifrs-full	Financial Assets FinancialAssets	243203000000	eur
CY2022Q4	ifrs-full	Financial Assets FinancialAssets	193716000000	eur
CY2021Q4	ifrs-full	Financial Assets FinancialAssets	163853000000	eur
CY2023Q4	ifrs-full	Financial Assets FinancialAssets	243203000000	eur
CY2022Q4	ifrs-full	Financial Assets FinancialAssets	193716000000	eur
CY2021Q4	ifrs-full	Financial Assets FinancialAssets	163853000000	eur
CY2022Q4	ifrs-full	Financial Assets FinancialAssets	193716000000	eur
CY2022Q4	san	Financial Assets Percentage FinancialAssetsPercentage	1
CY2021Q4	ifrs-full	Financial Assets FinancialAssets	163853000000	eur
CY2021Q4	san	Financial Assets Percentage FinancialAssetsPercentage	1
CY2023	ifrs-full	Disclosure Of Detailed Information About Financial Instruments Explanatory DisclosureOfDetailedInformationAboutFinancialInstrumentsExplanatory	<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The detail, by type of financial instrument, of private fixed-income securities at 31 December 2023, 2022 and 2021, net of impairment losses, is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:49.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.259%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 7.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Securitised mortgage bonds</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,310 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,222 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,806 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 7.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other asset-backed bonds</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,243 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,120 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,304 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 7.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Floating rate debt</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,376 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,397 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,081 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 7.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Fixed rate debt</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,221 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,083 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,048 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 7.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">57,150</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">45,822</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">40,239</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>
CY2023	ifrs-full	Disclosure Of Reconciliation Of Changes In Loss Allowance And Explanation Of Changes In Gross Carrying Amount For Financial Instruments Explanatory DisclosureOfReconciliationOfChangesInLossAllowanceAndExplanationOfChangesInGrossCarryingAmountForFinancialInstrumentsExplanatory	<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The changes in the impairment losses on debt securities are summarised below:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:53.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.023%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.023%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.025%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balance at beginning of year</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">226 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">215 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">284 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net impairment losses for the year</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">24 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Impairment losses charged to income </span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">36 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">30 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">49 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Impairment losses reversed with a credit to income</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(12)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(14)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(21)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other items</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(97)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at end of year</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">286</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">226</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">215</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">By geographical location of risk:</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">European Union</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">22 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">26 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">25 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Latin America</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">264 </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">200 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">190 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt;margin-top:6pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Of the EUR 24 million corresponding to net provisions for the year ended 31 December 2023 (EUR 16 million and EUR 28 million at 31 December 2022 and 2021, respectively), EUR 23 million relates to financial assets at amortized cost (EUR 17 million and EUR 31 million at 31 December 2022 and 2021, respectively) and EUR 1 million relates to financial assets designated at fair value through other comprehensive income (EUR -1 million and EUR -3 million at 31 December 2022 and 2021, respectively).</span></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Following is the movement of the loan loss provision broken down by impairment stage of loans and advances to customers during 2023, 2022 and 2021:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:39.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.023%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.025%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="15" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loss allowance at the beginning of the year</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,626 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,127 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,931 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,684 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfers</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 2 from stage 1</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(696)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,954 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,258 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 3 from stage 1</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(405)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,278 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,873 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 3 from stage 2</span></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,820)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,721 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,901 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 1 from stage 2</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">149 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(905)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(756)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 2 from stage 3</span></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">282 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(920)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(638)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 1 from stage 3</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(184)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(157)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net changes of the exposure and modifications in the credit risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">875 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(557)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,212 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,530 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Write-offs</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,847)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,847)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">FX and other movements</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(127)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(60)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loss allowance at the end of the year</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,596</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,954</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,238</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22,788</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:40.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td></tr><tr><td colspan="15" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loss allowance at the beginning of the year</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,188 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,226 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,550 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,964 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfers</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 2 from stage 1</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(713)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,046 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,333 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 3 from stage 1</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(557)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,586 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,029 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 3 from stage 2</span></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,802)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,182 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,380 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 1 from stage 2</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">215 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(894)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(679)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 2 from stage 3</span></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">400 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(933)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(533)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 1 from stage 3</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(161)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(152)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net changes of the exposure and modifications in the credit risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">414 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,056)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,940 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,298 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Write-offs</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12,235)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12,235)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">FX and other movements</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">70 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">207 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">279 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loss allowance at the end of the year</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,626</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,127</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,931</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22,684</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div></div><div style="margin-bottom:3pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:40.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="15" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loss allowance at the beginning of the year</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,265 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,672 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,658 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23,595 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfers</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 2 from stage 1</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(578)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,968 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,390 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 3 from stage 1</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(237)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,209 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,972 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 3 from stage 2</span></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,086)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,474 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,388 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 1 from stage 2</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">254 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,025)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(771)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 2 from stage 3</span></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">216 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(760)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(544)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 1 from stage 3</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(67)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(59)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net changes of the exposure and modifications in the credit risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">617 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,557)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,326 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,386 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Write-offs</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9,089)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9,089)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">FX and other movements</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(141)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(201)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(304)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loss allowance at the end of the year</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,188</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,226</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,550</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22,964</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The changes in gross property development loans to customers were as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:40.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.346%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at beginning of year</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,327</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,625</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,871</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Foreclosed assets</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net variation</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">115</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(295)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(230)</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Written-off assets</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(15)</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at end of year</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,433</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,327</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,625</span></td></tr></table></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The gross movement in foreclosed properties were as follows (EUR billion):</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:38.097%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.579%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.961%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.963%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR Billion</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross additions</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.3 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.2</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.4</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Disposals</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.2)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.3)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.1)</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Difference</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.9)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.1)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.7)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div>
CY2023	ifrs-full	Disclosure Of Loans And Advances To Customers Explanatory DisclosureOfLoansAndAdvancesToCustomersExplanatory	Loans and advances to customers<div style="margin-bottom:6pt;margin-top:9pt"><span id="i3f0acd460824492598b403832c7ae054"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">a) Detail</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The detail, by classification, of Loans and advances to customers in the consolidated balance sheets is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:47.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.109%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.259%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets held for trading</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,634 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,550 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,829 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-trading financial assets mandatorily at fair value through<br/>profit or loss</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">982 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">868 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">537 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets designated at fair value through profit or loss</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,219 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,774 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,289 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets at fair value through other comprehensive income</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,669 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,215 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,663 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets at amortized cost</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,009,845 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,011,597 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">947,364 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Impairment losses</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(22,788)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(22,684)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(22,964)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,036,349 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,036,004 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">972,682 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loans and advances to customers disregarding impairment losses </span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,059,137</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,058,688</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">995,646</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Note 51 contains a detail of the residual maturity periods of 'Financial assets at amortized cost'.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Note 54 shows the Group’s total exposure, by geographical origin of the issuer.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">There are no loans and advances to customers for material amounts without fixed maturity dates.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:9pt"><span id="iba19fd0a5b40487aa330e963b3770dd2"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">b) Breakdown</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Following is a breakdown of the loans and advances granted to the Group's customers, which reflect the Group's exposure to credit risk in its main activity, without considering the balance of value adjustments for impairment, taking into account the type and situation of the transactions, the geographical area of their residence and the type of interest rate on the transactions:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:51.677%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.643%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan type and status</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Commercial credit</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">55,628 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">56,688 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49,603 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Secured loans</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">554,375 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">565,609 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">542,404 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Reverse repurchase agreements</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,184 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39,500 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33,264 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other term loans</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">295,485 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">290,031 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">269,526 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Finance leases</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38,723 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39,833 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38,503 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Receivable on demand</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,277 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,435 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,304 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit cards receivables</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,371 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,704 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,397 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impaired assets</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34,094 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32,888 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31,645 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,059,137</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,058,688</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">995,646</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Geographical area</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">203,680 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">212,804 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">216,741 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">European Union (excluding Spain)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">211,368 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">202,958 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">190,032 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">United States and Puerto Rico</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">126,894 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">125,436 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">102,491 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other OECD countries</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">374,812 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">385,906 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">374,729 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">South America (non - OECD)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">120,610 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">112,803 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">94,010 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Rest of the world</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,773 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,781 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,643 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,059,137</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,058,688</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">995,646</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate formula</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Fixed rate</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">647,349 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">642,537 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">593,645 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Floating rate</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">411,788 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">416,151 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">402,001 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,059,137</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,058,688</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">995,646</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Includes, mainly, customers from the United Kingdom.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At 31 December 2023, 2022 and 2021 the Group had granted loans amounting to EUR 15,544 million, EUR 14,698 million and EUR 14,131 million to Spanish public sector agencies which had a rating at 31 December 2023 of A (ratings of A at 31 December 2022 and 31 December 2021), and EUR 11,530 million, EUR 12,467 million, and EUR 10,263 million to the public sector in other countries (at 31 December 2023, the breakdown of this amount by issuer rating was as follows: 3.2% AAA, 15.7% AA, 1% A, 69.5% BBB, 8.9% below BBB and 1.7% without rating).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Without considering the public administrations, the amount of the loans and advances at 31 December 2023, 2022 and 2021 amounts to EUR 1,032,063 million, EUR 1,031,523 million and EUR 971,252 million, of which, EUR 998,010 million, EUR 998,689 million and EUR 939,645 million are classified as performing, respectively.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Following is a detail, by activity, of the loans to customers at 31 December 2023, net of impairment losses:</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:28.085%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.048%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.460%"></td><td style="width:0.1%"></td></tr><tr><td colspan="33" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="24" style="border-bottom:1pt solid #ec0000;border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Secured loans</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net exposure</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span id="i46c73a87beb044ec915fa2e537ff97f1"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan to value ratio</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Without <br/>collateral</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Of which<br/>property<br/> collateral</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Of which<br/>other<br/> collateral</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Less than or equal to 40%</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More<br/>than 40% and less than or equal<br/>to 60%</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More<br/>than 60% and less than or equal<br/>to 80%</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More<br/>than 80% and less than or equal<br/>to 100%</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than 100%</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Public sector</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,244 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23,933 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">185 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">126 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">78 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">68 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">111 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other financial institutions (financial business activity)</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">86,908 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32,499 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,307 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">52,102 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,101 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,030 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">787 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49,638 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">853 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-financial corporations and individual entrepreneurs (non-financial business activity) (broken down by purpose)</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">346,211 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">191,266 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">73,311 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">81,634 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33,074 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,279 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,263 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47,483 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,846 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Construction and property development</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">18,156 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,887 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14,452 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,817 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,401 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,326 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,364 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,954 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,224 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Civil engineering construction</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,125 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,898 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">192 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,035 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">112 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">149 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">191 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">739 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">36 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Large companies</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">189,654 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">123,353 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">24,368 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">41,933 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14,610 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,958 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,504 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">24,357 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11,872 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">SMEs and individual entrepreneurs</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">135,276 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">64,128 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">34,299 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">36,849 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12,951 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13,846 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13,204 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19,433 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11,714 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Households – other (broken down by purpose) </span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">560,457 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">113,611 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">359,020 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">87,826 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">103,277 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">126,351 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">124,879 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">54,229 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38,110 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Residential</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">352,181 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,479 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">350,128 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">574 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">94,426 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">116,017 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">113,764 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">23,951 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,544 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Consumer loans</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">190,457 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">108,485 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,270 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">79,702 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,411 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,968 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,586 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">25,124 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">34,883 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other purposes</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">17,819 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,647 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,622 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,550 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,440 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,366 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,529 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,154 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">683 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,017,820</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">361,309</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">434,823</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">221,688</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">138,530</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">154,728</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">147,958</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">151,461</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">63,834</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Memorandum item</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Refinanced and restructured transactions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-style:italic;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23,874 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,208 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,024 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,642 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,383 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,878 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,030 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,910 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,465 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:3pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">In addition, the Group has granted advances to customers amounti</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">ng to EUR 18,529 million, bringing the total of loans and advances to EUR 1,036,349 million.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.48pt">Includes the net balance of the impairment of the accumulated value or accumulated losses in the fair value due to credit risk.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.7pt">The ratio is the carrying amount of the transactions at 31 December 2023 provided by the latest available appraisal value of the collateral.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;margin-top:12pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Note 54 contains information relating to the forborne loan portfolio.</span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Following is the movement of the gross exposure broken down by impairment stage of loans and advances to customers recognised under "Financial assets at amortised cost" and “Financial assets at fair value through other comprehensive income” during 2023, 2022 and 2020:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:38.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.023%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.259%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="15" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balance at the beginning of year</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">942,861 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">66,696 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32,617 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,042,174 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Movements</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfers</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 2 from stage 1</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(43,278)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,278 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 3 from stage 1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12,636)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,636 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 3 from stage 2</span></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9,915)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,915 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 1 from stage 2</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,180 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(15,180)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 2 from stage 3</span></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,899 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,899)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 1 from stage 3</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">488 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(488)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net changes on financial assets</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29,696 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10,673)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,218)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,805 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Write-offs</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,847)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,847)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and others</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,178)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(451)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">105 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,524)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at the end of the year</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">929,133</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">76,654</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">33,821</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,039,608</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:38.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.876%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td></tr><tr><td colspan="15" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balance at the beginning of year</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">878,700 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">67,584 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31,287 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">977,571 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Movements</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfers </span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 2 from stage 1</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(31,811)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31,811 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 3 from stage 1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11,143)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,143 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 3 from stage 2</span></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8,487)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,487 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 1 from stage 2</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,907 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(18,907)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 2 from stage 3</span></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,250 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,250)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 1 from stage 3</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">456 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(456)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net changes on financial assets </span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">86,459 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8,839)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,568)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">75,052 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Write-offs</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12,235)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12,235)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and others</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,293 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">284 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">209 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,786 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at the end of the year</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">942,861</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">66,696</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">32,617</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,042,174</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-top:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:39.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.023%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.025%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="15" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balance at the beginning of year</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">817,906 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">66,104 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30,318 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">914,328 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Movements</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfers</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 2 from stage 1</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(33,051)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33,051 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 3 from stage 1</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6,617)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,617 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 3 from stage 2</span></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,836)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,836 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 1 from stage 2</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,796 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(17,796)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 2 from stage 3</span></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,865 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,865)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 1 from stage 3</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">271 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(271)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net changes on financial assets</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62,629 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11,629)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(719)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50,281 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Write-offs</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9,089)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9,089)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and others</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,766 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,825 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">460 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,051 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at the end of the year</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">878,700</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">67,584</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31,287</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">977,571</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">It includes the effect of the stage 3 definition alignment with the accounting default definition, mainly by Santander Consumer USA.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In addition, at 31 December 2023, the Group had EUR 694 million (EUR 322 million at 31 December 2022 and EUR 420 million at 31 December 2021) of exposure in assets purchased with impairment of which EUR 273 million still show signs of additional impairment, which correspond mainly to the business combinations carried out by the Group.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span><br/></span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:9pt"><span id="i4d0586030bc24386bf0e3c378b7159e0"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">c) Impairment losses on loans and advances to customers at amortised cost and at fair value through other comprehensive income</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The changes in the impairment losses on the assets making up the balances of financial assets at amortised cost and at fair value through other comprehensive income - Loans and advances - Customers:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:55.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Amount at beginning of the year</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,684 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,964 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23,595 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impairment losses charged to income for the year</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,011 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,676 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,762 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Impairment losses charged to profit or loss</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">21,413 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19,879 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">18,240 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Impairment losses reversed with a credit to profit or loss</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(7,402)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(8,203)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(9,478)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Change of perimeter</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(48)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Write-off of impaired balances against recorded impairment allowance</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,847)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12,235)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9,089)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other changes</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">279 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(304)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Amount at end of the year</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22,788</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22,684</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22,964</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Which correspond to:</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Impaired assets</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14,238 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13,931 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13,550 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other assets</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,550 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,753 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9,414 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Individually calculated</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,951 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,493 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,496 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Collective calculated</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19,837 </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20,191 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20,468 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In addition, provisions for debt securities amounting to EUR 24 million were recorded at 31 December 2023 (provisions amounting to EUR 16 million and EUR 28 million as of 31 December 2022 and 2021, respectively), written-off assets recoveries have been recorded in the year amounting to EUR 1,592 million at 31 December 2023 (EUR 1,459 million and EUR 1,383 million at 31 December 2022 and 2021, respectively). </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">EUR 513 million were recorded in the account for losses on renegotiation or contractual modification at 31 December 2023 (EUR 630 and EUR 0 million at 31 December 2022 and 2021, respectively) mainly due to the impact of the adjustment of the gross amount of mortgage loans denominated and indexed to foreign currencies in Poland, and of the Moratorium law approved in July 2022 in this same country (see note 25.e.)</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">With this, the impairment recorded in Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes: 'Financial assets at fair value through other comprehensive income' and 'Financial assets at amortised cost (IFRS 9) and, Loans and receivables (IAS 39)'; amounts EUR 12,956 million at 31 December 2023 (EUR 10,863 million and EUR 7,407 million at 31 December 2022 and 2021, respectively).</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Following is the movement of the loan loss provision broken down by impairment stage of loans and advances to customers during 2023, 2022 and 2021:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:39.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.023%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.025%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="15" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loss allowance at the beginning of the year</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,626 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,127 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,931 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,684 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfers</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 2 from stage 1</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(696)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,954 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,258 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 3 from stage 1</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(405)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,278 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,873 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 3 from stage 2</span></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,820)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,721 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,901 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 1 from stage 2</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">149 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(905)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(756)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 2 from stage 3</span></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">282 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(920)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(638)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 1 from stage 3</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(184)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(157)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net changes of the exposure and modifications in the credit risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">875 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(557)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,212 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,530 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Write-offs</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,847)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,847)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">FX and other movements</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(127)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(60)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loss allowance at the end of the year</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,596</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,954</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,238</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22,788</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:40.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td></tr><tr><td colspan="15" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loss allowance at the beginning of the year</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,188 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,226 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,550 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,964 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfers</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 2 from stage 1</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(713)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,046 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,333 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 3 from stage 1</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(557)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,586 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,029 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 3 from stage 2</span></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,802)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,182 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,380 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 1 from stage 2</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">215 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(894)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(679)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 2 from stage 3</span></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">400 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(933)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(533)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 1 from stage 3</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(161)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(152)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net changes of the exposure and modifications in the credit risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">414 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,056)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,940 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,298 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Write-offs</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12,235)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12,235)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">FX and other movements</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">70 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">207 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">279 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loss allowance at the end of the year</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,626</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,127</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,931</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22,684</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:40.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="15" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loss allowance at the beginning of the year</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,265 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,672 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,658 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23,595 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfers</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 2 from stage 1</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(578)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,968 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,390 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 3 from stage 1</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(237)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,209 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,972 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 3 from stage 2</span></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,086)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,474 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,388 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 1 from stage 2</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">254 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,025)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(771)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 2 from stage 3</span></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">216 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(760)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(544)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 1 from stage 3</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(67)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(59)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net changes of the exposure and modifications in the credit risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">617 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,557)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,326 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,386 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Write-offs</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9,089)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9,089)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">FX and other movements</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(141)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(201)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(304)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loss allowance at the end of the year</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,188</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,226</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,550</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22,964</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i239c894c2ecc42598360c9100d9afd57"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">d) Impaired assets and assets with unpaid past-due amounts</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The detail of the changes in the balance of the financial assets classified as 'Financial assets Loans to customers' considered to be impaired due to credit risk is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:51.677%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.643%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balance at beginning of year</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32,888 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31,645 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30,815 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net additions</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,944 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,060 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,390 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Written-off assets</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,847)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12,235)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9,089)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the scope of consolidation</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(59)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">168 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">418 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">529 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at end of year</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">34,094</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">32,888</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31,645</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">This amount, after deducting the related allowances, represents the Group’s best estimate of the discounted value of the flows that are expected to be recovered from the impaired assets.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At 31 December 2023, the Group’s written-off assets totalled EUR 48,138 million (EUR 43,675 million and EUR 40,585 million at 31 December 2022 and 2021, respectively).</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Set forth below for each class of impaired asset are the gross amount, associated allowances and information relating to the collateral and/or other credit enhancements obtained at 31 December 2023:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:41.801%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.109%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.346%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross<br/>amount</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Allowance recognised</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span id="i1da5465a1f914fb2b37f0574cf8c1478"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Estimated collateral<br/>value</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Without associated real collateral</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,375 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,102 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">With real estate collateral</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,373 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,583 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,682 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">With other collateral</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,346 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,553 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,213 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">34,094</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,238</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,895</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Including the estimated value of the collateral associated with each loan. Accordingly, any other cash flows that may be obtained, such as those arising from borrowers’ personal guarantees, are not included.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">When classifying assets in the previous table, the main factors considered by the Group to determine whether an asset has become impaired are the existence of amounts past due —assets impaired due to arrears— or other circumstances that may arise which will not result in all contractual cash flows being recovered, such as a deterioration of the borrower’s financial situation, the worsening of its capacity to generate funds or difficulties experienced by it in accessing credit.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="if9abef35f16549b19f178459962e7ff5"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:130%">e) Transferred credits</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">'Loans and advances to customers' includes, inter alia, the securitised loans transferred to third parties on which the Group has retained the risks and rewards, albeit partially, and which therefore, in accordance with the applicable accounting standards, cannot be derecognised. This is mainly due to mortgage loans, loans to companies and consumer loans in which the group retains subordinate financing and/or grants some kind of credit enhancement to new holders.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Securitisation is used as a tool for the management of regulatory capital and as a means of diversifying the Group's liquidity sources.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The breakdown of securitized loans held on the balance sheet, according to the nature of the financial instrument in which they are originated, is shown below:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:49.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.259%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Retained on the balance sheet</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">75,738 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">82,603 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">80,600 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Securitised mortgage assets</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">16,994 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">16,265 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19,523 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which: UK assets</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,096 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,144 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,295 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other securitised assets</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">58,744 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">66,338 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">61,077 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt;text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">75,738</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">82,603</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">80,600</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Note 22 details the liabilities associated with these securitisation transactions.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At 31 December 2023, Grupo Santander had loans that had been fully derecognised and for which it retained servicing amounting to EUR 13,923 million (EUR 13,711 million and EUR 14,141 million at 31 December 2022 and 2021, respectively).</span></div></div></div>
CY2023Q4	san	Loans To Customers Net Of Impairment Losses LoansToCustomersNetOfImpairmentLosses	1017820000000	eur
CY2023Q4	san	Refinanced And Restructured Transactions RefinancedAndRestructuredTransactions	23874000000	eur
CY2023Q4	san	Advances To Customers AdvancesToCustomers	18529000000	eur
CY2023	ifrs-full	Disclosure Of Transfers Of Financial Assets Explanatory DisclosureOfTransfersOfFinancialAssetsExplanatory	<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The breakdown of securitized loans held on the balance sheet, according to the nature of the financial instrument in which they are originated, is shown below:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:49.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.259%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Retained on the balance sheet</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">75,738 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">82,603 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">80,600 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Securitised mortgage assets</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">16,994 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">16,265 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19,523 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which: UK assets</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,096 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,144 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,295 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other securitised assets</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">58,744 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">66,338 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">61,077 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt;text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">75,738</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">82,603</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">80,600</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Note 22 details the liabilities associated with these securitisation transactions.</span></div>
CY2023	ifrs-full	Disclosure Of Derivative Financial Instruments Explanatory DisclosureOfDerivativeFinancialInstrumentsExplanatory	Trading derivatives<div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The detail of the notional amounts and the market values of the trading derivatives held by the Group in 2023, 2022 and 2021 is as follows:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:36.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.976%"></td><td style="width:0.1%"></td></tr><tr><td colspan="27" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Notional amount</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Market<br/>value</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Notional amount</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Market<br/>value</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Notional amount</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Market<br/>value</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#424242;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Trading derivatives</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Forward rate agreements</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">829,913 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">100,579 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">147,603 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate swaps</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,381,966 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,514 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,844,043 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,387 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,920,945 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,931 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Options, futures and other derivatives</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">398,519 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(51)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">495,994 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,261)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">508,723 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(228)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit risk</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit default swaps</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,462 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(86)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,185 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,571 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">436 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Foreign currency risk</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Foreign currency purchases and sales</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">471,955 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">384,024 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">423 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">329,781 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(664)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Foreign currency options</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">77,934 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">288 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">54,967 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">150 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49,680 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(114)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Currency swaps</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">586,405 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(581)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">496,441 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(245)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">430,644 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,293)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Securities and commodities derivatives and other</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">68,664 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">619 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">71,237 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">641 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">69,850 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">669 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,837,818</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,739</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,463,470</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,111</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,470,797</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">726</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>
CY2023	ifrs-full	Disclosure Of Noncurrent Assets Or Disposal Groups Classified As Held For Sale Explanatory DisclosureOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory	Non-current assets<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The detail of Non-current assets held for sale in the consolidated balance sheets is as follows: </span></div><div style="margin-bottom:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:55.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tangible assets</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,991 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,435 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,089 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Foreclosed assets</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,773 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,101 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,651 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which property assets in Spain</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,138 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,596 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,120 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other tangible assets held for sale</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">218 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">334 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">438 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other assets</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,014</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,453</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,089</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%"> </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:115%">At 31 December 2023, the provisions recognised for the total non-current assets held for sale totalled EUR 2,956 million (EUR 3,425 million and EUR 3,811 million at 31 December 2022 and 2021, respectively). The charges recorded in those years amounted to EUR 139 million, EUR 204 million and EUR 239 million, respectively, and the recoveries during these exercises are amounted to EUR 88 million, EUR 110 million and EUR 98 million, respectively.</span></div>
CY2023	ifrs-full	Disclosure Of Interests In Other Entities Explanatory DisclosureOfInterestsInOtherEntitiesExplanatory	Investments<div style="margin-bottom:6pt;margin-top:9pt"><span id="i685881de83d2445fb08391dd654d9884"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">a) Breakdown</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The detail, by company, of Investments is as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:64.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.319%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.319%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.322%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Associated entities</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,682</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,634</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,833</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Merlin Properties, SOCIMI, S.A.</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,621 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,653 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,640 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Caceis</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,139 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,046 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">975 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Zurich Santander Insurance<br/>America, S.L. - Consolidated</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">936 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">916 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">826 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Metrovacesa, S.A.</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">899 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">979 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,087 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CNP Santander</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">423 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">406 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">418 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ebury Partners Limited (note 3)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">394 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other companies</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">664 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">634 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">493 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:9pt"><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Joint Ventures entities</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,964</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,981</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,692</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Caceis Latam Holding 1, S.L. - Consolidated (previously Santander Securities Services Latam Holding, S.L)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">389 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">359 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">334 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Vida Seguros y Reaseguros, S.A.</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">362 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">356 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">378 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">U.C.I., S.A. - Consolidated</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">349 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">416 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">228 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Fortune Auto Finance Co., Ltd.</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">254 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">244 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">222 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Hyundai Capital UK Limited</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">205 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">223 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">201 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco RCI Brasil S.A.</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">92 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">95 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">92 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other companies</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">313 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">288 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">237 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total Associated entities and Joint ventures</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,646</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,615</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,525</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Of the entities included above, at 31 December 2023, the entities Merlin Properties, SOCIMI, S.A, and Metrovacesa S.A. and Compañía Española de Viviendas en Alquiler, S.A., are the only listed companies.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Below is a breakdown of the Goodwill of the main investments in joint ventures and associates included in the balance of this heading:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:50.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.949%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.949%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.951%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Goodwill</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,460</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,508</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,723</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Zurich Santander Insurance America, S.L. - Consolidated</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">526 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">526 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">526 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Caceis</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">337 </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">337 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">337 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:6pt;margin-top:9pt"><span id="if6b469df7d5d4e128d574e79ee0965e9"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">b) Changes</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The changes in the investments were as follows:</span></div><div style="margin-bottom:15pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:58.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.480%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.480%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.481%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balance at beginning of year</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,615 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,525 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,622 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Acquisitions (disposals) of companies and capital increases (reductions)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">52 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">142 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">94 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the consolidation method (note 3)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(43)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(320)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Ebury Partners Limited </span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(382)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Effect of equity accounting</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">613 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">702 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">432 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Dividends distributed and reimbursements of share premium</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(565)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(560)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(662)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Zurich Santander Insurance América, S.L. - Consolidado</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(202)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(160)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(230)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Caceis</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(144)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Hyundai Capital UK Limited</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(58)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Santander Vida Seguros y Reaseguros, S.A.- Consolidated</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(52)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(40)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(31)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">CNP Santander</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(51)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(15)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(60)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Merlin Properties, SOCIMI, S.A.</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(51)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(139)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(52)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Metrovacesa, S.A.</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(50)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(124)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(60)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other global result</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(24)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">70 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other changes</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">56 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">52 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at end of year</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,646</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,615</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,525</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i35cb057bd3c145e3a57046205ec09da1"></span><span style="background-color:#ffffff;color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">c) Impairment adjustments</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">During the years 2023, 2022 and 2021 there was no evidence of significant impairment in the Group's associated interests.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:9pt"><span id="i87d8b7e9ac514f00969ac1602da34150"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">d) Other information</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:119%">A summary of the financial information at the end of December 2023 of the main associates and joint ventures (obtained from the information available at the date of preparation of the consolidated financial statements) is shown below:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:17.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.677%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.862%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.392%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.573%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="36" style="border-bottom:0.5pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="15" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Associates</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span id="i5ec7c45f2827458fa1a588c07477d7c3"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">Merlin Properties, SOCIMI, S.A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:3.9pt;font-weight:700;line-height:105%;position:relative;top:-2.1pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span id="ic33543a5f057456f958a4edcc0657cc2"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">Metrovacesa, S.A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:3.9pt;font-weight:700;line-height:105%;position:relative;top:-2.1pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">Caceis</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">Zurich Santander Insurance América, S.L. - Consolidated</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">CNP Santander</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">Santander Caceis Latam Holding, S.L. - Consolidated</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">U.C.I., S.A. - Consolidated</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">Hyundai Capital UK Limited</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">Fortune Auto Finance Co., LTD</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">Santander Vida Seguros y Reaseguros, S.A.- Consolidated (note 3)</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">Banco RCI Brasil S.A.</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">Current assets</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">539 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">2,106 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">31,026 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">1,595 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">217 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">140 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">270 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">1,885 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">186 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">88 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">8 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">Non current assets</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">11,512 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">407 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">85,305 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">19,252 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">2,157 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">584 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">10,302 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">3,099 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">2,034 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">1,702 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">2,144 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">Total assets</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">12,051</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">2,513</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">116,331</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">20,847</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">2,374</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">724</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">10,572</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">4,984</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">2,220</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">1,790</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">2,152</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">Current liabilities</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">951 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">382 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">8,979 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">333 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">25 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">136 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">146 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">2,465 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">21 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">198 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">73 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">Non current liabilities</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">4,252 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">326 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">102,575 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">19,405 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">1,907 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">13 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">9,776 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">2,107 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">1,691 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">1,025 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">1,842 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">Total liabilities</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">5,203</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">708</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">111,554</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">19,738</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">1,932</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">149</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">9,922</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">4,572</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">1,712</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">1,223</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">1,915</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">Attributable profit for the period</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">263 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">(23)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">392 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">465 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">100 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">80 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">(88)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">72 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">50 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">109 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">31 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">Other accumulated comprehensive income</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">80 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">(6)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">(639)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">(43)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">(209)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">150 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">(7)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">(19)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">(48)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">(223)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">Rest of equity</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">6,505 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">1,828 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">4,391 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">1,283 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">385 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">704 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">588 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">347 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">477 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">506 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">429 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">Total Equity</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">6,848</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">1,805</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">4,777</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">1,109</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">442</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">575</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">650</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">412</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">508</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">567</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">237</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">Total liabilities and equity</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">12,051</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">2,513</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">116,331</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">20,847</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">2,374</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">724</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">10,572</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">4,984</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">2,220</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">1,790</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">2,152</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">Ordinary activities income</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">487 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">524 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">6,459 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">5,097 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">817 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">143 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">592 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">1,110 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">219 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">737 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">299 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">Profit (loss) from continuing operations</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">41 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">(23)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">392 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">465 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">100 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">80 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">(88)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">72 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">50 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">109 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">31 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">Profit (loss) for the year from discontinuing operations</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">222 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Data as of 31 December 2022, latest accounts available.</span></div>
CY2023	san	Other Global Result OtherGlobalResult	24000000	eur
CY2023	ifrs-full	Disclosure Of Investments Accounted For Using Equity Method Explanatory DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory	<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The detail, by company, of Investments is as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:64.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.319%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.319%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.322%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Associated entities</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,682</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,634</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,833</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Merlin Properties, SOCIMI, S.A.</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,621 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,653 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,640 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Caceis</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,139 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,046 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">975 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Zurich Santander Insurance<br/>America, S.L. - Consolidated</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">936 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">916 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">826 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Metrovacesa, S.A.</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">899 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">979 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,087 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CNP Santander</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">423 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">406 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">418 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ebury Partners Limited (note 3)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">394 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other companies</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">664 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">634 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">493 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:9pt"><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Joint Ventures entities</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,964</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,981</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,692</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Caceis Latam Holding 1, S.L. - Consolidated (previously Santander Securities Services Latam Holding, S.L)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">389 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">359 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">334 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Vida Seguros y Reaseguros, S.A.</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">362 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">356 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">378 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">U.C.I., S.A. - Consolidated</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">349 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">416 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">228 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Fortune Auto Finance Co., Ltd.</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">254 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">244 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">222 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Hyundai Capital UK Limited</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">205 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">223 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">201 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco RCI Brasil S.A.</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">92 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">95 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">92 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other companies</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">313 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">288 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">237 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total Associated entities and Joint ventures</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,646</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,615</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,525</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>
CY2023Q4	ifrs-full	Investments In Associates Accounted For Using Equity Method InvestmentsInAssociatesAccountedForUsingEquityMethod	5682000000	eur
CY2022Q4	ifrs-full	Investments In Associates Accounted For Using Equity Method InvestmentsInAssociatesAccountedForUsingEquityMethod	5634000000	eur
CY2021Q4	ifrs-full	Investments In Associates Accounted For Using Equity Method InvestmentsInAssociatesAccountedForUsingEquityMethod	5833000000	eur
CY2023Q4	ifrs-full	Investments In Joint Ventures Accounted For Using Equity Method InvestmentsInJointVenturesAccountedForUsingEquityMethod	1964000000	eur
CY2022Q4	ifrs-full	Investments In Joint Ventures Accounted For Using Equity Method InvestmentsInJointVenturesAccountedForUsingEquityMethod	1981000000	eur
CY2021Q4	ifrs-full	Investments In Joint Ventures Accounted For Using Equity Method InvestmentsInJointVenturesAccountedForUsingEquityMethod	1692000000	eur
CY2023Q4	ifrs-full	Investment Accounted For Using Equity Method InvestmentAccountedForUsingEquityMethod	7646000000	eur
CY2022Q4	ifrs-full	Investment Accounted For Using Equity Method InvestmentAccountedForUsingEquityMethod	7615000000	eur
CY2021Q4	ifrs-full	Investment Accounted For Using Equity Method InvestmentAccountedForUsingEquityMethod	7525000000	eur
CY2022Q4	ifrs-full	Investment Accounted For Using Equity Method InvestmentAccountedForUsingEquityMethod	7615000000	eur
CY2021Q4	ifrs-full	Investment Accounted For Using Equity Method InvestmentAccountedForUsingEquityMethod	7525000000	eur
CY2020Q4	ifrs-full	Investment Accounted For Using Equity Method InvestmentAccountedForUsingEquityMethod	7622000000	eur
CY2023	san	Investments In Subsidiaries Joint Ventures And Associates Acquisitions Disposals And Capital Increases Reductions InvestmentsInSubsidiariesJointVenturesAndAssociatesAcquisitionsDisposalsAndCapitalIncreasesReductions	52000000	eur
CY2022	san	Investments In Subsidiaries Joint Ventures And Associates Acquisitions Disposals And Capital Increases Reductions InvestmentsInSubsidiariesJointVenturesAndAssociatesAcquisitionsDisposalsAndCapitalIncreasesReductions	142000000	eur
CY2021	san	Investments In Subsidiaries Joint Ventures And Associates Acquisitions Disposals And Capital Increases Reductions InvestmentsInSubsidiariesJointVenturesAndAssociatesAcquisitionsDisposalsAndCapitalIncreasesReductions	94000000	eur
CY2023	san	Changes In Scope Of Consolidation ChangesInScopeOfConsolidation	-43000000	eur
CY2022	san	Changes In Scope Of Consolidation ChangesInScopeOfConsolidation	-320000000	eur
CY2021	san	Changes In Scope Of Consolidation ChangesInScopeOfConsolidation	0	eur
CY2023	ifrs-full	Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod	613000000	eur
CY2022	ifrs-full	Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod	702000000	eur
CY2021	ifrs-full	Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod	432000000	eur
CY2023	san	Dividends Paid And Reimbursements Of Share Premium DividendsPaidAndReimbursementsOfSharePremium	565000000	eur
CY2022	san	Dividends Paid And Reimbursements Of Share Premium DividendsPaidAndReimbursementsOfSharePremium	560000000	eur
CY2021	san	Dividends Paid And Reimbursements Of Share Premium DividendsPaidAndReimbursementsOfSharePremium	662000000	eur
CY2022	san	Other Global Result OtherGlobalResult	-70000000	eur
CY2021	san	Other Global Result OtherGlobalResult	13000000	eur
CY2023	san	Exchange Differences And Other Changes ExchangeDifferencesAndOtherChanges	-2000000	eur
CY2022	san	Exchange Differences And Other Changes ExchangeDifferencesAndOtherChanges	56000000	eur
CY2021	san	Exchange Differences And Other Changes ExchangeDifferencesAndOtherChanges	52000000	eur
CY2023Q4	ifrs-full	Investment Accounted For Using Equity Method InvestmentAccountedForUsingEquityMethod	7646000000	eur
CY2022Q4	ifrs-full	Investment Accounted For Using Equity Method InvestmentAccountedForUsingEquityMethod	7615000000	eur
CY2021Q4	ifrs-full	Investment Accounted For Using Equity Method InvestmentAccountedForUsingEquityMethod	7525000000	eur
CY2023Q4	ifrs-full	Insurance Contracts Issued That Are Assets InsuranceContractsIssuedThatAreAssets	93000000	eur
CY2022Q4	ifrs-full	Insurance Contracts Issued That Are Assets InsuranceContractsIssuedThatAreAssets	104000000	eur
CY2021Q4	ifrs-full	Insurance Contracts Issued That Are Assets InsuranceContractsIssuedThatAreAssets	149000000	eur
CY2023	ifrs-full	Disclosure Of Insurance Contracts Explanatory DisclosureOfInsuranceContractsExplanatory	Liabilities under insurance contracts<div style="margin-bottom:9pt;margin-top:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The detail of Liabilities under insurance contracts and reinsurance assets in the consolidated balance sheets (see note 2.i) is as follows:</span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:95.162%"><tr><td style="width:1.0%"></td><td style="width:41.294%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.288%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.436%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities relating to insurance contracts</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17,799</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,426</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,560</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Component of the present value of future cash flows (BEL)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,627 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,206 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,196 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Risk adjustment (RA)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">211 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">154 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">185 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Contractual service margin (CSM)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">424 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">481 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">592 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Remaining coverage liability</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">71 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">78 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">75 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Liabilities for incurred claims (LIC)</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">466 </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">507 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">512 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt;margin-top:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The balance of liabilities under insurance contracts reflected in the consolidated balance sheet includes the following elements:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Liability for Remaining Coverage (LRC): amount of obligations provisioned to meet the fulfillment of future services assigned to the group on a date for a specific coverage period . The valuation differs depending on the length of the coverage period of the contract groups. In the case of long-term contracts, valued using the General Method (BBA) or the Variable Commission Method (VFA), this amount is formed from the sum of BEL, RA and CSM; In the case of short-term contracts, this amount is calculated using the Premium Allocation Method (PAA). </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Liability for Incurred Claims (LIC): amount of obligations provisioned to meet the fulfillment of past services assigned to the group on a date. </span></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The insurance activity is carried out mainly in the life insurance sector in its life-savings modality. Within the amount of liabilities for insurance contracts, Individual Life Annuities are the product that has the greatest weight in the consolidated balance sheet. This product consists of life annuities where the client contributes a single premium and receives a constant and periodic insured income (monthly, quarterly, semi-annual or annual) until his death where, at that time, the beneficiaries will receive the insured capital of 102% or 101% of the premium contributed. This product is valued using the General Method (BBA) methodology and its remaining coverage liability is made up of the following components: </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Best Estimated Liability (BEL): estimate of incoming and outgoing cash flows weighted by their probability of occurrence and discounted to a certain curve in order to reflect the time value of money over time. weather. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Risk adjustment for non-financial risk (RA): reflects compensation for the uncertainty of cash flows by quantifying the amount necessary to compensate for unexpected losses in liability flows. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Contractual Service Margin (CSM): future benefit to be recognized during the coverage period.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The income and expenses recorded in the profit and loss account for the insurance activity, including reinsurance income and expenses, are not material in the Group's consolidated annual accounts.</span></div></div>
CY2023	san	Disclosure Of Net Gross And Reinsurers Share For Amounts Arising From Insurance Contracts Explanatory DisclosureOfNetGrossAndReinsurersShareForAmountsArisingFromInsuranceContractsExplanatory	<div style="margin-bottom:9pt;margin-top:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The detail of Liabilities under insurance contracts and reinsurance assets in the consolidated balance sheets (see note 2.i) is as follows:</span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:95.162%"><tr><td style="width:1.0%"></td><td style="width:41.294%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.288%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.436%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities relating to insurance contracts</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17,799</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,426</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,560</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Component of the present value of future cash flows (BEL)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,627 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,206 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,196 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Risk adjustment (RA)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">211 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">154 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">185 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Contractual service margin (CSM)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">424 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">481 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">592 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Remaining coverage liability</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">71 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">78 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">75 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Liabilities for incurred claims (LIC)</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">466 </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">507 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">512 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>
CY2023Q4	ifrs-full	Insurance Contracts Issued That Are Liabilities InsuranceContractsIssuedThatAreLiabilities	17799000000	eur
CY2022Q4	ifrs-full	Insurance Contracts Issued That Are Liabilities InsuranceContractsIssuedThatAreLiabilities	16426000000	eur
CY2021Q4	ifrs-full	Insurance Contracts Issued That Are Liabilities InsuranceContractsIssuedThatAreLiabilities	18560000000	eur
CY2023	ifrs-full	Disclosure Of Property Plant And Equipment Explanatory DisclosureOfPropertyPlantAndEquipmentExplanatory	Tangible assets<div style="margin-bottom:6pt;padding-right:263.62pt"><span id="ic13632696a5346569c766a413fb595e2"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">a) Changes</span></div><div style="padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The changes in Tangible assets in the consolidated balance sheets were as follows:</span></div><div style="margin-top:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:26.587%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.767%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.767%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.178%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.969%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.389%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.767%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.767%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.736%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.973%"></td><td style="width:0.1%"></td></tr><tr><td colspan="30" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="12" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Tangible assets</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Of which: <br/>For leasing</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">For own use</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Leased out under<br/>an operating<br/>lease</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Investment<br/>property</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">For own use</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Leased out under<br/>an operating<br/>lease</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Investment<br/>property</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cost</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balances at 1 January 2021</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,896 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,204 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,460 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50,560 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,948 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,948 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Additions / disposals (net) due to change in the scope of consolidation</span></td><td colspan="2" style="border-top:1pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">66 </span></td><td style="border-top:1pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(257)</span></td><td style="border-top:1pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(191)</span></td><td style="border-top:1pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:1pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:1pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Additions / disposals (net)</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">781 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,076)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(64)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(359)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">96</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">96 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfers, exchange differences and other items</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(214)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,552 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">141 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,479 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">384 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">384 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balance at 31 December 2021</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">25,529</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">24,423</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,537</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">51,489</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,429</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,429</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Additions / disposals (net) due to change in the scope of consolidation</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">89 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">103 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Additions / disposals (net)</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">604 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(822)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(64)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(282)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">109</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">109 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfers, exchange differences and other items </span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">423 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,476 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">107 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,006 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">153 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">153 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balance at 31 December 2022</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">26,570</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">25,166</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,580</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">53,316</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,692</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,692</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Additions / disposals (net) due to change in the scope of consolidation</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">37 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Additions / disposals (net)</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,122 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">742 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(34)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,830 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">125</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">125 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfers, exchange differences and other items</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,460)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(641)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,071)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at 31 December 2023</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">26,243</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">25,304</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,576</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">53,123</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,837</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,837</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:8pt"><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Accumulated depreciation</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balances at 1 January 2021</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11,543)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,585)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(133)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(17,261)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,217)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,217)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Disposals due to change in the scope of consolidation</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Disposals</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">733 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,390 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,126 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Charge for the year</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,733)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,743)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(612)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(612)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfers, exchange differences and other items</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">529 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,083)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,563)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"> Balance at 31 December 2021</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(12,015)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(5,238)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(149)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(17,402)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,789)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,789)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Disposals due to change in the scope of consolidation</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(30)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(33)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Disposals</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,065 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,882 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,963 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">164 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">164 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Charge for the year</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,821)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,834)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(636)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(636)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfers, exchange differences and other items</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(114)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,192)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(30)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,336)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at 31 December 2022</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(12,892)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(5,578)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(172)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(18,642)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,265)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,265)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Disposals due to change in the scope of consolidation</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Disposals</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">284 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,540 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,824 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">160 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">160 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Charge for the year</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,744)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,755)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(609)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(609)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfers, exchange differences and other items</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,708 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,744)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,052)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">98 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">98 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at 31 December 2023</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(12,637)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(5,782)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(199)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(18,618)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,609)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,609)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt"> Includes contract extensions on operating leases and repurchases.</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:27.913%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.767%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.767%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.736%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.380%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.389%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.620%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.767%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.736%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.825%"></td><td style="width:0.1%"></td></tr><tr><td colspan="30" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="12" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Tangible assets</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Of which: <br/>For leasing</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">For own use</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Leased out under<br/>an operating<br/>lease</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Investment<br/>property</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">For own use</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Leased out under<br/>an operating<br/>lease</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Investment<br/>property</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Impairment losses</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balances at 1 January 2021</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(140)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(60)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(364)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(564)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impairment charge for the year</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(144)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(17)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(169)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Releases</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Disposals due to change in the scope of consolidation</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Disposals</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">61 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">64 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(42)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(29)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(44)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(115)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at 31 December 2021</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(255)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(102)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(408)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(765)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(15)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(15)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impairment charge for the year</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(95)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(33)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(29)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(157)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Releases</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Disposals due to change in the scope of consolidation</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Disposals</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">76 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">119 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">115 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">185 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at 31 December 2022</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(189)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(33)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(379)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(601)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(14)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(14)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impairment charge for the year</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(115)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(29)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(156)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(39)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(39)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Releases</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Disposals due to change in the scope of consolidation</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Disposals</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">65 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(38)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">74 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at 31 December 2023</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(198)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(4)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(421)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(623)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(45)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(45)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Tangible assets, net</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balances at 31 December 2021</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,259 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,083 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">979 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33,321 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,625 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,625 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balances at 31 December 2022</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,489 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,555 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,029 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34,073 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,413 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,413 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balances at 31 December 2023</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,408</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19,518</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">956</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">33,882</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,183</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,183</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:9pt;padding-right:263.62pt"><span id="i6811f591bf01434681bfd1e87482a72f"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">b) Tangible assets - For own use</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The detail, by class of asset, of 'Property, plant and equipment' which is owned by the Group in the consolidated balance sheets is as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:15pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:48.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.754%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="12" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Tangible assets for own use</span></div></td><td colspan="3" rowspan="2" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Of which: <br/>for leasing</span></td></tr><tr style="height:21pt"><td colspan="3" style="border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cost</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Accumulated<br/>depreciation</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Impairment<br/>losses</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Carrying<br/>amount</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Land and buildings</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,855 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,675)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(240)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,940 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,570 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">IT equipment and fixtures</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,543 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,335)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,208 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Furniture and vehicles</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,982 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,954)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,028 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Construction in progress and other items</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">149 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(51)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(15)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">83 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balances at 31 December 2021</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">25,529</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(12,015)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(255)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,259</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,624</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Land and buildings</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,623 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,467)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(175)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,981 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,349 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">IT equipment and fixtures</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,285 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,984)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,301 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Furniture and vehicles</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,445 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,389)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,056 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Construction in progress and other items</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">217 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(52)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">151 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balances at 31 December 2022</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">26,570</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(12,892)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(189)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,489</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,413</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Land and buildings</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,973 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,010)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(154)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,809 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,104 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">IT equipment and fixtures</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,614 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,154)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,460 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">60 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Furniture and vehicles</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,412 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,424)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,988 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Construction in progress and other items</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">244 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(49)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(44)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">151 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balances at 31 December 2023</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">26,243</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(12,637)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(198)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,408</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,183</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The carrying amount at 31 December 2023 in the foregoing table includes the following approximate amounts EUR 7,119 million (EUR 7,083 million at 31 December 2022 and EUR 6,753 million at 31 December 2021) relating to property, plant and equipment owned by group entities and branches located abroad.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="icbf7d30aa03f43c0a10d650f56cd44d4"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">c) Tangible assets - Leased out under an operating lease</span></div><div style="margin-bottom:9pt;margin-top:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander has assets leased out under operating leases where the company is the lessor and do not meet the accounting requirements to be classified as finance leases. The net cost of these leases is recorded as an asset and depreciated on a straight-line basis over the contractual term of the lease to the expected residual value.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The expected residual value and, consequently, the monthly depreciation expense may change during the term of the lease. The Group estimates expected residual values using independent data sources and internal statistical models. It also assesses the estimate of the residual value of these leases and adjusts the depreciation rate in line with the change in the expected value of the asset at the end of the lease.</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander periodically assesses its investment in operating leases for impairment in certain circumstances, such as a systemic and material decrease in the values of used vehicles. If assets leased out under operating leases are deemed to be impaired, impairment is measured as the amount by which the carrying amount of the assets exceeds the fair value as estimated by discounted cash flows.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Of the EUR 19,518 million that the Group had assigned to operating leases at 31 December 2023 (EUR 19,555 million and EUR 19,083 at 31 December 2022 and 2021, respectively), EUR 12,525 million (EUR 13,389 and EUR 13,630 at 31 December 2022 and 2021, respectively) relate to vehicles of Santander US Auto's business. The variable lease payments of various items of this business are not significant.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In addition, the maturity analysis of the assets leased out under operating leases from Santander US Auto, is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:84.393%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Maturity Analysis</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2024</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,365 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2025</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,248 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2026</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,100 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2027</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,124 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i7e9ebb05c3ff4387b16c5d64175065fd"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">d) Tangible assets - Investment property</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The fair value of investment property at 31 December 2023, 2022, 2021 amounted to EUR 1,163, 1,153 and 1,088 million, respectively. A comparison of the fair value of investment property at 31 December 2023, 2022 and 2021 with the net book value shows gross unrealised gains of EUR 207, 124 and 109 million, respectively, attributed completely to the group.</span></div></div></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The rental income earned from investment property and the direct costs related both to investment properties that generated rental income in 2023, 2022 and 2021 and to investment properties that did not generate rental income in those years are not material in the context of the consolidated financial statements.</span></div>
CY2021Q4	san	Tangible Assets TangibleAssets	33321000000	eur
CY2022Q4	san	Tangible Assets TangibleAssets	34073000000	eur
CY2023Q4	san	Tangible Assets TangibleAssets	33882000000	eur
CY2023	ifrs-full	Disclosure Of Detailed Information About Property Plant And Equipment Explanatory DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory	<div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The detail, by class of asset, of 'Property, plant and equipment' which is owned by the Group in the consolidated balance sheets is as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:15pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:48.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.754%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="12" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Tangible assets for own use</span></div></td><td colspan="3" rowspan="2" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Of which: <br/>for leasing</span></td></tr><tr style="height:21pt"><td colspan="3" style="border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cost</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Accumulated<br/>depreciation</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Impairment<br/>losses</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Carrying<br/>amount</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Land and buildings</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,855 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,675)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(240)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,940 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,570 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">IT equipment and fixtures</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,543 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,335)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,208 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Furniture and vehicles</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,982 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,954)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,028 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Construction in progress and other items</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">149 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(51)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(15)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">83 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balances at 31 December 2021</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">25,529</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(12,015)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(255)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,259</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,624</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Land and buildings</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,623 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,467)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(175)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,981 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,349 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">IT equipment and fixtures</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,285 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,984)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,301 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Furniture and vehicles</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,445 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,389)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,056 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Construction in progress and other items</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">217 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(52)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">151 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balances at 31 December 2022</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">26,570</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(12,892)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(189)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,489</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,413</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Land and buildings</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,973 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,010)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(154)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,809 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,104 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">IT equipment and fixtures</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,614 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,154)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,460 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">60 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Furniture and vehicles</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,412 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,424)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,988 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Construction in progress and other items</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">244 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(49)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(44)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">151 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balances at 31 December 2023</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">26,243</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(12,637)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(198)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,408</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,183</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>
CY2023	ifrs-full	Disclosure Of Maturity Analysis Of Operating Lease Payments Explanatory DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsExplanatory	<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In addition, the maturity analysis of the assets leased out under operating leases from Santander US Auto, is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:84.393%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Maturity Analysis</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2024</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,365 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2025</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,248 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2026</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,100 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2027</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,124 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>
CY2023	ifrs-full	Disclosure Of Goodwill Explanatory DisclosureOfGoodwillExplanatory	Intangible assets – Goodwill<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The detail of goodwill, based on the cash-generating units giving rise thereto, is as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:59.085%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.171%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.171%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.173%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander (Brasil) </span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,679 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,503 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,219 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">SAM Investment Holdings Limited</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,444 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,444 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,444 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Consumer Germany</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,304 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,304 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,304 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Bank Polska</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,159 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,075 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,095 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Portugal</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,040 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,040 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,040 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander US Auto</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,003 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,039 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">979 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander España</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">998 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">998 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,027 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Holding USA (ex. Auto)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">814 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">844 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">643 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander UK</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">612 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">599 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">633 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Grupo Financiero Santander (México)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">523 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">469 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">435 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander - Chile</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">516 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">548 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">516 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ebury Partners</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">350 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">298 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Consumer Nordics</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">206 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">215 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">224 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other companies</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">369 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">365 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">154 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total Goodwill</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,017</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,741</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,713</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Includes the Santander US Capital Markets LLC's business (previously Amherst Pierpont Securities LLC) (see note 3).</span></div><div style="padding-left:7.09pt;text-indent:10.91pt"><span><br/></span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The changes in goodwill were as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:55.690%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.097%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balance at beginning of year</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,741 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,713 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,471 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Additions (note 3)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">56 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">534 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">81 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Ebury Partners</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">45 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">316 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Santander Holding USA (ex. Auto) </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-style:italic;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">158 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impairment losses</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(20)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Disposals or changes in scope of consolidation</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other items</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">240 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">494 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">167 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at end of year</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,017</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,741</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,713</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Acquisition of Santander US Capital Markets LLC (previously Amherst Pierpont Securities LLC) (see note 3).</span></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander has goodwill generated by cash-generating units located in non-euro currency countries (mainly Brazil, Poland, the United States, the United Kingdom, Chile, Mexico, Norway and Sweden) and, therefore, this gives rise to exchange differences on the translation to euros, at closing rates, of the amounts of goodwill denominated in foreign currencies. Accordingly, in 2023 there was an increase of EUR 240 million (an increase of EUR 494 million in 2022 and EUR 167 million in 2021), due to exchange differences and other items which, pursuant to current standards, were recognised with a change to 'Other comprehensive income - Items that may be reclassified to profit or loss - Exchange differences in other comprehensive income in the consolidated statement of recognised income and expense' (see note 29.d).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At least once per year (or whenever there is any indication of impairment), Grupo Santander performs an analysis of the potential impairment of its recorded goodwill with respect to its recoverable amount. The first step that must be taken in order to perform this analysis is the identification of the cash-generating units, which are the Group's smallest identifiable groups of assets that generate cash inflows that are largely independent of the cash flows of other assets or groups of assets.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The amount to be recovered of each cash-generating unit is determined taking into consideration the carrying amount (including any fair value adjustment arising on the business combination) of all the assets and liabilities of all the independent legal entities composing the cash-generating unit, together with the related goodwill.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The amount to be recovered of the cash-generating unit is compared with its recoverable amount in order to determine whether there is any impairment.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander's directors assess the existence of any indication that might be considered to be evidence of impairment of the cash-generating unit by reviewing information including the following (i) certain macroeconomic variables that might affect its investments (population data, political situation, economic situation —including banking concentration level—, among others) and (ii) various microeconomic variables comparing the investments of the Group with the financial services industry of the country in which the cash-generating unit carries on most of its business activities (balance sheet composition, total funds under management, results, efficiency ratio, capital adequacy ratio, return on equity, among others).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Regardless of whether there is any indication of impairment, every year the Group calculates the recoverable amount of each cash-generating unit to which goodwill, has been allocated and, to this end, it uses price quotations, market references (multiples), internal estimates and valuations performed by internal and external experts.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Firstly, the Group determines the recoverable amount by calculating the fair value of each cash-generating unit on the basis of the quoted price of the cash-generating units, if available.</span></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In addition, the Group performs estimates of the recoverable amounts of certain cash-generating units by calculating their value in use using discounted cash flow projections. The main assumptions used in this calculation are (i) earnings projections based on the financial budgets approved by the Group’s directors which cover between <span style="-sec-ix-hidden:f-4637">three</span> and five year periods (unless a longer time horizon can be justified), (ii) discount rates determined as the cost of capital taking into account the risk-free rate of return plus a risk premium in line with the market and the business in which the units operate and (iii) constant growth rates used in order to extrapolate earnings in perpetuity which do not exceed the long-term average growth rate for the market in which the cash-generating unit in question operates.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The cash flow projections used by Group management to obtain the values in use are based on the financial budgets approved by both local management of the related local units and the Group’s directors. The Group’s budgetary estimation process is common for all the cash-generating units. The local management teams prepare their budgets using the following key assumptions:</span></div><div style="margin-bottom:9pt;padding-left:9.07pt;text-indent:-9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">a) Microeconomic variables of the cash-generating unit: management takes into consideration the current balance sheet structure, the product mix and the business decisions taken by local management in this regard.</span></div><div style="margin-bottom:9pt;padding-left:9.07pt;text-indent:-9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">b) Macroeconomic variables: growth is estimated on the basis of the changing environment, taking into consideration expected GDP growth in the unit’s geographical location and forecast trends in interest and exchange rates. These data, which are based on external information sources, are provided by the Group’s economic research service.</span></div><div style="margin-bottom:9pt;padding-left:9.07pt;text-indent:-9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">c) Past performance variables: in addition, management takes into consideration in the projection the difference (both positive and negative) between the cash-generating unit’s past performance and budgets.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">During 2023, the Group has recognised impairment losses of EUR 20 million euros of immaterial goodwill that has been recorded under the heading 'Impairment or reversal of the impairment of non-financial assets - Intangible assets' (EUR 0 million and EUR 6 million in 2022 and 2021, respectively). Goodwill is deducted from CET1 for regulatory purposes, so an impairment of goodwill has no impact on the Group's capital ratios.</span></div><div style="margin-bottom:3pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Following is a detail of the main assumptions taken into account in determining the recoverable amount, at 2023 year-end, of the most significant cash-generating units which were valued using the discounted cash flow method:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:51.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.754%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Projected period</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span id="iafc716f4edc745cd8a526ce8944b5a4c"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Discount rate</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Nominal<br/>perpetual<br/>growth rate</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander UK</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 years</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.9 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.5 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Bank Polska</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 years</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.0 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander US Auto</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 years</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.8 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.0 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Holding USA (ex. Auto)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 years</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.4 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Consumer Germany</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 years</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.7 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">SAM Investment Holdings, Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 years</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.6 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Portugal</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 years</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.2 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.5 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Post-tax discount rate.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.48pt">Weighted information of the main assumptions of the segments to which goodwill has been allocated.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;margin-top:21pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The discount and nominal perpetual growth rates taken into account in 2022 and 2021 are presented below for comparison purposes:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:51.492%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.755%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span id="i02adc42a16b6451983e2621f17b75ed5"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Discount rate</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Nominal<br/>perpetual<br/>growth rate</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander UK</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.1 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.2 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.5 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.3 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Bank Polska</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15.6 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.8 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander US Auto</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.6 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.8 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Holding USA (ex. Auto)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.6 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.6 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.0 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Consumer Germany</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.4 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.8 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">SAM Investment Holdings, Limited</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.4 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Portugal</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.1 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.7 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.3 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.8 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Post-tax discount rate.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.48pt">Weighted information of the main assumptions of the segments to which goodwill has been allocated.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The variations reflected in the assumptions used in 2023 are mainly a consequence of the current macroeconomic scenario, as well as the level of inflation and difficulties in supply chains, which have led to a rapid increase in central banks' benchmark interest rates in the main countries where the Group's CGU are operating.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Given the degree of uncertainty of the above key assumptions on which the recoverable amount of the cash-generating units is based, the Group performs a sensitivity analysis which consisted of adjusting +/- 50 basis points the discount rate, adjusting +/- 50 basis points the growth rate in perpetuity and reducing the cash flow projections by 5%. These changes in the key assumptions in isolation mean that the recoverable amount of all the cash-generating units continues to exceed their amount to be recovered and have been considered by the Group as reasonably possible changes in the business operations of the cash-generating units are not contemplated.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The recoverable amount of Banco Santander - Chile and Banco Santander (Brasil) was calculated as the fair values of the aforementioned cash-generating units obtained from the quoted market prices of their shares at year-end. This value exceeded the amount to be recovered. A significant reduction in the quoted market prices of these cash generating unit could result in an indication of impairment which in turn may lead to a goodwill impairment charge in the future.</span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:12pt"><span><br/></span></div></div></div>
CY2023	san	Sensitivity Analysis Perpetuity Growth Rate Adjustment Increase SensitivityAnalysisPerpetuityGrowthRateAdjustmentIncrease	0.0050
CY2023Q4	ifrs-full	Goodwill Goodwill	14017000000	eur
CY2022Q4	ifrs-full	Goodwill Goodwill	13741000000	eur
CY2021Q4	ifrs-full	Goodwill Goodwill	12713000000	eur
CY2023	ifrs-full	Disclosure Of Reconciliation Of Changes In Goodwill Explanatory DisclosureOfReconciliationOfChangesInGoodwillExplanatory	<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The changes in goodwill were as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:55.690%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.097%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balance at beginning of year</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,741 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,713 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,471 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Additions (note 3)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">56 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">534 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">81 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Ebury Partners</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">45 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">316 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Santander Holding USA (ex. Auto) </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-style:italic;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">158 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impairment losses</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(20)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Disposals or changes in scope of consolidation</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other items</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">240 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">494 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">167 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at end of year</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,017</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,741</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,713</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Acquisition of Santander US Capital Markets LLC (previously Amherst Pierpont Securities LLC) (see note 3).</span></div>
CY2022Q4	ifrs-full	Goodwill Goodwill	13741000000	eur
CY2021Q4	ifrs-full	Goodwill Goodwill	12713000000	eur
CY2020Q4	ifrs-full	Goodwill Goodwill	12471000000	eur
CY2023	ifrs-full	Additional Recognition Goodwill AdditionalRecognitionGoodwill	56000000	eur
CY2022	ifrs-full	Additional Recognition Goodwill AdditionalRecognitionGoodwill	534000000	eur
CY2021	ifrs-full	Additional Recognition Goodwill AdditionalRecognitionGoodwill	81000000	eur
CY2023	ifrs-full	Impairment Loss Recognised In Profit Or Loss Goodwill ImpairmentLossRecognisedInProfitOrLossGoodwill	20000000	eur
CY2022	ifrs-full	Impairment Loss Recognised In Profit Or Loss Goodwill ImpairmentLossRecognisedInProfitOrLossGoodwill	0	eur
CY2021	ifrs-full	Impairment Loss Recognised In Profit Or Loss Goodwill ImpairmentLossRecognisedInProfitOrLossGoodwill	6000000	eur
CY2023	san	Decrease Through Classified As Held For Sale Or Changes In Scope Of Consolidation Goodwill DecreaseThroughClassifiedAsHeldForSaleOrChangesInScopeOfConsolidationGoodwill	0	eur
CY2022	san	Decrease Through Classified As Held For Sale Or Changes In Scope Of Consolidation Goodwill DecreaseThroughClassifiedAsHeldForSaleOrChangesInScopeOfConsolidationGoodwill	0	eur
CY2021	san	Decrease Through Classified As Held For Sale Or Changes In Scope Of Consolidation Goodwill DecreaseThroughClassifiedAsHeldForSaleOrChangesInScopeOfConsolidationGoodwill	0	eur
CY2023	ifrs-full	Increase Decrease Through Net Exchange Differences Goodwill IncreaseDecreaseThroughNetExchangeDifferencesGoodwill	240000000	eur
CY2022	ifrs-full	Increase Decrease Through Net Exchange Differences Goodwill IncreaseDecreaseThroughNetExchangeDifferencesGoodwill	494000000	eur
CY2021	ifrs-full	Increase Decrease Through Net Exchange Differences Goodwill IncreaseDecreaseThroughNetExchangeDifferencesGoodwill	167000000	eur
CY2023Q4	ifrs-full	Goodwill Goodwill	14017000000	eur
CY2022Q4	ifrs-full	Goodwill Goodwill	13741000000	eur
CY2021Q4	ifrs-full	Goodwill Goodwill	12713000000	eur
CY2023	ifrs-full	Increase Decrease Through Net Exchange Differences Goodwill IncreaseDecreaseThroughNetExchangeDifferencesGoodwill	240000000	eur
CY2022	ifrs-full	Increase Decrease Through Net Exchange Differences Goodwill IncreaseDecreaseThroughNetExchangeDifferencesGoodwill	494000000	eur
CY2021	ifrs-full	Increase Decrease Through Net Exchange Differences Goodwill IncreaseDecreaseThroughNetExchangeDifferencesGoodwill	167000000	eur
CY2023	ifrs-full	Impairment Loss Recognised In Profit Or Loss Goodwill ImpairmentLossRecognisedInProfitOrLossGoodwill	20000000	eur
CY2022	ifrs-full	Impairment Loss Recognised In Profit Or Loss Goodwill ImpairmentLossRecognisedInProfitOrLossGoodwill	0	eur
CY2021	ifrs-full	Impairment Loss Recognised In Profit Or Loss Goodwill ImpairmentLossRecognisedInProfitOrLossGoodwill	6000000	eur
CY2023	ifrs-full	Disclosure Of Information For Individual Asset Or Cashgenerating Unit With Significant Amount Of Goodwill Or Intangible Assets With Indefinite Useful Lives Explanatory DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesExplanatory	<div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Following is a detail of the main assumptions taken into account in determining the recoverable amount, at 2023 year-end, of the most significant cash-generating units which were valued using the discounted cash flow method:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:51.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.754%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Projected period</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span id="iafc716f4edc745cd8a526ce8944b5a4c"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Discount rate</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Nominal<br/>perpetual<br/>growth rate</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander UK</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 years</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.9 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.5 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Bank Polska</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 years</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.0 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander US Auto</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 years</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.8 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.0 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Holding USA (ex. Auto)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 years</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.4 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Consumer Germany</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 years</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.7 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">SAM Investment Holdings, Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 years</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.6 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Portugal</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 years</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.2 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.5 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Post-tax discount rate.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.48pt">Weighted information of the main assumptions of the segments to which goodwill has been allocated.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;margin-top:21pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The discount and nominal perpetual growth rates taken into account in 2022 and 2021 are presented below for comparison purposes:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:51.492%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.755%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span id="i02adc42a16b6451983e2621f17b75ed5"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Discount rate</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Nominal<br/>perpetual<br/>growth rate</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander UK</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.1 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.2 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.5 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.3 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Bank Polska</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15.6 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.8 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander US Auto</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.6 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.8 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Holding USA (ex. Auto)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.6 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.6 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.0 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Consumer Germany</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.4 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.8 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">SAM Investment Holdings, Limited</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.4 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Portugal</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.1 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.7 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.3 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.8 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Post-tax discount rate.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.48pt">Weighted information of the main assumptions of the segments to which goodwill has been allocated.</span></div>
CY2023	san	Sensitivity Analysis Discount Rate Adjustment Decrease SensitivityAnalysisDiscountRateAdjustmentDecrease	0.0050
CY2023	san	Sensitivity Analysis Discount Rate Adjustment Increase SensitivityAnalysisDiscountRateAdjustmentIncrease	0.0050
CY2022Q4	san	Other Miscellaneous Assets OtherMiscellaneousAssets	5536000000	eur
CY2021Q4	san	Other Miscellaneous Assets OtherMiscellaneousAssets	3683000000	eur
CY2023Q4	ifrs-full	Other Nonfinancial Assets OtherNonfinancialAssets	8756000000	eur
CY2023	san	Sensitivity Analysis Perpetuity Growth Rate Adjustment Decrease SensitivityAnalysisPerpetuityGrowthRateAdjustmentDecrease	0.0050
CY2023	san	Sensitivity Analysis Cash Flow Projections Decrease SensitivityAnalysisCashFlowProjectionsDecrease	0.05
CY2023	ifrs-full	Disclosure Of Intangible Assets Explanatory DisclosureOfIntangibleAssetsExplanatory	Intangible assets - Other intangible assets<div style="margin-bottom:9pt;margin-top:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The detail of Intangible assets - Other intangible assets in the consolidated balance sheets and of the changes therein in 2023, 2022, and 2021 is as follows:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:22.603%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.238%"></td><td style="width:0.1%"></td></tr><tr><td colspan="27" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Estimated<br/>useful life</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31/12/2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net <br/>additions<br/>and<br/>disposals</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Change in<br/>scope of<br/>consolidation</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Amortization<br/>and<br/>impairment</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Application of<br/>amortization<br/>and<br/>impairment</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange<br/>differences<br/>and other</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31/12/2023</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cost</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,502</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,197</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">176</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(230)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">128</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,773</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brand names</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">IT developments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3-10 years</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,721 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,197 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(196)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">127 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,867 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,748 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">150 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(32)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,866 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Accumulated amortisation</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7,554)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,429)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">209 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(82)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8,851)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Development</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(6,866)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,294)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">177 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(95)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(8,078)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(688)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(135)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">32 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(773)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impairment losses</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(44)</span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(53)</span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(68)</span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which addition</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(53)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Liberation</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,904</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,197</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">181</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,482)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">54</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,854</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:22.603%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.386%"></td><td style="width:0.1%"></td></tr><tr><td colspan="27" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Estimated<br/>useful life</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31/12/2021</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net <br/>additions<br/>and<br/>disposals</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Change in<br/>scope of<br/>consolidation</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Amortization<br/>and<br/>impairment</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Application of<br/>amortization<br/>and<br/>impairment</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange<br/>differences<br/>and other</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31/12/2022</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cost</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,712</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,757</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">381</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(511)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">163</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,502</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brand names</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">IT developments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3-10 years</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,189 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,748 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">153 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(497)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">128 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,721 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,519 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">201 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,748 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Accumulated amortisation</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6,707)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,151)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">412 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(108)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7,554)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 8.5pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Development</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(6,149)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,024)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">403 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(96)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(6,866)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 8.5pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(558)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(127)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(12)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(688)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impairment losses</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(134)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(75)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">99 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">66 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(44)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 6.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which addition</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(75)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Liberation</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,871</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,757</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">381</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,226)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">121</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,904</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.575%"><tr><td style="width:1.0%"></td><td style="width:22.674%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.369%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.261%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.369%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.449%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.152%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.746%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.815%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.265%"></td><td style="width:0.1%"></td></tr><tr><td colspan="27" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Estimated<br/>useful life</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31/12/2020</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net <br/>additions<br/>and<br/>disposals</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Change in<br/>scope of<br/>consolidation</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Amortization<br/>and<br/>impairment</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Application of<br/>amortization<br/>and<br/>impairment</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange<br/>differences<br/>and other</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31/12/2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cost</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,376</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,409</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(293)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">215</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,712</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brand names</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">37 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(34)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">IT developments</span></td><td colspan="3" style="border-top:0.25pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3-10 years</span></div></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,900 </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,325 </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #c3dee7;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(212)</span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">172 </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,189 </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other</span></td><td colspan="3" style="border-top:0.25pt solid #c3dee7;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,439 </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">84 </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #c3dee7;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(47)</span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42 </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,519 </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Accumulated amortisation</span></td><td colspan="3" style="border-top:0.25pt solid #c3dee7;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,809)</span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,013)</span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">232 </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(115)</span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6,707)</span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Development</span></td><td colspan="3" style="border-top:0.25pt solid #c3dee7;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(5,307)</span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(922)</span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">178 </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(97)</span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(6,149)</span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="3" style="border-top:0.25pt solid #c3dee7;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(502)</span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(91)</span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">54 </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(18)</span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(558)</span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impairment losses</span></td><td colspan="3" style="border-top:0.25pt solid #c3dee7;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(130)</span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(65)</span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">61 </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(134)</span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which addition</span></td><td colspan="3" style="border-top:0.25pt solid #c3dee7;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(65)</span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Liberation</span></td><td colspan="3" style="border-top:0.25pt solid #c3dee7;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,437</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,409</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,078)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">100</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,871</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In 2023, 2022 and 2021, impairment losses of EUR 53 million, EUR 75 million and EUR 65 million, respectively, were recognised under Impairment or reversal of impairment on non-financial assets, net – intangible assets. This impairment losses are related mainly to the decline in or loss of the recoverable value of certain computer systems and applications as a result of the processes initiated by the Group to adapt to the various regulatory changes and to transform or integrate businesses.</span></div>
CY2023	ifrs-full	Disclosure Of Detailed Information About Intangible Assets Explanatory DisclosureOfDetailedInformationAboutIntangibleAssetsExplanatory	<div style="margin-bottom:9pt;margin-top:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The detail of Intangible assets - Other intangible assets in the consolidated balance sheets and of the changes therein in 2023, 2022, and 2021 is as follows:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:22.603%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.238%"></td><td style="width:0.1%"></td></tr><tr><td colspan="27" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Estimated<br/>useful life</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31/12/2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net <br/>additions<br/>and<br/>disposals</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Change in<br/>scope of<br/>consolidation</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Amortization<br/>and<br/>impairment</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Application of<br/>amortization<br/>and<br/>impairment</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange<br/>differences<br/>and other</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31/12/2023</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cost</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,502</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,197</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">176</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(230)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">128</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,773</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brand names</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">IT developments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3-10 years</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,721 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,197 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(196)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">127 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,867 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,748 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">150 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(32)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,866 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Accumulated amortisation</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7,554)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,429)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">209 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(82)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8,851)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Development</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(6,866)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,294)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">177 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(95)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(8,078)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(688)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(135)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">32 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(773)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impairment losses</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(44)</span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(53)</span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(68)</span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which addition</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(53)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Liberation</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,904</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,197</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">181</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,482)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">54</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,854</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:22.603%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.386%"></td><td style="width:0.1%"></td></tr><tr><td colspan="27" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Estimated<br/>useful life</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31/12/2021</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net <br/>additions<br/>and<br/>disposals</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Change in<br/>scope of<br/>consolidation</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Amortization<br/>and<br/>impairment</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Application of<br/>amortization<br/>and<br/>impairment</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange<br/>differences<br/>and other</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31/12/2022</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cost</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,712</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,757</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">381</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(511)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">163</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,502</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brand names</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">IT developments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3-10 years</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,189 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,748 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">153 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(497)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">128 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,721 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,519 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">201 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,748 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Accumulated amortisation</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6,707)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,151)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">412 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(108)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7,554)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 8.5pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Development</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(6,149)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,024)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">403 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(96)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(6,866)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 8.5pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(558)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(127)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(12)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(688)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impairment losses</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(134)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(75)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">99 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">66 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(44)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 6.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which addition</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(75)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Liberation</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,871</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,757</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">381</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,226)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">121</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,904</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.575%"><tr><td style="width:1.0%"></td><td style="width:22.674%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.369%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.261%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.369%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.449%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.152%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.746%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.815%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.265%"></td><td style="width:0.1%"></td></tr><tr><td colspan="27" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Estimated<br/>useful life</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31/12/2020</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net <br/>additions<br/>and<br/>disposals</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Change in<br/>scope of<br/>consolidation</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Amortization<br/>and<br/>impairment</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Application of<br/>amortization<br/>and<br/>impairment</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange<br/>differences<br/>and other</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31/12/2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cost</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,376</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,409</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(293)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">215</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,712</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brand names</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">37 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(34)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">IT developments</span></td><td colspan="3" style="border-top:0.25pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3-10 years</span></div></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,900 </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,325 </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #c3dee7;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(212)</span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">172 </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,189 </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other</span></td><td colspan="3" style="border-top:0.25pt solid #c3dee7;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,439 </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">84 </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #c3dee7;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(47)</span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42 </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,519 </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Accumulated amortisation</span></td><td colspan="3" style="border-top:0.25pt solid #c3dee7;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,809)</span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,013)</span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">232 </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(115)</span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6,707)</span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Development</span></td><td colspan="3" style="border-top:0.25pt solid #c3dee7;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(5,307)</span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(922)</span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">178 </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(97)</span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(6,149)</span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="3" style="border-top:0.25pt solid #c3dee7;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(502)</span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(91)</span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">54 </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(18)</span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(558)</span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impairment losses</span></td><td colspan="3" style="border-top:0.25pt solid #c3dee7;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(130)</span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(65)</span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">61 </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(134)</span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which addition</span></td><td colspan="3" style="border-top:0.25pt solid #c3dee7;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(65)</span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Liberation</span></td><td colspan="3" style="border-top:0.25pt solid #c3dee7;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,437</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,409</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,078)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">100</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,871</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>
CY2022Q4	ifrs-full	Intangible Assets Other Than Goodwill IntangibleAssetsOtherThanGoodwill	4904000000	eur
CY2023	san	Net Additions Disposals Intangible Assets Other Than Goodwill NetAdditionsDisposalsIntangibleAssetsOtherThanGoodwill	2197000000	eur
CY2023	ifrs-full	Increase Decrease Through Transfers And Other Changes Intangible Assets Other Than Goodwill IncreaseDecreaseThroughTransfersAndOtherChangesIntangibleAssetsOtherThanGoodwill	181000000	eur
CY2023	san	Amortisation And Impairment Intangible Assets Other Than Goodwill AmortisationAndImpairmentIntangibleAssetsOtherThanGoodwill	1482000000	eur
CY2023	san	Application Of Amortisation And Impairment Intangible Assets Other Than Goodwill ApplicationOfAmortisationAndImpairmentIntangibleAssetsOtherThanGoodwill	0	eur
CY2023	ifrs-full	Increase Decrease Through Net Exchange Differences Intangible Assets Other Than Goodwill IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill	54000000	eur
CY2023Q4	ifrs-full	Intangible Assets Other Than Goodwill IntangibleAssetsOtherThanGoodwill	5854000000	eur
CY2021Q4	ifrs-full	Intangible Assets Other Than Goodwill IntangibleAssetsOtherThanGoodwill	3871000000	eur
CY2022	san	Net Additions Disposals Intangible Assets Other Than Goodwill NetAdditionsDisposalsIntangibleAssetsOtherThanGoodwill	1757000000	eur
CY2022	ifrs-full	Increase Decrease Through Transfers And Other Changes Intangible Assets Other Than Goodwill IncreaseDecreaseThroughTransfersAndOtherChangesIntangibleAssetsOtherThanGoodwill	381000000	eur
CY2022	san	Amortisation And Impairment Intangible Assets Other Than Goodwill AmortisationAndImpairmentIntangibleAssetsOtherThanGoodwill	1226000000	eur
CY2022	san	Application Of Amortisation And Impairment Intangible Assets Other Than Goodwill ApplicationOfAmortisationAndImpairmentIntangibleAssetsOtherThanGoodwill	0	eur
CY2022	ifrs-full	Increase Decrease Through Net Exchange Differences Intangible Assets Other Than Goodwill IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill	121000000	eur
CY2022Q4	ifrs-full	Intangible Assets Other Than Goodwill IntangibleAssetsOtherThanGoodwill	4904000000	eur
CY2020Q4	ifrs-full	Intangible Assets Other Than Goodwill IntangibleAssetsOtherThanGoodwill	3437000000	eur
CY2021	san	Net Additions Disposals Intangible Assets Other Than Goodwill NetAdditionsDisposalsIntangibleAssetsOtherThanGoodwill	1409000000	eur
CY2021	ifrs-full	Increase Decrease Through Transfers And Other Changes Intangible Assets Other Than Goodwill IncreaseDecreaseThroughTransfersAndOtherChangesIntangibleAssetsOtherThanGoodwill	3000000	eur
CY2021	san	Amortisation And Impairment Intangible Assets Other Than Goodwill AmortisationAndImpairmentIntangibleAssetsOtherThanGoodwill	1078000000	eur
CY2021	san	Application Of Amortisation And Impairment Intangible Assets Other Than Goodwill ApplicationOfAmortisationAndImpairmentIntangibleAssetsOtherThanGoodwill	0	eur
CY2021	ifrs-full	Increase Decrease Through Net Exchange Differences Intangible Assets Other Than Goodwill IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill	100000000	eur
CY2021Q4	ifrs-full	Intangible Assets Other Than Goodwill IntangibleAssetsOtherThanGoodwill	3871000000	eur
CY2023	ifrs-full	Impairment Loss Recognised In Profit Or Loss Intangible Assets Other Than Goodwill ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill	53000000	eur
CY2022	ifrs-full	Impairment Loss Recognised In Profit Or Loss Intangible Assets Other Than Goodwill ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill	75000000	eur
CY2021	ifrs-full	Impairment Loss Recognised In Profit Or Loss Intangible Assets Other Than Goodwill ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill	65000000	eur
CY2023	ifrs-full	Disclosure Of Other Assets Explanatory DisclosureOfOtherAssetsExplanatory	Other assets<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The detail of 'Other assets' is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:93.007%"><tr><td style="width:1.0%"></td><td style="width:57.509%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.800%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.145%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.146%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transactions in transit</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">246 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">83 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">157 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net pension plan assets (note 25)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,001 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,345 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,990 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Prepayments and accrued income</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,911 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,003 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,610 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other (note 2.m)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,598 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,536 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,683 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,756</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,967</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,440</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>
CY2023Q4	ifrs-full	Other Receivables OtherReceivables	246000000	eur
CY2022Q4	ifrs-full	Other Receivables OtherReceivables	83000000	eur
CY2021Q4	ifrs-full	Other Receivables OtherReceivables	157000000	eur
CY2023Q4	ifrs-full	Recognised Assets Defined Benefit Plan RecognisedAssetsDefinedBenefitPlan	1001000000	eur
CY2022Q4	ifrs-full	Recognised Assets Defined Benefit Plan RecognisedAssetsDefinedBenefitPlan	1345000000	eur
CY2021Q4	ifrs-full	Recognised Assets Defined Benefit Plan RecognisedAssetsDefinedBenefitPlan	1990000000	eur
CY2023Q4	san	Prepayments And Accrued Income PrepaymentsAndAccruedIncome	2911000000	eur
CY2022Q4	san	Prepayments And Accrued Income PrepaymentsAndAccruedIncome	3003000000	eur
CY2021Q4	san	Prepayments And Accrued Income PrepaymentsAndAccruedIncome	2610000000	eur
CY2023Q4	san	Other Miscellaneous Assets OtherMiscellaneousAssets	4598000000	eur
CY2022Q4	ifrs-full	Other Nonfinancial Assets OtherNonfinancialAssets	9967000000	eur
CY2021Q4	ifrs-full	Other Nonfinancial Assets OtherNonfinancialAssets	8440000000	eur
CY2023	ifrs-full	Disclosure Of Deposits From Banks Explanatory DisclosureOfDepositsFromBanksExplanatory	Deposits from central banks and credit institutions<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The detail, by classification, counterparty, type and currency, of Deposits from central banks and 'Deposits from credit institutions' in the consolidated balance sheets is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.242%"><tr><td style="width:1.0%"></td><td style="width:53.758%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.947%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.947%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.948%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">CENTRAL BANKS</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Classification</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities held for trading</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,808 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,757 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,038 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities designated at fair value through profit or loss</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,209 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,740 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">607 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities at amortized cost</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48,782 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">76,952 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">139,757 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">57,799</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">84,449</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">141,402</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Type</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deposits on demand</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">117 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Time deposits</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,853 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">72,320 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">134,439 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Reverse repurchase agreements</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,829 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,129 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,953 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">57,799</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">84,449</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">141,402</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">CREDIT INSTITUTIONS</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Classification</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities held for trading</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,862 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,796 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,488 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities designated at fair value through profit or loss</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,735 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,958 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,064 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities at amortized cost</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">81,246 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">68,582 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">52,235 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">100,843</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">80,336</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">59,787</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Type</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deposits on demand</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,468 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,808 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,139 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Time deposits</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">54,402 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49,221 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">37,332 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Reverse repurchase agreements</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,689 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,245 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,198 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Subordinated deposits</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">284 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">118 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">100,843</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">80,336</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">59,787</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Currency</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Euro</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53,921 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">65,133 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">107,908 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pound sterling</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,697 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35,357 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42,451 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US dollar</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49,447 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30,924 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,012 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazilian real</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,997 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,195 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,297 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other currencies</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,580 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,176 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,521 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">158,642</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">164,785</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">201,189</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At 31 December 2023, the balance of the conditional long-term financing of the European Central Bank (TLTRO- Targeted Long-Term Refinancing Operation-) amounts to EUR 11,583 million, which corresponds to TLRTO III (EUR 33,536 million and EUR 88,894 million at 31 December 2022 and 2021, respectively). </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At 31 December 2023, the expense recognized in the consolidated income statement corresponding to TLTRO III amounts to EUR 659 million (income of EUR 489 million and EUR 868 million at 31 December 2022 and 2021, respectively), as a result of the conditions of the financing program (see note 2.c.iv).</span></div>Note 51 contains a detail of the residual maturity periods of financial liabilities at amortised cost
CY2023	ifrs-full	Disclosure Of Deposits From Customers Explanatory DisclosureOfDepositsFromCustomersExplanatory	Customer deposits<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The detail, by classification, geographical area and type, of Customer deposits is as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:51.060%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.716%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Classification</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities held for trading</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,837 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,226 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,141 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities designated at fair value through profit or loss</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32,052 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31,143 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,818 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities<br/>at amortized cost</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">995,280 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">966,353 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">886,595 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,047,169</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,009,722</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">900,554</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Geographical area</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">388,736 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">386,826 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">305,775 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">European Union (excluding Spain)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">120,540 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">111,930 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">108,361 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">235,698 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">232,364 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">243,734 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">United States </span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">83,555 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">87,497 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">73,814 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Rest of America</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">208,713 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">181,782 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">159,381 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Rest of the world</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,927 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,323 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,489 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,047,169</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,009,722</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">900,554</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Type</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Demand deposits-</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">661,262 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">710,232 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">717,728 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Current accounts</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">437,972 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">477,739 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">482,649 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Savings accounts</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">216,077 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">225,445 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">227,318 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other demand deposits</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,213 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,048 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,761 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Time deposits-</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">307,085 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">236,099 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">146,469 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Fixed-term deposits and other term deposits</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">302,545 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">232,619 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">144,382 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Home-purchase savings accounts</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">33 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">38 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">38 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Discount deposits</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Hybrid financial liabilities</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,408 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,296 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,906 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Subordinated liabilities</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">99 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">146 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">140 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Repurchase agreements</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">78,822 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">63,391 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36,357 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,047,169</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,009,722</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">900,554</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:115%">Note 51 contains a detail of the residual maturity periods of financial liabilities at amortised cost.</span></div>
CY2023	ifrs-full	Maturity Analysis For Nonderivative Financial Liabilities MaturityAnalysisForNonderivativeFinancialLiabilities	<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The distribution of the book value of debt securities issued by contractual maturity at 31 December 2023 is shown below:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:25.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.198%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Within 3 months</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 12<br/>months</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1 to 3<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 5<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than 5<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Subordinated debt</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,934</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,160</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,435</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30,529</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Senior unsecured debt</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,788</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23,351</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">54,527</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35,156</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28,099</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">143,921</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Senior secured debt</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,283</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,845</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33,733</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,344</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,754</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">87,959</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Promissory notes and other securities</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,802</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23,368</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46,170</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Debt securities issued</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">28,873</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">64,564</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">94,194</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">58,660</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">62,288</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">308,579</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The distribution by contractual maturity of the notional amounts of these debt securities issued at 31 December 2023 is as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:25.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.198%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Within 3 months</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 12<br/>months</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1 to 3<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 5<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than 5<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Subordinated debt</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,913</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,135</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,978</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30,026</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Senior unsecured debt</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,741</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,957</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53,607</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34,563</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,624</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">141,492</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Senior secured debt</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,290</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,884</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33,806</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,388</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,782</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">88,150</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Promissory notes and other securities</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,788</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23,352</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46,140</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Debt securities issued</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">28,819</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">64,193</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">93,326</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">58,086</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">61,384</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">305,808</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The analysis of the maturities of lease liabilities at 31 December 2023, 2022 and 2021 is shown below:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:55.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Maturity Analysis - Discounted payments</span></div></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Within 1 year</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">586 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">707 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">690 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Between 1 and 3 years</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">918 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,005 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">933 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Between 3 and 5 years</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">480 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">454 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">534 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Later than 5 years</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">416 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">456 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">699 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total discounted payments at the end of the year</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,400</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,622</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,856</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>
CY2023Q4	san	Liabilities Secured By Mortgage Backed Bonds LiabilitiesSecuredByMortgageBackedBonds	24619000000	eur
CY2023	ifrs-full	Disclosure Of Subordinated Liabilities Explanatory DisclosureOfSubordinatedLiabilitiesExplanatory	Subordinated liabilities<div style="margin-bottom:6pt;margin-top:3pt;padding-right:263.62pt"><span id="ie1151a0db16a4d2d8da5d87eead12f99"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">a) Breakdown</span></div><div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The detail, by currency of issue, of Subordinated liabilities, deposits and marketable debt securities, in the consolidated balance sheets is as follows:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:42.307%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.496%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr style="height:16pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td><td colspan="3" rowspan="2" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Outstanding issue amount in foreign currency (million)</span></td><td colspan="3" rowspan="2" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Annual interest rate (%)</span></td></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Currency of issue</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Euro</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,684</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,940</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,857</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,684</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.81%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US dollar</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,300</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,438</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,236</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,490</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.17%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pound sterling</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,353</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,358</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,535</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,174</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.30%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazilian real</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,518</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,127</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">879</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,509</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.72%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other currencies</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,057</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,063</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,689</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:0 7.75pt 0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:0 7.75pt 0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at end of year</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">30,912</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">25,926</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">26,196</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Note 51 contains a detail of the residual maturity periods of subordinated liabilities at each year-end.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i871f33a7191c4534af1604f97cb0281a"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">b) Changes</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The movement in the balance of subordinated liabilities in the last three years were as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:58.776%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.171%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.480%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.173%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balance at beginning of year</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,926 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,196 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,880 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net inclusion of entities in the Group</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(40)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Issuances</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,007 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">119 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,340 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Banco Santander, S.A.</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,610 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,469 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Banco Santander (Brasil) S.A.</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,112 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">871 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Banque Stellantis France</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">150 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Banco Santander - Chile</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">113 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Redemptions and repurchases</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,781)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,040)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,500)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Banco Santander, S.A.</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,000)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(889)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,500)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Santander UK plc</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(702)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(98)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Banque Stellantis France</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(78)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(52)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other movements</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(200)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">651 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">476 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at end of year</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">30,912</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">25,926</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">26,196</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:22pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">The balance rel</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">ating to issuances, redemption</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">s and repurchases (EUR 5,226 million), together with the interest paid in remuneration of these issuances including PPCC (EUR 1,150 million), is included in the cash flow from financing activities.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span id="ic2357276393a4189a93ebf6eb3ce882b"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">c) Other disclosures </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">This caption includes contingent convertible or redeemable preferred participations, as well as other subordinated financial instruments issued by consolidated companies, which do not qualify as equity (preferred shares).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Preferred shares do not have voting rights and are non-cumulative. They have been subscribed by third parties outside the Group, and except for the issues of Santander UK plc, the rest are redeemable by decision of the issuer, according to the terms of each issue.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Banco Santander's contingently convertible preferred participations are subordinated debentures and rank after common creditors and any other subordinated credit that by law and/or by their terms, to the extent permitted by Spanish law, ranks higher than the contingently convertible preferred participations. Their remuneration is conditioned to the obtainment of sufficient distributable profits, and to the limitations imposed by the regulations on shareholders' equity, and they have no voting rights. The other issues of Banco Santander, S.A. mentioned in this caption are also subordinated debentures and, for credit ranking purposes, they rank behind all the common creditors of the issuing entities and ahead of any other subordinated credit that ranks pari passu with the Bank's contingently convertible preferred participations.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The main issues of subordinated debt securities issued, broken down by company, are detailed below: </span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:underline">Issues by Banco Santander, S.A. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At 29 December 2023, Banco Santander, S.A., proceeded to prepay all the Tier 1 Contingently Convertible Preferred Securities with ISIN code XS1692931121 for a total nominal amount of EUR 1,000 million and which were traded on the Irish Stock Market 'Global Exchange Market' (the 'PPCC').</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At 21 November 2023, Banco Santander, S.A., carried out a placement of two series of contingently convertible preferred shares into newly issued ordinary shares of the Bank, for a total nominal amount of USD 1,150 million (EUR 1,054 million at the exchange rate on the day of issue) and USD 1,350 million (EUR 1,235 million at the exchange rate on the day of issue), respectively.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The issue was carried out at par and the remuneration of the PPCC, whose payment is subject to certain conditions and is also discretionary, was set (i) for the first Series at 9.625% annually for the first five years and six months, being reviewed every five years thereafter by applying a margin of 530.6 basis points on the five-year UST rate (5-year UST), and (ii) for the second Series at 9.625% annually for the first ten years, being reviewed thereafter every five years, applying a margin of 529.8 basis points on the five-year UST rate. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At 8 August 2023, Banco Santander, S.A. carried out an issue of subordinated obligations for an amount of 2,000 million dollars (1,821 million euros at the exchange rate on the day of issuance). The issue was carried out at par coupon was set at 6.921% per year, payable semiannually during the 10-year life of the operation. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At 23 May 2023, Banco Santander, S.A. issued subordinated bonds for an amount of 1,500 million euros for a term of 10 years and 3 months. The issue was carried at 99.739% and the coupon of the issue was set at 5.75% annually for the first 5 years and 3 months, with the option of amortization in August 2028, revising the coupon, in case of non-amortization, at a margin of 285 points plus the Euro Swap type 5 years.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At 6 July 2022 and 20 July 2022, two subordinated issues matured for a nominal amount of EUR 114 million and EUR 25 million, respectively.</span></div><div style="margin-bottom:9pt;margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At 25 April 2022, Banco Santander, S.A. proceeded to prepay all the Tier 1 Contingently Convertible Preferred Securities with ISIN code XS1602466424 and common code 160246642 in circulation, for a total nominal amount of EUR 750 million and which were traded on the Irish Stock Market 'Global Exchange Market' (the 'PPCC').</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At 22 November 2021, Banco Santander, S.A. issued subordinated debentures for a term of eleven years, with a redemption option on the tenth anniversary of the issue date, in the amount of USD 1,000 million (EUR 1,007 million at the exchange rate on the day of issue). The issue bears interest at an annual rate of 3.225%, payable semi-annually, for the first ten years. This issue has an early redemption option in the tenth year from the issue date and if the redemption is not executed in the tenth year, the coupon is repriced at a margin of 160 points over the one-year US government bond. </span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At 4 October 2021, Banco Santander, S.A. issued subordinated debentures for a term of eleven years, with a redemption option on the sixth anniversary of the issue date, amounting to GBP 850 million (EUR 887 million at the exchange rate on the day of issue). The issue bears interest at an annual rate of 2.25%, payable annually for the first six years (then repricing at a margin of 165 points over the 5-year UK government bond).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At 21 September 2021, Banco Santander, S.A. carried out a placement of preferential shares contingently convertible into newly issued ordinary shares of the Bank ('PPCC') for a nominal amount of EUR 1,000 million (issue placed on the market EUR 997 million). The issuance was carried out at par and the remuneration of the PPCC, whose payment is subject to certain conditions and is also discretionary, was set at 3.625% per year for the first eight years, being reviewed every five years applying a margin of 376 basis points over the 5-year Mid-Swap Rate.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At 11 September 2021, Banco Santander, S.A. proceeded to redeem early and voluntarily the entire issue made on 11 September 2014 of tier 1 contingently convertible preference shares (PPCC) with ISIN code XS1107291541 which are traded in the Irish Stock Exchange Market 'Global Exchange Market', for a total nominal amount of EUR 1,500 million.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At 12 May 2021, Banco Santander, S.A. placed the issue of preference shares contingently convertible into newly issued ordinary shares of the Bank, previously announced, for a total nominal amount of EUR 1,578 million, issued in a Series in Dollars of USD 1,000 million (EUR 828 million at the exchange rate on the day of issue) and a Series in Euros for an amount of EUR 750 million. The issuance was carried out at par and the remuneration of the PPCC, whose payment is subject to certain conditions and is also discretionary, was set (i) for the Series in Dollars at 4.750% per annum for the first six years, being revised every five years applying a margin of 375.3 basis points over the 5-year UST rate and (ii) for the Series in Euros by 4.125% per annum for the first seven years, being revised every five years applying a margin of 431.1 basis points over the applicable 5-year euro mid-swap.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At 3 December 2020, Banco Santander, S.A. issued subordinated debentures with a ten-year term of USD 1,500 million (EUR 1,222 million at the date of issue). The issue bears interest at an annual rate of 2.749%, payable semiannually.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At 22 October 2020, it carried out a ten-year subordinated debenture issue for an amount of EUR 1,000 million. The issue bears interest at an annual rate of 1.625%, payable annually.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At 14 January 2020, it carried out a placement of contingently convertible preferred participations into newly issued ordinary shares of the Bank (the 'PPCCs'), excluding the pre-emptive subscription rights of its shareholders and for a nominal amount of EUR 1,500 million (the 'Issue' and the 'PPCCs'). The Issue was made at par and the remuneration of the PPCCs, the payment of which is subject to certain conditions and is also discretionary, was set at 4.375% per annum for the first six years, revised every five years thereafter by applying a margin of 453.4 basis points over the 5-year Mid-Swap Rate (5-year Mid-Swap Rate).</span></div></div></div><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At 8 February 2019, Banco Santander, S.A, carried out an issue of PPCC for a nominal amount of USD 1,200 million (EUR 1,056 million). The remuneration of the issues whose payment is subject to certain conditions and is also discretionary was set at 7.50% per annum, for the first five years (revised thereafter by applying a margin of 498.9 points over the SOFR Spread Adjusted ICE Swap 5-year).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At 19 March 2018, a 'PPCC' issue was carried out, for a nominal amount of EUR 1,500 million. The remuneration of the issue, the payment of which is subject to certain conditions and is also discretionary, was set at 4.75% per annum, payable quarterly, for the first seven years (revised thereafter by applying a margin of 410 basis points over the Mid-swap rate).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At 8 February 2018, a ten-year subordinated debenture issue of EUR 1,250 million was carried out. The issue accrues annual interest of 2.125% payable annually.</span></div><div style="margin-bottom:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:underline">Issues by Banco Santander - Chile</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In January 2022, Banco Santander - Chile carried out an issuance, in the local market, of subordinated obligations with a term of 6 years, for an amount of UF 3.3 million (equivalent to USD 105 million), which accrues an annual interest of 1.25%.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In June 2020, Banco Santander - Chile issued subordinated debentures for a term of fifteen years, in the amount of UF 5 million (equivalent to USD 185 million). The issue bears annual interest at 3.5%.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In April 2020, Banco Santander - Chile issued two subordinated debentures, the first for a term of fourteen years, for an amount of UF 3 million (equivalent to USD 100 million), bearing annual interest at 3%, and the second for a term of nineteen years, for an amount of UF 3 million (equivalent to USD 100 million), bearing annual interest at 3.15%.</span></div><div style="margin-bottom:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:underline">Issues Banco Santander (Brasil) S.A.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At the beginning of October 2023, Banco Santander (Brasil) S.A. carried out an issue of Subordinated Financial Bills (TIER II) in its local market for a 10-year term, with a repurchase option as of the fifth anniversary of the issue date, in the amount of BRL 6,000 million. The issue price was CDI +1.6% per annum, payable at maturity. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At the end of November 2021, Banco Santander (Brasil) S.A. carried out an issue of Subordinated Financial Bills (TIER II) in its local market for a 10-year term, with a repurchase option as of the fifth anniversary of the issue date, in the amount of BRL 5,500 million. The issue price was CDI 2% per annum, payable at maturity.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:underline">Issues by Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In January 2022, Banco Santander México, S.A. Multiple Institution, Grupo Financiero Santander México proceeded to redeem early a perpetual issue carried out at 30 December 2016 for a nominal amount of USD 500 million, of which 88.2% of the issue had been acquired by the Group.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At 1 October 2018, a ten-year subordinated debenture issue was made by Banco Santander México, S.A. Institución de Banca Múltiple, Grupo Financiero Santander México for a nominal amount of USD 1,300 million and at an interest rate of 5.95%, with the group having acquired 75% of the issue.</span></div></div><div style="margin-bottom:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:underline">Issues by Santander Bank Polska S.A.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At 20 April 2018, Santander Bank Polska S.A. carried out a ten-year subordinated debenture issue with a redemption option on the fifth anniversary of the issue date in the amount of PLN 1,000 million. The issue bears floating interest at Wibor (6M) + 160 basis points payable semi-annually.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The accrued interests from the subordinated liabilities during 2023 amounted to EUR 1,049 million (EUR 992 million and EUR 648 million during 2022 and 2021, respectively). </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In addition, interests from the PPCC and PPCA during 2023 amounted to EUR 492 million (EUR 529 million and EUR 566 million in 2022 and 2021, respectively).</span></div>
CY2023Q4	san	Number Of Series Of Convertible Preferred Stock Issued NumberOfSeriesOfConvertiblePreferredStockIssued	2	branch
CY2022Q3	san	Number Of Subordinated Issues Matured NumberOfSubordinatedIssuesMatured	2	subordinated_issue
CY2023Q4	ifrs-full	Trade And Other Payables To Trade Suppliers TradeAndOtherPayablesToTradeSuppliers	1783000000	eur
CY2022Q4	ifrs-full	Trade And Other Payables To Trade Suppliers TradeAndOtherPayablesToTradeSuppliers	1563000000	eur
CY2021Q4	ifrs-full	Trade And Other Payables To Trade Suppliers TradeAndOtherPayablesToTradeSuppliers	1475000000	eur
CY2023Q4	ifrs-full	Items In Course Of Transmission To Other Banks ItemsInCourseOfTransmissionToOtherBanks	1269000000	eur
CY2022Q4	ifrs-full	Items In Course Of Transmission To Other Banks ItemsInCourseOfTransmissionToOtherBanks	1200000000	eur
CY2021Q4	ifrs-full	Items In Course Of Transmission To Other Banks ItemsInCourseOfTransmissionToOtherBanks	650000000	eur
CY2023Q4	ifrs-full	Payables On Social Security And Taxes Other Than Income Tax PayablesOnSocialSecurityAndTaxesOtherThanIncomeTax	4986000000	eur
CY2022Q4	ifrs-full	Payables On Social Security And Taxes Other Than Income Tax PayablesOnSocialSecurityAndTaxesOtherThanIncomeTax	5796000000	eur
CY2021Q4	ifrs-full	Payables On Social Security And Taxes Other Than Income Tax PayablesOnSocialSecurityAndTaxesOtherThanIncomeTax	5315000000	eur
CY2023Q4	san	Factoring Accounts Payable FactoringAccountsPayable	272000000	eur
CY2022Q4	san	Factoring Accounts Payable FactoringAccountsPayable	262000000	eur
CY2021Q4	san	Factoring Accounts Payable FactoringAccountsPayable	275000000	eur
CY2023Q4	san	Unsettled Financial Transactions Liability UnsettledFinancialTransactionsLiability	6412000000	eur
CY2022Q4	san	Unsettled Financial Transactions Liability UnsettledFinancialTransactionsLiability	5429000000	eur
CY2021Q4	san	Unsettled Financial Transactions Liability UnsettledFinancialTransactionsLiability	3779000000	eur
CY2023Q4	ifrs-full	Lease Liabilities LeaseLiabilities	2400000000	eur
CY2022Q4	ifrs-full	Lease Liabilities LeaseLiabilities	2622000000	eur
CY2021Q4	ifrs-full	Lease Liabilities LeaseLiabilities	2856000000	eur
CY2023Q4	san	Other Financial Liabilities Unspecified OtherFinancialLiabilitiesUnspecified	23065000000	eur
CY2022Q4	san	Other Financial Liabilities Unspecified OtherFinancialLiabilitiesUnspecified	20187000000	eur
CY2021Q4	san	Other Financial Liabilities Unspecified OtherFinancialLiabilitiesUnspecified	15523000000	eur
CY2023Q4	ifrs-full	Other Financial Liabilities OtherFinancialLiabilities	40187000000	eur
CY2022Q4	ifrs-full	Other Financial Liabilities OtherFinancialLiabilities	37059000000	eur
CY2021Q4	ifrs-full	Other Financial Liabilities OtherFinancialLiabilities	29873000000	eur
CY2023	ifrs-full	Cash Outflow For Leases CashOutflowForLeases	738000000	eur
CY2022	ifrs-full	Cash Outflow For Leases CashOutflowForLeases	710000000	eur
CY2021	ifrs-full	Cash Outflow For Leases CashOutflowForLeases	715000000	eur
CY2023Q4	ifrs-full	Lease Liabilities LeaseLiabilities	2400000000	eur
CY2022Q4	ifrs-full	Lease Liabilities LeaseLiabilities	2622000000	eur
CY2021Q4	ifrs-full	Lease Liabilities LeaseLiabilities	2856000000	eur
CY2023	ifrs-full	Disclosure Of Provisions Explanatory DisclosureOfProvisionsExplanatory	Provisions<div style="margin-bottom:6pt;margin-top:9pt"><span id="i167e7c8c415d4ba3b800a453ad1d03b8"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">a) Breakdown</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The detail of Provisions in the consolidated balance sheets is as follows:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:47.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.876%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provision for pensions and other obligations post-employments</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,225 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,392 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,185 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other long term employee benefits</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">880 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">950 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,242 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions for taxes and other legal contingencies</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,715 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,074 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,996 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Contingent liabilities and commitments (note 2.o)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">702 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">734 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">733 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other provisions</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,919 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,999 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,427 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Provisions</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,441</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,149</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,583</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:9pt;padding-right:263.62pt"><span id="i4f4c9130c237439e81117b28b27bc180"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">b) Changes</span></div><div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The changes in 'Provisions' in the last three years were as follows:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:42.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.307%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.603%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.492%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.532%"></td><td style="width:0.1%"></td></tr><tr><td colspan="18" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="15" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Post employment plans</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Long term employee benefits</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Contingent liabilities and commitments</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other provisions</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balances at beginning of year</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,392</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">950</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">734</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,073</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,149</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Incorporation of Group companies, net</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Additions charged to income</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">93 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">244 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(24)</span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,501 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,814 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest expense (note 39)</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">60 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">94 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Staff costs (note 46)</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions or reversion of provisions</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">201 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(24)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,501 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,678 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Addition</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">204 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">392 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,013 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,612 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Release</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(3)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(3)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(416)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,512)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,934)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other additions arising from insurance contracts linked to pensions</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in value recognised in equity</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">944 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">944 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Payments to pensioners and pre-retirees with a charge to internal provisions</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(182)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(316)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(498)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Insurance premiums paid</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Payments to external funds</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(750)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(750)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Amounts used</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,087)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,088)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfer, exchange differences and other changes</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(268)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">147 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(126)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balances at end of year</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,225</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">880</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">702</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,634</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,441</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:19.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.492%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.381%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.392%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.239%"></td><td style="width:0.1%"></td></tr><tr><td colspan="36" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="15" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="15" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Post employment plans</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Long term employee benefits</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Contingent liabilities and commitments</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Other provisions</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Post employment plans</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Long term employee benefits</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Contingent liabilities and commitments</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Other provisions</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Balances at beginning of year</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">3,185</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">1,242</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">733</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">4,423</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">9,583</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">3,976</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">1,751</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">700</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">4,425</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">10,852</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Incorporation of Group companies, net</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Additions charged to income</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">128 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">69 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(27)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,876 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,046 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">100 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">101 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">29 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,748 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,978 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest expense (note 39)</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">73 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">27 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">100 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">78 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">13 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">91 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Staff costs (note 46)</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">57 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">8 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">65 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">67 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">73 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Provisions or reversion of provisions</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">34 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(27)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,876 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,881 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(45)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">82 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">29 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,748 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,814 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">Addition</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">10 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">105 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">618 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">3,484 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">4,217 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">21 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">154 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">473 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">3,065 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">3,713 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">Release</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">(12)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">(71)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">(645)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">(1,608)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">(2,336)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">(66)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">(72)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">(444)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">(317)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">(899)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Other additions arising from insurance contracts linked to pensions</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(33)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(33)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(8)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(8)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Changes in value recognised in equity</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">242 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">242 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1,705)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1,705)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Payments to pensioners and pre-retirees with a charge to internal provisions</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(229)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(363)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(592)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(201)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(605)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(806)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Insurance premiums paid</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(3)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(3)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Payments to external funds</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(451)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(451)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(440)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(440)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Amounts used</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(2,817)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(2,817)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(2,961)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(2,961)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Transfer, exchange differences and other changes</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(447)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">28 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">591 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">174 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,463 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(5)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">211 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,673 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Balances at end of year</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2,392</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">950</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">734</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">4,073</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">8,149</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">3,185</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">1,242</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">733</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">4,423</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">9,583</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:9pt"><span id="i638f960008a54f7fb92e66535c299de4"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">c) Provision for pensions and other obligations post –employments and Other long term employee benefits </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The detail of Provisions for pensions and similar obligations is as follows:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:54.764%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.408%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions for post-employment plans - Spanish entities</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">770</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,245</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,709</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions for other similar obligations - Spanish entities</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">817</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">895</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,188</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which pre-retirements</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">805</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">884</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,176</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions for post-employment plans - United Kingdom</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">76</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions for post-employment plans - Other subsidiaries</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,379</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,118</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,432</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions for other similar obligations - Other subsidiaries</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">63</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">55</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">54</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Provision for pensions and other obligations post -employments and Other long term employee benefits</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,105</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,342</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,427</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which defined benefits</span></td><td colspan="3" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,097</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,335</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,419</span></td></tr></table></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ifaec19724f8e4909b6fe471b9f24e59d"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">i. Spanish entities - Post-employment plans and other similar obligations</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At 31 December 2023, 2022 and 2021, the Spanish entities had post-employment benefit obligations under defined contribution and defined benefit plans. In addition, in various years some of the consolidated entities offered certain of their employees the possibility of taking pre-retirement and, therefore, provisions are recognised each year for the obligations to employees taking pre-retirement -in terms of salaries and other employee benefit costs- from the date of their pre-retirement to the agreed end date.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In December 2020, Banco Santander reached an agreement with the workers' representatives to implement an early retirement and incentivized dismissals plan, which was expected to benefit 3,572 employees during 2021, constituting a provision to cover these commitments amounting to EUR 688 million.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In 2021, to complete the plan announced in 2020, an amount of EUR 139 million was recognised, increasing the number of early retirements and incentivized dismissals plan to 3,915 employees in the total period. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In 2022, the provisions made to cover the commitments with 446 employees covered by early retirement and incentivized dismissals plan amounted to EUR 92 million. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In 2023, the provisions made to cover the commitments with 502 employees covered by early retirements and incentivized dismissals amounted to EUR 160 million.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">On 8 July 2021, Banco Santander reached an agreement with the employee representatives for the transformation of defined benefit pension commitments into defined contributions for certain retired personnel from Banco Popular and Banco Pastor. Through the aforementioned Collective Agreement, it was agreed to carry out an offer to replace the life annuities that the passive personnel included in the scope of application of said Collective Agreement had been receiving, for a capitalization fund in the Santander Employees pension plan. The number of beneficiaries who exercised the voluntary option to accept the substitution of the life annuity for a capitalization fund in the Santander Employees pension plan amounted to 1,468 people.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The effect of the reduction of the aforementioned commitments is shown in the tables below under the headings 'Benefits paid by settlement' amounting to EUR 166 million and 'Effect reduction / settlement' amounting to EUR 38 million.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The expenses incurred by the Spanish companies in 2023, 2022 and 2021 in respect of contributions to defined contribution plans amounted to EUR 116 million, EUR 101 million and EUR 91 million, respectively.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The amount of the defined benefit obligations was determined on the basis of the work performed by independent actuaries using the following actuarial techniques:</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">1. Valuation method: projected unit credit method, which sees each period of service as giving rise to an additional unit of benefit entitlement and measures each unit separately.</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">2. Actuarial assumptions used: unbiased and mutually compatible. Specifically, the most significant actuarial assumptions used in the calculations were as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:18pt;text-indent:-18pt"><span><br/></span></div></div></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:22.307%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.603%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.307%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.344%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.682%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 6.62pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Post-employment plans</span></td><td colspan="3" style="padding:0 6.62pt"></td><td colspan="9" style="padding:2px 6.62pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other similar obligations</span></td></tr><tr><td colspan="3" style="padding:0 1pt 0 12.25pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Annual discount rate</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.35 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.80 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.90 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.35 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.80 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.90 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mortality tables</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">PE2020 M/F Col. Orden 1</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">PE2020 M/F Col. Orden 1</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">PE2020 M/F Col. Orden 1</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">PE2020 M/F Col. Orden 1</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">PE2020 M/F Col. Orden 1</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">PE2020 M/F Col. Orden 1</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cumulative annual CPI growth</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.00 </span></td><td style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.00 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.00 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.00 </span></td><td style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.00 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.00 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Annual salary increase rate</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.25%</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.25%</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.25%</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">N/A</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">N/A</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">N/A</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Annual social security pension increase rate</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.12 </span></td><td style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.00 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.00 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">N/A</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">N/A</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">N/A</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Annual benefit increase rate</span></td><td colspan="3" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">N/A</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">N/A</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">N/A</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0 </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Corresponds to the group’s defined-benefit obligations.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The discount rate used for the flows was determined by reference to high-quality corporate bonds (at least AA in euros) matching the durations of the commitments. From the bond portfolio considered, callable, putable and sinkable bonds, which could distort the rates, are excluded. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Any changes in the main assumptions could affect the calculation of the obligations. At 31 December 2023, if the discount rate used had been decreased or increased by 50 basis points (bp), there would have been an increase or decrease in the present value of the post-employment obligations of 4.15% (-50 bp) to -3.85% (+50 bp),respectively, and an increase or decrease in the present value of the long-term obligations of 1.04% (-50 bp) to -1.02% (+50 bp), respectively.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">These changes would be offset in part by increases or decreases in the fair value of the assets and insurance contracts linked to pensions.</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">3. The estimated retirement age of each employee is the first at which the employee is entitled to retire or the agreed-upon age, as appropriate.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The fair value of insurance contracts was determined as the present value of the related payment obligations, taking into account the following assumptions:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:50.603%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.751%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.985%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.757%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Post-employment plans</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other similar obligations</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Expected rate of return on plan assets</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.35 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.80 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.90 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.35 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.80 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.90 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Expected rate of return on reimbursement rights</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.35 </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.80 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.90 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">N/A</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">N/A</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">N/A</span></td></tr></table></div><div style="margin-bottom:9pt;margin-top:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The funding status of the defined benefit obligations in 2023 and the two preceding years is as follows:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:51.492%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.455%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.985%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.756%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="9" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Post-employment plans</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="9" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other similar obligations</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Present value of the obligations</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To current employees</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Vested obligations to retired employees</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,917 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,005 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,797 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To pre-retirees employees</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">812 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">892 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,186 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Long-service bonuses and other benefits</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">65 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,987</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,076</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,891</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">824</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">903</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,198</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Less - Fair value of plan assets</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,235 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">861 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,217 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Provisions - Provisions for pensions</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">752</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,215</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,674</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">817</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">895</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,188</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Internal provisions for pensions</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">677 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,141 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,560 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">817 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">895 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,188 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Net pension assets</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(14)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(24)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(30)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Insurance contracts linked to pensions (note 14)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">93 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">104 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">149 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Unrecognised net assets for pensions</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(4)</span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(6)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(5)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:15pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:119%">The amounts recognised in the consolidated income statements in relation to the aforementioned defined benefit obligations are as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.575%"><tr><td style="width:1.0%"></td><td style="width:50.460%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.775%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.775%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.775%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.988%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.775%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.775%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.777%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="9" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Post-employment plans</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="9" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other similar obligations</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Current service cost</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest cost (net)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Expected return on insurance contracts linked to pensions</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions or reversion of provisions</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Actuarial (gains)/losses recognised in the year</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(67)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(15)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Past service cost</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Pre-retirement cost</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">160 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">92 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">139 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-style:italic;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(8)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(39)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(55)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">41</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">41</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">210</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">51</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">81</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Including reduction/settlement effect</span></div><div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In addition, in 2023 'Other comprehensive income – Items not reclassified to profit or loss – Actuarial gains or (-) losses on defined benefit pension plans' has increased by EUR 10 million with respect to defined benefit obligations (decrease of EUR 295 and EUR 37 million in 2022 and 2021, respectively).</span></div><div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The changes in the present value of the accrued defined benefit obligations were as follows:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:38.603%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.832%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="9" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Post-employment plans</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="9" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other similar obligations</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value of the obligations at beginning of year</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,076 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,891 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,419 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">903 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,198 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,707 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Incorporation of Group companies, net</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Current service cost</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest cost</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">82 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">78 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pre-retirement cost</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">160 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">92 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">139 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Effect of curtailment/settlement</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(61)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(55)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Benefits paid</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(210)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(258)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(248)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(290)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(346)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(589)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Benefits paid due to settlements</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(166)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Past service cost</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Actuarial (gains)/losses</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">37 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(631)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(121)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(68)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(15)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Demographic actuarial (gains)/losses</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(2)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(5)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(8)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Financial actuarial (gains)/losses</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">39 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(633)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(130)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(63)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(7)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other items</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Present value of the obligations at end of year</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,987</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,076</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,891</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">824</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">903</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,198</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;margin-top:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The changes in the fair value of plan assets and of insurance contracts linked to pensions were as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="margin-bottom:6pt;margin-top:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:33.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.720%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Plan Assets</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="21" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Post-employment plans</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other similar obligations</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Fair value of plan assets at beginning of year</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">861 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,217 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,542 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Incorporation of Group companies, net</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Expected return on plan assets</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains/(losses) on settlements</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(22)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Benefits paid</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(89)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(78)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(263)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Contributions/(surrenders)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">409 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Actuarial gains/(losses)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(303)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(76)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other items</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value of plan assets at end of year</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,235</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">861</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,217</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:33.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.720%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Insurance Contracts linked to pensions</span></td></tr><tr><td colspan="24" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr style="height:12pt"><td colspan="3" rowspan="2" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Post-employment plans</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other similar obligations</span></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Fair value of insurance contracts linked to pensions at beginning of year</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">104 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">149 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">174 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Incorporation of Group companies, net</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Expected return on insurance contracts linked to pensions</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Benefits paid</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(15)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(19)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Paid premiums</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Actuarial gains/(losses)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(33)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value of insurance contracts linked to pensions at end of year</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">93</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">104</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">149</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In view of the conversion of the defined-benefit obligations to defined-contribution obligations, the Group will not make material current contributions in Spain in 2024 to fund its defined-benefit pension obligations.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The plan assets and the insurance contracts linked to pensions are instrumented mainly through insurance policies.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The following table shows the estimated benefits payable at 31 December 2023 for the next ten years:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:86.554%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.246%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2024</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.5pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">464</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2025</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">390</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2026</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">338</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2027</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">281</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2028</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">229</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2029 to 2033</span></td><td colspan="3" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">744</span></td></tr></table></div><div style="margin-bottom:3pt;margin-top:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i2eaba39fa4a949c19ec0c3335928a7ee"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">ii. United Kingdom</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At the end of each of the last three years, the businesses in the United Kingdom had post-employment benefit obligations under defined contribution and defined benefit plans. The expenses incurred in respect of contributions to defined contribution plans amounted to EUR 87 million in 2023 (EUR 77 million in 2022 and EUR 89 million in 2021).</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The amount of the defined benefit obligations was determined on the basis of the work performed by independent actuaries using the following actuarial techniques:</span></div><div><span><br/></span></div><div style="margin-bottom:9pt;padding-left:9.07pt;text-indent:-9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">1. Valuation method: projected unit credit method, which sees each period of service as giving rise to an additional unit of benefit entitlement and measures each unit separately.</span></div><div style="margin-bottom:9pt;padding-left:9.07pt;text-indent:-9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">2. Actuarial assumptions used: unbiased and mutually compatible. Specifically, the most significant actuarial assumptions used in the calculations were as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:20.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:25.134%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:25.134%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:25.136%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Annual discount rate</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.63%</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.88%</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.90%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mortality tables</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">The S3 Middle tables weighted at 84% of the CMI_2022 projection with an initial addition of 0.25%, smoothing parameter 7 and improving 1.25%.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">The S3 Middle tables weighted at 84% of the CMI_2021 projection with an initial addition of 0.25%, smoothing parameter 7 and improving 1.25%.</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">The S3 Middle tables weighted at 84% of the CMI_2020 projection with an initial addition of 0.15%, smoothing parameter 7 and improving 1.25%.</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cumulative annual CPI growth</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.02%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.11%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.37%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Annual salary increase rate</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.00%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.00%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.00%</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Annual pension increase rate</span></td><td colspan="3" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.96%</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.98%</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.21%</span></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The discount rate used for the flows was determined by reference to high-quality corporate bonds (at least AA in pounds sterling) that coincide with the terms of the obligations.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Any changes in the main assumptions could affect the calculation of the obligations. At 31 December 2023, if the discount rate used had been decreased or increased by 50 basis points, there would have been an increase or decrease in the present value of the obligations of 6.89% (-50 bp) and -6.18% (+50 bp), respectively. If the inflation assumption had been increased or decreased by 50 basis points, there would have been an increase or decrease in the present value of the obligations of 4.69% (+50 bp) and -4.51% (-50 bp), respectively. These changes would be offset in part by increases or decreases in the fair value of the assets.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The funding status of the defined benefit obligations in 2023 and the two preceding years is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:55.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value of the obligations</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,451 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,982 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,392 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Less-</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Fair value of plan assets</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,208 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,152 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,244 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Provisions - Provisions for pensions</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(757)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,170)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,852)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Internal provisions for pensions</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">76 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">29 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">44 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Net assets for pensions</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(833)</span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,199)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,896)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The amounts recognised in the consolidated income statements in relation to the aforementioned defined benefit obligations are as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:61.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.248%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Current service cost</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest cost (net)</span></td><td colspan="2" style="background-color:#edf5f8;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(62)</span></td><td style="background-color:#edf5f8;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(37)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions or reversal of provisions, net</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cost of services provided</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Others</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(48)</span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(7)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">33</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In addition, in 2023 'Other comprehensive income – Items not reclassified to profit or loss – Actuarial gains or (-) losses on defined benefit pension plans' increased by EUR 687 million with respect to defined benefit obligations (increase of EUR 857 million and decrease of EUR 1,475 million in 2022 and 2021, respectively).</span></div><div style="margin-bottom:1pt;margin-top:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The changes in the present value of the accrued defined benefit obligations were as follows:</span></div><div style="margin-bottom:9pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:61.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.248%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value of the obligations at beginning of year</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,982 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,392 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,472 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net incorporation of companies into the Group</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(28)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Current service cost</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest cost</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">436 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">283 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">219 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Benefits paid</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(428)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(487)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(465)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Benefits paid by settlements</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Contributions made by employees</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Past service cost</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Actuarial (gains)/losses</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">281 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,660)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(933)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Demographic actuarial (gains)/losses</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(59)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(144)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(17)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Financial actuarial (gains)/losses</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">340 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(5,516)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(916)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other items</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">197 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(585)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,042 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Present value of the obligations at end of year</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,451</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,982</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,392</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The changes in the fair value of the plan assets were as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:61.554%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.554%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.247%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Fair value of plan assets at beginning of year</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,152 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,244 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,575 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net incorporation of companies into the Group</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(41)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Expected return on plan assets</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">498 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">320 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">225 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Benefits paid</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(434)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(487)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(463)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Contributions</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">225 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">262 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">285 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Actuarial gains/(losses)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(406)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6,517)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">541 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other items</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">214 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(670)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,081 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value of plan assets at end of year</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,208</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,152</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17,244</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In 2024 the Group expects to make current contributions to fund these obligations for amounts similar to those made in 2023.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The main categories of plan assets as a percentage of total plan assets are as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:60.628%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.480%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.247%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt instruments</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Properties</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26 </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The following table shows the estimated benefits payable at 31 December 2023 for the next ten years:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:86.554%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.246%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2024</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.5pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">525 </span></td><td style="background-color:#edf5f8;border-top:0.5pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2025</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">448 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2026</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">466 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2027</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">494 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2028</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">512 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2029 to 2033</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,764 </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i86fe89133128425bbe99e651fb1d2d97"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">iii. Other foreign subsidiaries</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Certain of the consolidated foreign entities have acquired commitments to their employees similar to post-employment benefits.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At 31 December 2023, 2022 and 2021, these entities had defined-contribution and defined-benefit post-employment benefit obligations. The expenses incurred in respect of contributions to defined contribution plans amounted to EUR 107 million in 2023 (EUR 118 million at 31 December 2022 and EUR 106 million at 31 December 2021).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The actuarial assumptions used by these entities (discount rates, mortality tables and cumulative annual CPI growth) are consistent with the economic and social conditions prevailing in the countries in which they are located.</span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Specifically, the discount rate used for the flows was determined by reference to high-quality corporate bonds, except in the case of Brazil where there is no extensive corporate bond market and, accordingly the discount rate was determined by reference to the series B bonds issued by the Brazilian National Treasury Secretariat for a term coinciding with that of the obligations. In Brazil the discount rate used was between 8.65% and 8.70%, the CPI 3.00% and the mortality table the AT-2000 Basic.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Any changes in the main assumptions could affect the calculation of the obligations. At 31 December 2023, if the discount rate used had been decreased or increased by 50 basis points, there would have been an increase or decrease in the present value of the obligations of 4.49% (-50 bp) and -4.16% (+50 bp), respectively. These changes would be offset in part by increases or decreases in the fair value of the assets.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The funding status of the obligations similar to post-employment benefits and other long-term benefits in 2023 and the two preceding years is as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:6pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:56.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.976%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Of which business in Brazil</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value of the obligations</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,485 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,961 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,578 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,018 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Less-</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which: with a charge to the participants</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">114 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">114 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">107 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">106 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Fair value of plan assets</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,787 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,132 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,321 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,167 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Provisions - Provisions for pensions</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">584</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:105%">(285)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">150</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">745</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Internal provisions for pensions</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,434 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">474 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,166 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,478 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Net assets for pensions</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(154)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(63)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(122)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(64)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Unrecognised net assets for pensions</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(696)</span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(696)</span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(894)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(669)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The amounts recognised in the consolidated income statements in relation to these obligations are as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:61.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.248%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Current service cost</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest cost (net)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">84 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">64 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions or reversion of provisions</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(Actuarial gains)/losses recognised in the year</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Past service cost</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pre-retirement cost</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(24)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">130</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">108</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">83</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In addition, in 2023 'Other comprehensive income – Items not reclassified to profit or loss – Actuarial gains or (-) losses on defined benefit pension plans' increased by EUR 247 million with respect to defined benefit obligations (decreased EUR 320 million and EUR 193 million in 2022 and 2021, respectively). </span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The changes in the present value of the accrued obligations were as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:58.776%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.171%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.480%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.173%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value of the obligations at beginning of year</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,578 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,018 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,434 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Incorporation of Group companies, net</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(20)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Current service cost</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest cost</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">600 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">546 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">429 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pre-retirement cost</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(24)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Effect of curtailment/settlement</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Benefits paid</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(730)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(653)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(538)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Benefits paid due to settlements</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(179)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Contributions made by employees</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Past service cost</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Actuarial (gains)/losses</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">697 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(876)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(486)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Demographic actuarial (gains)/losses</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">40 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">16 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Financial actuarial (gains)/losses</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">657 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(881)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(502)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other items</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">335 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">681 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">171 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Present value of the obligations<br/>at end of year</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,485</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,578</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,018</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The changes in the fair value of the plan assets were as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:61.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.248%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Fair value of plan assets at beginning of year</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,321 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,167 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,182 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Incorporation of Group companies, net</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Expected return on plan assets</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">588 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">570 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">411 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Benefits paid</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(644)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(766)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(478)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Contributions</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">124 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">198 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">152 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Actuarial gains/(losses)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">110 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(498)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(155)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other items</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">304 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">650 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">61 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value of plan assets at end of year</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,787</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,321</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,167</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In 2024 the Group expects to make contributions to fund these obligations for amounts similar to those made in 2023.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The main categories of plan assets as a percentage of total plan assets are as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:53.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.023%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.023%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.025%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11%</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt instruments</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">83 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">83%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">83%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Properties</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1%</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5%</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4%</span></td></tr></table></div><div style="margin-bottom:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The following table shows the estimated benefits payable at 31 December 2023 for the next ten years:</span></div><div style="margin-bottom:12pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:86.554%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.246%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2024</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.5pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">658 </span></td><td style="background-color:#edf5f8;border-top:0.5pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2025</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">665 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2026</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">671 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2027</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">682 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2028</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">694 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2029 to 2033</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,499 </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:6pt"><span id="i48a398fdf4744af496961f7851b779a3"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">d) Provisions for taxes and other legal contingencies and Other provisions</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">'Provisions - Provisions for taxes and other legal contingencies' and 'Provisions - Other provisions', which include, inter alia, provisions for restructuring costs and tax-related and non-tax-related proceedings, were estimated using prudent calculation procedures in keeping with the uncertainty inherent to the obligations covered. The definitive date of the outflow of resources embodying economic benefits for the Group depends on each obligation. In certain cases, these obligations have no fixed settlement period and, in other cases, depend on the legal proceedings in progress.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The detail, by geographical area, of Provisions for taxes and other legal contingencies and Other provisions is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:61.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.248%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Recognised by Spanish companies</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,921 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,768 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,595 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Recognised by other EU companies</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">433 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">328 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">779 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Recognised by other companies</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,280 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,977 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,049 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,618 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,243 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,339 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,634</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,073</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,423</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Set forth below is the detail, by type of provision, of the balance at 31 December 2023, 2022 and 2021 of Provisions for taxes and other legal contingencies and Other provisions. </span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The types of provision were determined by grouping together items of a similar nature:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:61.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.248%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions for taxes</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">745 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">679 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">564 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions for employment-related proceedings (Brazil)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">611 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">301 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">328 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions for other legal proceedings</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,359 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,094 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,104 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provision for customer remediation</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">454 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">349 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">745 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provision for restructuring</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">596 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">641 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">749 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">869 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,009 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">933 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,634</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,073</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,423</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Relevant information is set forth below in relation to each type of provision shown in the preceding table.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The provisions for taxes include provisions for tax-related proceedings.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The provisions for employment-related proceedings (Brazil) relate to claims filed by trade unions, associations, the prosecutor’s office and ex-employees claiming employment rights to which, in their view, they are entitled, particularly the payment of overtime and other employment rights, including litigation concerning retirement benefits. The number and nature of these proceedings, which are common for banks in Brazil, justify the classification of these provisions in a separate category or as a separate type from the rest. The Group calculates the provisions associated with these claims in accordance with past experience of payments made in relation to claims for similar items. When claims do not fall within these categories, a case-by-case assessment is performed and the amount of the provision is calculated in accordance with the status of each proceeding and the risk assessment carried out by the legal advisers.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The provisions for other legal proceedings include provisions for court, arbitration or administrative proceedings (other than those included in other categories or types of provisions disclosed separately) brought against Grupo Santander companies.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The provisions for customer remediation include mainly the estimated cost of payments to remedy errors relating to the sale of certain products in the UK, as well as the estimated amount related to the floor clauses of Banco Popular Español, S.A.U. To calculate the provision for customer remediation, the best estimate of the provision made by management is used, which is based on the estimated number of claims to be received and, of these, the number that will be accepted, as well as the estimated average payment per case. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The provisions for restructuring include only the costs arising from restructuring processes carried out by the various Group companies.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Lastly, the Other heading contains very atomized and individually insignificant provisions, such as the provisions to cover the operational risk of the different offices of the Group.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Qualitative information on the main litigation is provided in Note 25 e to the consolidated financial statements.</span></div></div></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The Group's general policy is to record provisions for tax and legal proceedings in which the Group assesses the chances of loss to be probable and the Group does not record provisions when the chances of loss are possible or remote. Grupo Santander determines the amounts to be provided for as its best estimate of the expenditure required to settle the corresponding claim based, among other factors, on a case-by-case analysis of the facts and the legal opinion of internal and external counsel or by considering the historical average amount of the loss incurred in claims of the same nature. The definitive date of the outflow of resources embodying economic benefits for the Group depends on each obligation. In certain cases, the obligations do not have a fixed settlement term and, in others, they depend on legal proceedings in progress.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Regarding their variations in fiscal year 2023, in provisions for labor processes and others of a legal nature, EUR 556 million and EUR 238 million were recorded in Brazil in 2023, making payments of EUR 269 million and EUR 227 million, respectively.</span></div>
CY2023Q4	ifrs-full	Provisions Provisions	8441000000	eur
CY2022Q4	ifrs-full	Provisions Provisions	8149000000	eur
CY2021Q4	ifrs-full	Provisions Provisions	9583000000	eur
CY2022Q4	ifrs-full	Provisions Provisions	8149000000	eur
CY2023	san	Increase Decrease Through Incorporation Of Group Companies Provisions IncreaseDecreaseThroughIncorporationOfGroupCompaniesProvisions	-4000000	eur
CY2023	san	Increase Decrease Through Additions Charged Reversed To Income Provisions IncreaseDecreaseThroughAdditionsChargedReversedToIncomeProvisions	2814000000	eur
CY2023	san	Increase Through Pension Interest Expense Provision IncreaseThroughPensionInterestExpenseProvision	94000000	eur
CY2023	san	Increase Through Defined Benefit Pension Plans Personnel Expense Provisions IncreaseThroughDefinedBenefitPensionPlansPersonnelExpenseProvisions	42000000	eur
CY2023	san	Increase Decrease Through Extraordinary Provisions IncreaseDecreaseThroughExtraordinaryProvisions	2678000000	eur
CY2023	san	Increase Through Addition Of Extraordinary Provisions IncreaseThroughAdditionOfExtraordinaryProvisions	4612000000	eur
CY2023	san	Decrease Through Release Of Extraordinary Provisions DecreaseThroughReleaseOfExtraordinaryProvisions	1934000000	eur
CY2023	san	Increase Decrease Through Other Additions Arising From Insurance Contracts Linked To Pensions Provisions IncreaseDecreaseThroughOtherAdditionsArisingFromInsuranceContractsLinkedToPensionsProvisions	0	eur
CY2023	san	Increase Decrease Through Changes In Value Recognized In Equity Provisions IncreaseDecreaseThroughChangesInValueRecognizedInEquityProvisions	944000000	eur
CY2023	san	Decrease Through Payments To Pensioners And Pre Retirees Provisions DecreaseThroughPaymentsToPensionersAndPreRetireesProvisions	498000000	eur
CY2023	san	Decrease Through Insurance Premiums Paid Provisions DecreaseThroughInsurancePremiumsPaidProvisions	0	eur
CY2023	san	Decrease Through Payments To External Funds Provisions DecreaseThroughPaymentsToExternalFundsProvisions	750000000	eur
CY2023	san	Decrease Through Amounts Used Provisions DecreaseThroughAmountsUsedProvisions	2088000000	eur
CY2023	san	Increase Decrease Through Transfer Exchange Differences And Other Changes Provisions IncreaseDecreaseThroughTransferExchangeDifferencesAndOtherChangesProvisions	-126000000	eur
CY2023Q4	ifrs-full	Provisions Provisions	8441000000	eur
CY2021Q4	ifrs-full	Provisions Provisions	9583000000	eur
CY2020Q4	ifrs-full	Provisions Provisions	10852000000	eur
CY2022	san	Increase Decrease Through Incorporation Of Group Companies Provisions IncreaseDecreaseThroughIncorporationOfGroupCompaniesProvisions	0	eur
CY2021	san	Increase Decrease Through Incorporation Of Group Companies Provisions IncreaseDecreaseThroughIncorporationOfGroupCompaniesProvisions	0	eur
CY2022	san	Increase Decrease Through Additions Charged Reversed To Income Provisions IncreaseDecreaseThroughAdditionsChargedReversedToIncomeProvisions	2046000000	eur
CY2021	san	Increase Decrease Through Additions Charged Reversed To Income Provisions IncreaseDecreaseThroughAdditionsChargedReversedToIncomeProvisions	2978000000	eur
CY2022	san	Increase Through Pension Interest Expense Provision IncreaseThroughPensionInterestExpenseProvision	100000000	eur
CY2021	san	Increase Through Pension Interest Expense Provision IncreaseThroughPensionInterestExpenseProvision	91000000	eur
CY2022	san	Increase Through Defined Benefit Pension Plans Personnel Expense Provisions IncreaseThroughDefinedBenefitPensionPlansPersonnelExpenseProvisions	65000000	eur
CY2021	san	Increase Through Defined Benefit Pension Plans Personnel Expense Provisions IncreaseThroughDefinedBenefitPensionPlansPersonnelExpenseProvisions	73000000	eur
CY2022	san	Increase Decrease Through Extraordinary Provisions IncreaseDecreaseThroughExtraordinaryProvisions	1881000000	eur
CY2021	san	Increase Decrease Through Extraordinary Provisions IncreaseDecreaseThroughExtraordinaryProvisions	2814000000	eur
CY2022	san	Increase Through Addition Of Extraordinary Provisions IncreaseThroughAdditionOfExtraordinaryProvisions	4217000000	eur
CY2021	san	Increase Through Addition Of Extraordinary Provisions IncreaseThroughAdditionOfExtraordinaryProvisions	3713000000	eur
CY2022	san	Decrease Through Release Of Extraordinary Provisions DecreaseThroughReleaseOfExtraordinaryProvisions	2336000000	eur
CY2021	san	Decrease Through Release Of Extraordinary Provisions DecreaseThroughReleaseOfExtraordinaryProvisions	899000000	eur
CY2022	san	Increase Decrease Through Other Additions Arising From Insurance Contracts Linked To Pensions Provisions IncreaseDecreaseThroughOtherAdditionsArisingFromInsuranceContractsLinkedToPensionsProvisions	-33000000	eur
CY2021	san	Increase Decrease Through Other Additions Arising From Insurance Contracts Linked To Pensions Provisions IncreaseDecreaseThroughOtherAdditionsArisingFromInsuranceContractsLinkedToPensionsProvisions	-8000000	eur
CY2022	san	Increase Decrease Through Changes In Value Recognized In Equity Provisions IncreaseDecreaseThroughChangesInValueRecognizedInEquityProvisions	242000000	eur
CY2021	san	Increase Decrease Through Changes In Value Recognized In Equity Provisions IncreaseDecreaseThroughChangesInValueRecognizedInEquityProvisions	-1705000000	eur
CY2022	san	Decrease Through Payments To Pensioners And Pre Retirees Provisions DecreaseThroughPaymentsToPensionersAndPreRetireesProvisions	592000000	eur
CY2021	san	Decrease Through Payments To Pensioners And Pre Retirees Provisions DecreaseThroughPaymentsToPensionersAndPreRetireesProvisions	806000000	eur
CY2022	san	Decrease Through Insurance Premiums Paid Provisions DecreaseThroughInsurancePremiumsPaidProvisions	3000000	eur
CY2021	san	Decrease Through Insurance Premiums Paid Provisions DecreaseThroughInsurancePremiumsPaidProvisions	0	eur
CY2022	san	Decrease Through Payments To External Funds Provisions DecreaseThroughPaymentsToExternalFundsProvisions	451000000	eur
CY2021	san	Decrease Through Payments To External Funds Provisions DecreaseThroughPaymentsToExternalFundsProvisions	440000000	eur
CY2022	san	Decrease Through Amounts Used Provisions DecreaseThroughAmountsUsedProvisions	2817000000	eur
CY2021	san	Decrease Through Amounts Used Provisions DecreaseThroughAmountsUsedProvisions	2961000000	eur
CY2022	san	Increase Decrease Through Transfer Exchange Differences And Other Changes Provisions IncreaseDecreaseThroughTransferExchangeDifferencesAndOtherChangesProvisions	174000000	eur
CY2021	san	Increase Decrease Through Transfer Exchange Differences And Other Changes Provisions IncreaseDecreaseThroughTransferExchangeDifferencesAndOtherChangesProvisions	1673000000	eur
CY2022Q4	ifrs-full	Provisions Provisions	8149000000	eur
CY2021Q4	ifrs-full	Provisions Provisions	9583000000	eur
CY2023Q4	san	Provision For Defined Benefits ProvisionForDefinedBenefits	3097000000	eur
CY2022Q4	san	Provision For Defined Benefits ProvisionForDefinedBenefits	3335000000	eur
CY2021Q4	san	Provision For Defined Benefits ProvisionForDefinedBenefits	4419000000	eur
CY2020Q4	san	Number Of Employees Accepted Pre Retirement And Voluntary Redundancy Offers Estimate NumberOfEmployeesAcceptedPreRetirementAndVoluntaryRedundancyOffersEstimate	3572	people
CY2020Q4	san	Provisions Recognized To Cover Expenses Of Pre Retirement And Voluntary Redundancy Offers ProvisionsRecognizedToCoverExpensesOfPreRetirementAndVoluntaryRedundancyOffers	688000000	eur
CY2021	san	Provisions Recognized To Cover Expenses Of Pre Retirement And Voluntary Redundancy Offers ProvisionsRecognizedToCoverExpensesOfPreRetirementAndVoluntaryRedundancyOffers	139000000	eur
CY2021	san	Number Of Employees Accepted Pre Retirement And Voluntary Redundancy Offers Estimate NumberOfEmployeesAcceptedPreRetirementAndVoluntaryRedundancyOffersEstimate	3915	people
CY2022	san	Number Of Employees Accepted Pre Retirement And Voluntary Redundancy Offers NumberOfEmployeesAcceptedPreRetirementAndVoluntaryRedundancyOffers	446	people
CY2022	san	Provisions Recognized To Cover Expenses Of Pre Retirement And Voluntary Redundancy Offers ProvisionsRecognizedToCoverExpensesOfPreRetirementAndVoluntaryRedundancyOffers	92000000	eur
CY2023	san	Number Of Employees Accepted Pre Retirement And Voluntary Redundancy Offers NumberOfEmployeesAcceptedPreRetirementAndVoluntaryRedundancyOffers	502	people
CY2023	san	Provisions Recognized To Cover Expenses Of Pre Retirement And Voluntary Redundancy Offers ProvisionsRecognizedToCoverExpensesOfPreRetirementAndVoluntaryRedundancyOffers	160000000	eur
CY2021Q3	san	Number Of Employees Accepted Pre Retirement And Voluntary Redundancy Offers NumberOfEmployeesAcceptedPreRetirementAndVoluntaryRedundancyOffers	1468	people
CY2023	ifrs-full	Disclosure Of Net Defined Benefit Liability Asset Explanatory DisclosureOfNetDefinedBenefitLiabilityAssetExplanatory	<div style="margin-bottom:9pt;margin-top:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The funding status of the defined benefit obligations in 2023 and the two preceding years is as follows:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:51.492%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.455%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.985%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.756%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="9" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Post-employment plans</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="9" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other similar obligations</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Present value of the obligations</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To current employees</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Vested obligations to retired employees</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,917 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,005 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,797 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To pre-retirees employees</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">812 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">892 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,186 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Long-service bonuses and other benefits</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">65 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,987</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,076</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,891</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">824</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">903</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,198</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Less - Fair value of plan assets</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,235 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">861 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,217 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Provisions - Provisions for pensions</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">752</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,215</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,674</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">817</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">895</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,188</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Internal provisions for pensions</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">677 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,141 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,560 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">817 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">895 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,188 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Net pension assets</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(14)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(24)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(30)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Insurance contracts linked to pensions (note 14)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">93 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">104 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">149 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Unrecognised net assets for pensions</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(4)</span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(6)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(5)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The funding status of the defined benefit obligations in 2023 and the two preceding years is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:55.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value of the obligations</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,451 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,982 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,392 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Less-</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Fair value of plan assets</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,208 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,152 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,244 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Provisions - Provisions for pensions</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(757)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,170)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,852)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Internal provisions for pensions</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">76 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">29 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">44 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Net assets for pensions</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(833)</span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,199)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,896)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The funding status of the obligations similar to post-employment benefits and other long-term benefits in 2023 and the two preceding years is as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:6pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:56.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.976%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Of which business in Brazil</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value of the obligations</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,485 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,961 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,578 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,018 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Less-</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which: with a charge to the participants</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">114 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">114 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">107 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">106 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Fair value of plan assets</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,787 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,132 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,321 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,167 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Provisions - Provisions for pensions</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">584</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:105%">(285)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">150</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">745</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Internal provisions for pensions</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,434 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">474 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,166 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,478 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Net assets for pensions</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(154)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(63)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(122)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(64)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Unrecognised net assets for pensions</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(696)</span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(696)</span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(894)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(669)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>
CY2023	ifrs-full	Disclosure Of Defined Benefit Plans Explanatory DisclosureOfDefinedBenefitPlansExplanatory	<div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The changes in the present value of the accrued defined benefit obligations were as follows:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:38.603%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.832%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="9" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Post-employment plans</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="9" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other similar obligations</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value of the obligations at beginning of year</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,076 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,891 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,419 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">903 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,198 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,707 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Incorporation of Group companies, net</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Current service cost</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest cost</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">82 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">78 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pre-retirement cost</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">160 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">92 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">139 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Effect of curtailment/settlement</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(61)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(55)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Benefits paid</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(210)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(258)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(248)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(290)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(346)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(589)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Benefits paid due to settlements</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(166)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Past service cost</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Actuarial (gains)/losses</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">37 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(631)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(121)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(68)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(15)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Demographic actuarial (gains)/losses</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(2)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(5)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(8)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Financial actuarial (gains)/losses</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">39 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(633)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(130)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(63)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(7)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other items</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Present value of the obligations at end of year</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,987</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,076</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,891</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">824</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">903</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,198</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:1pt;margin-top:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The changes in the present value of the accrued defined benefit obligations were as follows:</span></div><div style="margin-bottom:9pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:61.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.248%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value of the obligations at beginning of year</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,982 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,392 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,472 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net incorporation of companies into the Group</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(28)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Current service cost</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest cost</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">436 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">283 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">219 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Benefits paid</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(428)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(487)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(465)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Benefits paid by settlements</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Contributions made by employees</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Past service cost</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Actuarial (gains)/losses</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">281 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,660)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(933)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Demographic actuarial (gains)/losses</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(59)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(144)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(17)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Financial actuarial (gains)/losses</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">340 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(5,516)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(916)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other items</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">197 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(585)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,042 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Present value of the obligations at end of year</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,451</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,982</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,392</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The changes in the present value of the accrued obligations were as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:58.776%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.171%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.480%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.173%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value of the obligations at beginning of year</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,578 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,018 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,434 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Incorporation of Group companies, net</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(20)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Current service cost</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest cost</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">600 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">546 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">429 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pre-retirement cost</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(24)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Effect of curtailment/settlement</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Benefits paid</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(730)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(653)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(538)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Benefits paid due to settlements</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(179)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Contributions made by employees</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Past service cost</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Actuarial (gains)/losses</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">697 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(876)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(486)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Demographic actuarial (gains)/losses</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">40 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">16 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Financial actuarial (gains)/losses</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">657 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(881)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(502)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other items</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">335 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">681 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">171 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Present value of the obligations<br/>at end of year</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,485</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,578</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,018</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>
CY2023	ifrs-full	Disclosure Of Fair Value Of Plan Assets Explanatory DisclosureOfFairValueOfPlanAssetsExplanatory	<div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;margin-top:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The changes in the fair value of plan assets and of insurance contracts linked to pensions were as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span><br/></span></div></div></div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:33.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.720%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Plan Assets</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="21" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Post-employment plans</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other similar obligations</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Fair value of plan assets at beginning of year</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">861 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,217 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,542 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Incorporation of Group companies, net</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Expected return on plan assets</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains/(losses) on settlements</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(22)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Benefits paid</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(89)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(78)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(263)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Contributions/(surrenders)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">409 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Actuarial gains/(losses)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(303)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(76)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other items</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value of plan assets at end of year</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,235</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">861</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,217</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table><div style="margin-bottom:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The changes in the fair value of the plan assets were as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:61.554%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.554%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.247%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Fair value of plan assets at beginning of year</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,152 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,244 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,575 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net incorporation of companies into the Group</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(41)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Expected return on plan assets</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">498 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">320 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">225 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Benefits paid</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(434)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(487)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(463)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Contributions</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">225 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">262 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">285 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Actuarial gains/(losses)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(406)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6,517)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">541 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other items</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">214 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(670)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,081 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value of plan assets at end of year</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,208</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,152</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17,244</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The changes in the fair value of the plan assets were as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:61.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.248%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Fair value of plan assets at beginning of year</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,321 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,167 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,182 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Incorporation of Group companies, net</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Expected return on plan assets</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">588 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">570 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">411 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Benefits paid</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(644)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(766)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(478)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Contributions</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">124 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">198 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">152 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Actuarial gains/(losses)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">110 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(498)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(155)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other items</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">304 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">650 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">61 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value of plan assets at end of year</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,787</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,321</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,167</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>
CY2023	ifrs-full	Payments In Respect Of Settlements Net Defined Benefit Liability Asset PaymentsInRespectOfSettlementsNetDefinedBenefitLiabilityAsset	2000000	eur
CY2022	ifrs-full	Payments In Respect Of Settlements Net Defined Benefit Liability Asset PaymentsInRespectOfSettlementsNetDefinedBenefitLiabilityAsset	179000000	eur
CY2021	ifrs-full	Payments In Respect Of Settlements Net Defined Benefit Liability Asset PaymentsInRespectOfSettlementsNetDefinedBenefitLiabilityAsset	0	eur
CY2023	ifrs-full	Disclosure Of Other Provisions Contingent Liabilities And Contingent Assets Explanatory DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory	<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The detail, by geographical area, of Provisions for taxes and other legal contingencies and Other provisions is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:61.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.248%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Recognised by Spanish companies</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,921 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,768 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,595 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Recognised by other EU companies</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">433 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">328 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">779 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Recognised by other companies</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,280 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,977 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,049 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,618 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,243 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,339 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,634</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,073</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,423</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The types of provision were determined by grouping together items of a similar nature:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:61.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.248%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions for taxes</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">745 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">679 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">564 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions for employment-related proceedings (Brazil)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">611 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">301 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">328 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions for other legal proceedings</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,359 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,094 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,104 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provision for customer remediation</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">454 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">349 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">745 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provision for restructuring</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">596 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">641 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">749 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">869 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,009 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">933 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,634</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,073</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,423</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>
CY2022Q2	san	Number Of Pilot Cases NumberOfPilotCases	5	appeal
CY2022Q2	san	Number Of Judgements Rendered On Pilot Cases Appealed NumberOfJudgementsRenderedOnPilotCasesAppealed	4	judgement
CY2022Q4	san	Number Of Ruling Requested By Supreme Court NumberOfRulingRequestedBySupremeCourt	3	preliminaryruling
CY2023Q2	san	Number Of Ruling Requested By First Instance Court3 Of Santa Coloma De Farners NumberOfRulingRequestedByFirstInstanceCourt3OfSantaColomaDeFarners	3	preliminaryruling
CY2023Q4	san	Number Of Ruling Requested By Supreme Court NumberOfRulingRequestedBySupremeCourt	2	preliminaryruling
CY2023	ifrs-full	Disclosure Of Other Liabilities Explanatory DisclosureOfOtherLiabilitiesExplanatory	Other liabilities<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The detail of Other liabilities in the consolidated balance sheets is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:59.085%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.171%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.171%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.173%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transactions in transit</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">767 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">457 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">545 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Accrued expenses and deferred income</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,136 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,445 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,084 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,695 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,707 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,069 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17,598</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,609</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,698</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>
CY2023Q4	ifrs-full	Other Payables OtherPayables	767000000	eur
CY2022Q4	ifrs-full	Other Payables OtherPayables	457000000	eur
CY2021Q4	ifrs-full	Other Payables OtherPayables	545000000	eur
CY2023Q4	san	Accrued Expenses And Deferred Income AccruedExpensesAndDeferredIncome	9136000000	eur
CY2022Q4	san	Accrued Expenses And Deferred Income AccruedExpensesAndDeferredIncome	8445000000	eur
CY2021Q4	san	Accrued Expenses And Deferred Income AccruedExpensesAndDeferredIncome	7084000000	eur
CY2023Q4	san	Other Miscellaneous Liabilities OtherMiscellaneousLiabilities	7695000000	eur
CY2022Q4	san	Other Miscellaneous Liabilities OtherMiscellaneousLiabilities	5707000000	eur
CY2021Q4	san	Other Miscellaneous Liabilities OtherMiscellaneousLiabilities	5069000000	eur
CY2023Q4	ifrs-full	Other Liabilities OtherLiabilities	17598000000	eur
CY2022Q4	ifrs-full	Other Liabilities OtherLiabilities	14609000000	eur
CY2021Q4	ifrs-full	Other Liabilities OtherLiabilities	12698000000	eur
CY2023	ifrs-full	Disclosure Of Income Tax Explanatory DisclosureOfIncomeTaxExplanatory	Tax matters<div style="margin-bottom:6pt;margin-top:9pt"><span id="if2dc4e3b723242ada73845c478e0c48c"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:120%">a) Consolidated Tax Group</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Pursuant to current legislation, the Consolidated Tax Group includes Banco Santander, S.A. (as the parent) and the Spanish subsidiaries that meet the requirements provided for in Spanish legislation regulating the taxation of the consolidated profits of corporate groups (as the controlled entities). </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The other Group companies file income tax returns in accordance with the tax regulations applicable to them.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="ie40800d14b634d3eb16214024c91f862"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:130%">b) Years open for review by the tax authorities </span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">In January 2024 Spanish tax authorities formalized acts with agreement, conformity and non-conformity relating to the corporate income tax financial years 2017 to 2019. </span></div><div><span><br/></span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The adjustments signed in conformity and with agreement had not impact on results and, in relation to the concepts signed in disconformity both for these years and for previous years (corporate income tax 2003 to 2015), Banco Santander, S.A., as the Parent of the Consolidated Tax Group, considers, in accordance with the advice of its external lawyers, that the adjustments made should not have a significant impact on the consolidated financial statements, as there are sound arguments as proof in the appeals filed against them pending at the National Appellate Court (tax years 2003 to 2011) and at the Central Economic Administrative Court (tax years 2012-2015), as well as in the acts that are still pending review by Spanish tax authorities. Consequently, no provision has been recorded for this concept. It should also be noted that, in those cases where it has been considered appropriate, the mechanisms available to avoid international double taxation have been used. </span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">At the date of approval of these consolidated annual accounts subsequent years up to and including 2023, are subject to review.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The other entities have the corresponding years open for review, pursuant to their respective tax regulations.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Because of the possible different interpretations which can be made of the tax regulations, the outcome of the tax audits of the rest of years subject to review might give rise to contingent tax liabilities which cannot be objectively quantified. However, the Group’s tax advisers consider that it is unlikely that such tax liabilities will materialize, and that in any event the tax charge arising therefrom would not materially affect the Group’s consolidated financial statements.</span></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div id="i9eb5d9210380444185d9e3754023e0fb_871"></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i0c848f69faa54bd09acbc558cadf2a61"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%"><br/>c) Reconciliation</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The reconciliation of the income tax expense calculated at the tax rate applicable in Spain (30%) to the income tax expense recognised and the detail of the effective tax rate are as follows:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:51.677%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.643%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Consolidated profit (loss) before tax:</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From continuing operations</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,459</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,250 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,547 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From discontinued operations</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,459</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,250 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,547 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Income tax at tax rate applicable in Spain (30%)</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,938</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,575 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,364 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">By the effect of application of the various tax rates applicable in each country</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(100)</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">61 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">210 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 29.34pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Brazil</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">198</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">472 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">634 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(51)</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(161)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(158)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">United States</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(28)</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(99)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(179)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Chile</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(28)</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(30)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(34)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Poland</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(164)</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(101)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Effect of profit or loss of associates and joint ventures</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(184)</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(210)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(130)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">USA electric vehicle leasing incentives</span></td><td colspan="3" style="background-color:#edf5f8;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(259)</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Effect of reassessment of deferred taxes</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Permanent differences<br/>and other </span></div></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(119)</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">60 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">441 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#424242;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Current income tax</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,276</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,486</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,894</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Effective tax rate</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25.98%</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29.42 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33.64 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 29.34pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Continuing operations</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,276</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,486 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,894 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Current taxes</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,568</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,272 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,799 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Deferred taxes</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,292)</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">214 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,095 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Income tax (receipts)/payments</span></td><td colspan="3" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,214</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,498 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,012 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Calculated by applying the difference between the tax rate applicable in Spain and the tax rate applicable in each jurisdiction to the profit or loss contributed to the Group by the entities which operate in each jurisdiction.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:9pt"><span id="iadc67125cfee4fc4a26ca47c509e5a61"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">d) Tax recognised in equity</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In addition to the income tax recognised in the consolidated income statement, the Group recognised the following amounts in consolidated equity in 2023, 2022 and 2021:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:57.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.791%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other comprehensive income</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Items not reclassified to profit or loss</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">358</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">49</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(510)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Actuarial gains or (-) losses on defined benefit pension plans</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">302 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">96 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(530)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of equity instruments measured at fair value through other comprehensive income</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(19)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities at fair value with changes in results attributable to changes in credit risk</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(26)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other recognised income and expense of investments in subsidiaries, joint ventures and associates</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Items that may be reclassified to profit or loss</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(919)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,522</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,136</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash flow hedges</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(732)</span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">912 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">278 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of debt instruments through other comprehensive income</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(214)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">661 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">857 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other recognised income and expense of investments in subsidiaries, joint ventures and associates</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(51)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(561)</span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,571</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">626</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i1f971c170ebc448eac23c9e2b28fce39"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">e) Deferred taxes</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">'Tax assets' in the consolidated balance sheets includes debit balances with the Public Treasury relating to deferred tax assets. 'Tax liabilities' includes the liability for the Group’s various deferred tax liabilities.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In accordance with EU Regulation 575/2013 on prudential requirements for credit institutions and investment firms (CRR), and subsequently amended by EU Regulation 2019/876 of the European Parliament and of the Council, deferred tax assets that do not rely on future profitability arising from temporary differences (referred to hereinafter as 'monetizable deferred tax assets’) meeting certain conditions, should not be deducted from regulatory capital and should not be risk-weighted at 250% according to the thresholds set out in Article 48 of the said Regulation, but shall apply a risk weight of 100% under Article 39.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The detail of deferred tax assets, by classification as monetizable or non-monetizable assets, and of deferred tax liabilities at 31 December 2023, 2022 and 2021 is as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.468%"><tr><td style="width:1.0%"></td><td style="width:27.887%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.783%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.176%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.783%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.176%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.783%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.180%"></td><td style="width:0.1%"></td></tr><tr><td colspan="27" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span id="i82c295f9fe304e7aa2834b67367f11ef"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Monetizable</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span id="id1235e8fab22460c9afbfa29d145eccf"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Monetizable</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span id="id1abbb9396ee49f5a5eeb5600b8d0e1c"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Monetizable</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Tax assets</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,099</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,668</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,660</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,127</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,473</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,967</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax losses and tax credits</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,393 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,778 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,249 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Temporary differences</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,099 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,275 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,660 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,349 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,473 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,718 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Non-deductible provisions</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,965 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,182 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,256 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Valuation of financial instruments</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,543 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,535 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">600 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Loan losses</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,248 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,577 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,696 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,232 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,888 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">988 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Pensions</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,851 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">665 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,964 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">560 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,585 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">669 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Valuation of tangible and intangible assets</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,060 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,270 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,509 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Tax liabilities</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,086</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,428</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,462</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Temporary differences</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,086 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,428 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,462 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Valuation of financial instruments</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,059 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,792 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,419 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Valuation of tangible and intangible assets</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,594 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,169 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,081 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Investments in Group companies</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">378 </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">359 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">337 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:112%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:112%;padding-left:4.71pt">In 2023, the Spanish Economic Administrative Court ruled that in 2017 the requirements for the conversion of part of the monetizable assets of Popular Group into a credit against the Tax Administration were met, allowing the conversion to 995 million euros. This amount has been paid to Banco Santander, without impact on results. The favorable Economic Administrative Court decision has been declared harmful to the public interests and challenged at the National Appellate Court by the Tax Administration. The estimation of this appeal would imply that Grupo Santander should repay the amount refunded and would, once again, credit these monetizable assets with no impact on results except for late payment interests. However, it is considered that there are strong defense arguments in relation to this appeal.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander only recognises deferred tax assets for temporary differences or tax loss and tax credit carryforwards where it is considered probable that consolidated entities that generated them will have sufficient future taxable profits against which they can be utilised.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The deferred tax assets and liabilities are reassessed at the reporting date in order to ascertain whether any adjustments need to be made on the basis of the findings of the analyses performed.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">These analyses take into consideration all evidence, both positive and negative, of the recoverability of such deferred tax assets, among which we can find, (i) the results generated by the different entities in previous years, (ii) the projections of results of each entity or fiscal group, (iii) the estimation of the reversal of the different temporary differences according to their nature and (iv) the period and limits established under the applicable legislation of each country for the recovery of the different deferred tax assets, thus concluding on the ability of each entity or fiscal group to recover the deferred tax assets registered.</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The projections of results used in this analysis are based on the financial planning approved by both the local directions of the corresponding units and by the Group's directors. The Group's budget estimation process is common for all units. The Group's management prepares its financial planning based on the following key assumptions: </span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">a)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:3.98pt">Microeconomic variables of the entities that make up the fiscal group in each location: the existing balance structure, the mix of products offered and the commercial strategy at each moment defined by local directions are taken into account, based on the competition, regulatory and market environment.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">b)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:3.66pt">Macroeconomic variables: estimated growths are based on the evolution of the economic environment considering the expected evolution in the gross domestic product of each location, and the forecasts of interest rates, inflation and exchange rates fluctuations. These data are provided by the Group’s Studies Service, based on external sources of information. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Additionally, the Group performs retrospective contrasts (backtesting) on the variables projected in the past. The differential behaviour of these variables with respect to the real market data is considered in the projections estimated in each fiscal year. Thus, and in relation to Spain, the deviations identified by the Directors in recent past years are due to non-recurring events outside the operation of the business, such as the impacts due to the first application of new regulations, the costs assumed for the acceleration of the restructuring plans and the changing effect of the current macroeconomic environment. </span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Finally, and given the degree of uncertainty of these assumptions on the referred variables, the Group conducts a sensitivity analysis of the most significant assumptions considered in the deferred tax assets’ recoverability analysis, considering any reasonable change in the key assumptions on which the projections of results of each entity or fiscal group and the estimation of the reversal of the different temporary differences are based.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In relation to Spain, the sensitivity analysis has consisted of making reasonable changes to the key assumptions, mainly by adjusting 50 basis points for growth (gross domestic product) and adjusting 50 basis points for inflation. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Relevant information is set forth below for the main countries which have recognised deferred tax assets:</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i150c10e8deb046fa85f84aab8705a9c7"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">Spain</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The deferred tax assets recognised at the Consolidated Tax Group total EUR 8,125 million, of which EUR 5,670 million were for monetizable temporary differences with the right to conversion into a credit against the tax administration, EUR 1,774 million for other temporary differences and EUR 681 million for tax losses and credits.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ic1c6e72db620491c9f771696f875670b"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">Brazil</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The deferred tax assets recognised in Brazil total EUR 7,896 million, of which EUR 5,328 million were for monetizable temporary differences, EUR 1,507 million for other temporary differences and EUR 1,061 million for tax losses and credits.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i00014703d8934c769c9d4028d43fe102"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">Mexico</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The deferred tax assets recognized in Mexico total EUR 1,456 million, which are temporary differences.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i162fbd72750b4a0c8b87b2402163c5f9"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">United States</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The deferred tax assets recognised in the United States total EUR 932 million, of which EUR 423 million were for temporary differences and EUR 509 million for tax losses and credits. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The Group estimates that the recognised deferred tax assets for temporary differences, tax losses and credits in the different jurisdictions could be recovered in a maximum period of 15 years.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The changes in Tax assets - Deferred and Tax liabilities - Deferred in the last three years were as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:30.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.492%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.607%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balances at 31 December 2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(Charge)/Credit to income</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Foreign currency balance translation differences and other items</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(Charge)/Credit to asset and liability valuation adjustments</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Acquisition for the year (net)</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balances at 31 December 2023</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Deferred tax assets</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">20,787</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">629</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(130)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(422)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(97)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">20,767</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax losses and tax credits</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,778 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">392 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">224 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,393 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Temporary differences</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,009 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">237 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(354)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(422)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(96)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,374 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which monetizable</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10,660 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,232 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(787)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(6)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11,099 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Deferred tax liabilities</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(6,428)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">663</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(338)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(6,086)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Temporary differences</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6,428)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">663 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(338)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6,086)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,359</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,292</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(127)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(760)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(83)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,681</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:30.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.492%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.607%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at 31 December 2021</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(Charge)/Credit to income</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Foreign currency balance translation differences and other items</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(Charge)/Credit to asset and liability valuation adjustments</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Acquisition for the year (net)</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at 31 December 2022</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Deferred tax assets</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19,440</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">273</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">376</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">697</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">20,787</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax losses and tax credits</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,250 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">211 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">317 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,778 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Temporary differences</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,190 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">59 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">697 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,009 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which monetizable</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10,473 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">507 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(320)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10,660 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Deferred tax liabilities</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(6,462)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(487)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(149)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">684</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(14)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(6,428)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Temporary differences</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6,462)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(487)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(149)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">684 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6,428)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,978</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(214)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">227</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,381</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(13)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,359</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:30.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.492%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.607%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balances at 31 December 2020</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(Charge)/Credit to income</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Foreign currency balance translation differences and other items</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(Charge)/Credit to asset and liability valuation adjustments</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Acquisition for the year (net)</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at 31 December 2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Deferred tax assets</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19,246</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(209)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">193</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">209</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19,440</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax losses and tax credits</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,093 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">129 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,250 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Temporary differences</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,153 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(338)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">165 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">209 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,190 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which monetizable</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10,721 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(273)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">25 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10,473 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Deferred tax liabilities</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(5,933)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(886)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(170)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">528</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(6,462)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Temporary differences</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,933)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(886)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(170)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">528 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6,462)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,313</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,095)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">23</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">737</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,978</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Also, the Group did not recognise deferred tax assets amounting to approximately EUR 11,788 million of which EUR 7,228 million relate to tax losses, EUR 3,648 million to tax credits, and EUR 912 million to other concepts.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:9pt"><span id="i83983b432af74af3829170d98694bfa6"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">f) Global Minimum Tax Pillar Two</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:112%">In the European Union, in December 2022, was adopted Council Directive 2022/2523 on ensuring an overall minimum level of taxation for multinational enterprise groups and large domestic groups in the EU, that had to be transposed by 31 December 2023, entering into force the new minimum taxation on 1 January 2024. The Directive implements at EU level the Pillar Two rules of the OECD's Inclusive Framework on base erosion and profit shifting. Pillar Two applies to multinational groups with a turnover of more than EUR 750 million and entails a minimum tax of 15% calculated on adjusted accounting profit on a jurisdiction-by-jurisdiction basis. In 2023, the OECD has completed these rules by approving administrative guidance and a report on safe harbours in order to simplify their application.</span></div><div style="text-align:justify"><span><br/></span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In Spain, on 19 December 2023 the preliminary draft law transposing the European Directive establishing a minimum overall tax level of 15% for multinational companies and large domestic groups was published. Once approved, the law will enter into force on 1 January 2024. Pillar Two legislation has also been enacted or is in the process of being enacted in the United Kingdom and in most EU Member States. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The Group is in scope of this legislation and has performed an assessment of its potential exposure to Pillar Two income taxes taking into consideration the transitory safe harbours. Once the legislation is approved in Spain, Banco Santander S.A. will be the ultimate parent entity liable to pay the additional tax due for those subsidiaries located in jurisdictions below the minimum effective tax rate of 15%. Group entities will also be subject to tax in those countries where a domestic global minimum tax is approved according to the Pillar Two rules.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The assessment of the potential exposure to Pillar Two income taxes is based on the most recent tax filings, country-by-country reporting and financial statements for the Group entities. Based on this assessment, the Pillar Two effective tax rates in most of the jurisdictions in which the Group operates are above 15%. Consequently, the Group does not estimate a significant impact derived from this new regulation, without prejudice to the relevant administrative burdens that will entail its implementation.</span></div><div style="margin-bottom:6pt;text-align:justify"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:6pt;margin-top:9pt;text-align:justify"><span id="i18bdb703488b4f0c83f2c468cc560cac"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:112%">g) Tax reforms </span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:115%">The following significant tax reforms were approved in 2023 and previous years:</span></div><div><span><br/></span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In Spain, in 2020 the General State Budget Law for 2021 established, among other tax measures, the non deductibility in Corporation Tax of management fees on participations whose dividends or capital gains are exempt, determining the amount of these expenses as a 5% of the dividends or capital gains. In 2021 the General State Budget Law for 2022 established a minimum effective tax rate of 15% (18% for financial entities) on corporate income tax base. In 2022, Law 38/2022 established a new temporary levy on credit institutions and financial credit institutions for fiscal years 2023 and 2024. The levy is calculated as 4.8% of net interest and fees earned in the business carried out in Spain in the precedent year and the payment obligation arises on the first day of each period. Accordingly, this new levy was recorded in January 2023 for an amount of 224 million euros that has been paid during 2023. In January 2024, an estimated amount of 335 million euros has been registered for this concept. Additionally, this law also established a 50% limitation on the integration of negative individual taxable bases into the consolidated tax group’s tax base. This limitation has been in force only in 2023, with a 10 year deadline for the reversal of this positive adjustment.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In December 2023, Royal Decree-Law 8/2023, was approved, which foresees the revision of the configuration of the temporary levy on credit institutions and financial credit institutions during the financial year 2024 for its inclusion into the tax system and its agreement with the Basque Country and Navarre.</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:112%">In the United Kingdom, the Budget Act for 2021 increased the main Corporation Tax rate from 19% to 25% with effect from 1 April 2023. In addition, and also with effect from 1 April 2023, the Bank Surcharge tax rate was reduced from 8% to 3%, so the corporate tax rate for banks is set at 28%. </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:112%">In Brazil, Provisional Measure 1.115/2022 and the subsequent Law 14,446, established a temporary increase from 31 August 2022 to 31 December 2022 in 2022 in the rate of contribution on net income (CSLL) of banks from 20% to 21% and for other financial institutions, from 15% to 16%. In addition, Law 14,467/2022, with effect from 2025, amends the rules on the tax deductibility of credit provisions in financial institutions, bringing those rules closer to the accounting recognition criterion. In the tax on financial operations (IOF) in 2021, the applicable rate was 0,38% for credit transactions, increasing temporally to 2.04% for legal persons and to 4.08% for natural persons. Decree 10.997/2022 established the reduction to 0% of the IOF applicable to foreign financing and lending transactions, and a gradual reduction in the rates applicable to foreign exchange transactions until their reduction to 0% as from 2 January 2029.</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:112%"> </span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In December 2023, Congress approved Constitutional Amendment 132/2023 on indirect taxation reform. This reform replaces the various existing indirect taxes in Brazil, (applicable at the federal, regional and municipal levels), with two taxes administered at federal level (contribution on goods and services and selective tax) and other administered at the regional and municipal levels (tax on goods and services). The reform will be implemented through Complementary Laws to be approved during 2024. The new system will be gradually implemented over a transitional period of 8 years (from 2026 to 2033). </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In Argentina, Law n.º 27630 (National Bulletin of 16 June 2021) amended, with retroactive effect to 1 January 2021, the rate applicable to the corporate income tax, establishing a progressive rate scale which for Banco Santander Argentina S.A. represents an increase from 30% to 35%. In addition, the 7% withholding on dividend distribution was maintained (however, the distribution of pre-2018 reserves is not subject to withholding tax). In addition, during the first quarter of the year 2021, there was an increase in the tax on gross income to financial institutions in both, the City of Buenos Aires (from 7% to 8%) and the Province of Buenos Aires (from 7% to 9%) and also reducing certain exemptions. Finally, since 2019, different laws on the adjustment for tax inflation have been approved in order to partially defer the adjustment.</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:112%">In the United States, during 2022, the Inflation Reduction Act (IRA) was approved, which, among other measures, imposed a minimum taxation on the accounting performance of certain large companies, through the introduction of a new Alternative Minimum Tax (AMT) as of 2023, as well as relevant tax credits related with investments in clean energies.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:112%">In Chile, Law n.º 21,210 on modernization of Chilean tax law was enacted in 2020. It includes several modifications to different tax laws in force in Chile. Among the aspects included, it is worth highlighting the substitute tax that on a temporary basis until 30 April 2022 allows taxing at 30% (instead of the generally applicable 35%) with a credit of the first category tax paid, the tax profits generated up to the 31 December 2016, reducing the fiscal cost of its distribution and other measures about asset depreciation and indirect taxes. </span></div><div style="margin-bottom:6pt;margin-top:9pt;text-align:justify"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:6pt;margin-top:9pt;text-align:justify"><span id="ife47d0b6c36b4c8c8b2fc70376c0b0c8"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:112%">h) Other information</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In compliance with the disclosure requirement established in the listing rules instrument 2005 published by the UK Financial Conduct Authority, it is hereby stated that shareholders of the Bank resident in the United Kingdom will be entitled to a tax credit for taxes paid abroad in respect of withholdings that the Bank has to pay on the dividends to be paid to such shareholders if the total income of the dividend exceeds the amount of exempt dividends of GBP 1,000 for the year 2023/24 (GBP 2,000 for the year 2022/2023). The shareholders of the Bank resident in the United Kingdom who hold their ownership interest in the Bank through Santander Nominee Service will be informed directly of the amount thus withheld and of any other data they may require to complete their tax returns in the United Kingdom. The other shareholders of the Bank resident in the United Kingdom should contact their bank or securities broker.</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">On 18 January 2024, the Spanish Constitutional Court annulled the mandatory reversal of impairment losses that were deducted in previous years and the application of additional limits on the offsetting of tax losses and double taxation deductions introduced in the corporate income tax Law by Royal Decree-Law 3/2016. The application of the Court resolution to previous tax years will not have an impact on results, and the impact on the corporate income tax return that will be filled in 2024 is not expected to be relevant.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Banco Santander, S.A., is part of the Large Business Forum and has adhered since 2010 to the Code of Good Tax Practices in Spain. Also Santander UK is a member of the HMRC’s (His Majesty's Revenue and Customs) Code of Practice on Taxation in the United Kingdom and Santander Portugal has adhered to the Code of Good Tax Practices in Portugal, actively participating in the cooperative compliance programs being developed by these Tax Administrations.</span></div></div></div>
CY2022	ifrs-full	Applicable Tax Rate ApplicableTaxRate	0.30
CY2021	ifrs-full	Applicable Tax Rate ApplicableTaxRate	0.30
CY2023	ifrs-full	Applicable Tax Rate ApplicableTaxRate	0.30
CY2023	san	Profit Loss Before Tax From Continuing Operations ProfitLossBeforeTaxFromContinuingOperations	16459000000	eur
CY2022	san	Profit Loss Before Tax From Continuing Operations ProfitLossBeforeTaxFromContinuingOperations	15250000000	eur
CY2021	san	Profit Loss Before Tax From Continuing Operations ProfitLossBeforeTaxFromContinuingOperations	14547000000	eur
CY2023	san	Profit Loss Before Tax From Discontinued Operations ProfitLossBeforeTaxFromDiscontinuedOperations	0	eur
CY2022	san	Profit Loss Before Tax From Discontinued Operations ProfitLossBeforeTaxFromDiscontinuedOperations	0	eur
CY2021	san	Profit Loss Before Tax From Discontinued Operations ProfitLossBeforeTaxFromDiscontinuedOperations	0	eur
CY2023	ifrs-full	Profit Loss Before Tax ProfitLossBeforeTax	16459000000	eur
CY2022	ifrs-full	Profit Loss Before Tax ProfitLossBeforeTax	15250000000	eur
CY2021	ifrs-full	Profit Loss Before Tax ProfitLossBeforeTax	14547000000	eur
CY2023	ifrs-full	Tax Expense Income At Applicable Tax Rate TaxExpenseIncomeAtApplicableTaxRate	4938000000	eur
CY2022	ifrs-full	Tax Expense Income At Applicable Tax Rate TaxExpenseIncomeAtApplicableTaxRate	4575000000	eur
CY2021	ifrs-full	Tax Expense Income At Applicable Tax Rate TaxExpenseIncomeAtApplicableTaxRate	4364000000	eur
CY2023	ifrs-full	Tax Effect Of Foreign Tax Rates TaxEffectOfForeignTaxRates	-100000000	eur
CY2022	ifrs-full	Tax Effect Of Foreign Tax Rates TaxEffectOfForeignTaxRates	61000000	eur
CY2021	ifrs-full	Tax Effect Of Foreign Tax Rates TaxEffectOfForeignTaxRates	210000000	eur
CY2023	san	Tax Effect Of Profit Loss Of Associates And Joint Ventures TaxEffectOfProfitLossOfAssociatesAndJointVentures	-184000000	eur
CY2022	san	Tax Effect Of Profit Loss Of Associates And Joint Ventures TaxEffectOfProfitLossOfAssociatesAndJointVentures	-210000000	eur
CY2021	san	Tax Effect Of Profit Loss Of Associates And Joint Ventures TaxEffectOfProfitLossOfAssociatesAndJointVentures	-130000000	eur
CY2023	san	Tax Effect Of Usa Electric Vehicle Leasing Incentives TaxEffectOfUSAElectricVehicleLeasingIncentives	-259000000	eur
CY2022	san	Tax Effect Of Usa Electric Vehicle Leasing Incentives TaxEffectOfUSAElectricVehicleLeasingIncentives	0	eur
CY2021	san	Tax Effect Of Usa Electric Vehicle Leasing Incentives TaxEffectOfUSAElectricVehicleLeasingIncentives	0	eur
CY2023	san	Tax Effect Of Remeasurement Of Deferred Tax TaxEffectOfRemeasurementOfDeferredTax	0	eur
CY2022	san	Tax Effect Of Remeasurement Of Deferred Tax TaxEffectOfRemeasurementOfDeferredTax	0	eur
CY2021	san	Tax Effect Of Remeasurement Of Deferred Tax TaxEffectOfRemeasurementOfDeferredTax	9000000	eur
CY2023	san	Tax Effect Of Expense Not Deductible And Other In Determining Taxable Profit Tax Loss TaxEffectOfExpenseNotDeductibleAndOtherInDeterminingTaxableProfitTaxLoss	-119000000	eur
CY2022	san	Tax Effect Of Expense Not Deductible And Other In Determining Taxable Profit Tax Loss TaxEffectOfExpenseNotDeductibleAndOtherInDeterminingTaxableProfitTaxLoss	60000000	eur
CY2021	san	Tax Effect Of Expense Not Deductible And Other In Determining Taxable Profit Tax Loss TaxEffectOfExpenseNotDeductibleAndOtherInDeterminingTaxableProfitTaxLoss	441000000	eur
CY2023	ifrs-full	Income Tax Expense Continuing Operations IncomeTaxExpenseContinuingOperations	4276000000	eur
CY2022	ifrs-full	Income Tax Expense Continuing Operations IncomeTaxExpenseContinuingOperations	4486000000	eur
CY2021	ifrs-full	Income Tax Expense Continuing Operations IncomeTaxExpenseContinuingOperations	4894000000	eur
CY2023	ifrs-full	Average Effective Tax Rate AverageEffectiveTaxRate	0.2598
CY2022	ifrs-full	Average Effective Tax Rate AverageEffectiveTaxRate	0.2942
CY2021	ifrs-full	Average Effective Tax Rate AverageEffectiveTaxRate	0.3364
CY2023	san	Tax Expense Income Relating To Profit Loss From Ordinary Activities Of Continuing Operations TaxExpenseIncomeRelatingToProfitLossFromOrdinaryActivitiesOfContinuingOperations	4276000000	eur
CY2022	san	Tax Expense Income Relating To Profit Loss From Ordinary Activities Of Continuing Operations TaxExpenseIncomeRelatingToProfitLossFromOrdinaryActivitiesOfContinuingOperations	4486000000	eur
CY2021	san	Tax Expense Income Relating To Profit Loss From Ordinary Activities Of Continuing Operations TaxExpenseIncomeRelatingToProfitLossFromOrdinaryActivitiesOfContinuingOperations	4894000000	eur
CY2023	ifrs-full	Current Tax Expense Income And Adjustments For Current Tax Of Prior Periods CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriods	5568000000	eur
CY2022	ifrs-full	Current Tax Expense Income And Adjustments For Current Tax Of Prior Periods CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriods	4272000000	eur
CY2021	ifrs-full	Current Tax Expense Income And Adjustments For Current Tax Of Prior Periods CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriods	3799000000	eur
CY2023	ifrs-full	Deferred Tax Expense Income Recognised In Profit Or Loss DeferredTaxExpenseIncomeRecognisedInProfitOrLoss	1292000000	eur
CY2022	ifrs-full	Deferred Tax Expense Income Recognised In Profit Or Loss DeferredTaxExpenseIncomeRecognisedInProfitOrLoss	-214000000	eur
CY2021	ifrs-full	Deferred Tax Expense Income Recognised In Profit Or Loss DeferredTaxExpenseIncomeRecognisedInProfitOrLoss	-1095000000	eur
CY2023	ifrs-full	Income Taxes Paid Refund Classified As Operating Activities IncomeTaxesPaidRefundClassifiedAsOperatingActivities	5214000000	eur
CY2022	ifrs-full	Income Taxes Paid Refund Classified As Operating Activities IncomeTaxesPaidRefundClassifiedAsOperatingActivities	5498000000	eur
CY2021	ifrs-full	Income Taxes Paid Refund Classified As Operating Activities IncomeTaxesPaidRefundClassifiedAsOperatingActivities	4012000000	eur
CY2023	san	Income Tax Relating To Components Of Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss Including Share Of Oci Of Associates And Joint Ventures IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossIncludingShareOfOciOfAssociatesAndJointVentures	358000000	eur
CY2022	san	Income Tax Relating To Components Of Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss Including Share Of Oci Of Associates And Joint Ventures IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossIncludingShareOfOciOfAssociatesAndJointVentures	49000000	eur
CY2021	san	Income Tax Relating To Components Of Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss Including Share Of Oci Of Associates And Joint Ventures IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossIncludingShareOfOciOfAssociatesAndJointVentures	-510000000	eur
CY2023	ifrs-full	Income Tax Relating To Remeasurements Of Defined Benefit Plans Of Other Comprehensive Income IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome	302000000	eur
CY2022	ifrs-full	Income Tax Relating To Remeasurements Of Defined Benefit Plans Of Other Comprehensive Income IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome	96000000	eur
CY2021	ifrs-full	Income Tax Relating To Remeasurements Of Defined Benefit Plans Of Other Comprehensive Income IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome	-530000000	eur
CY2023	ifrs-full	Income Tax Relating To Hedges Of Investments In Equity Instruments Of Other Comprehensive Income IncomeTaxRelatingToHedgesOfInvestmentsInEquityInstrumentsOfOtherComprehensiveIncome	20000000	eur
CY2022	ifrs-full	Income Tax Relating To Hedges Of Investments In Equity Instruments Of Other Comprehensive Income IncomeTaxRelatingToHedgesOfInvestmentsInEquityInstrumentsOfOtherComprehensiveIncome	-19000000	eur
CY2021	ifrs-full	Income Tax Relating To Hedges Of Investments In Equity Instruments Of Other Comprehensive Income IncomeTaxRelatingToHedgesOfInvestmentsInEquityInstrumentsOfOtherComprehensiveIncome	-13000000	eur
CY2023	ifrs-full	Income Tax Relating To Changes In Fair Value Of Financial Liability Attributable To Change In Credit Risk Of Liability Of Other Comprehensive Income IncomeTaxRelatingToChangesInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiabilityOfOtherComprehensiveIncome	36000000	eur
CY2022	ifrs-full	Income Tax Relating To Changes In Fair Value Of Financial Liability Attributable To Change In Credit Risk Of Liability Of Other Comprehensive Income IncomeTaxRelatingToChangesInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiabilityOfOtherComprehensiveIncome	-26000000	eur
CY2021	ifrs-full	Income Tax Relating To Changes In Fair Value Of Financial Liability Attributable To Change In Credit Risk Of Liability Of Other Comprehensive Income IncomeTaxRelatingToChangesInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiabilityOfOtherComprehensiveIncome	33000000	eur
CY2023	ifrs-full	Income Tax Relating To Share Of Other Comprehensive Income Of Associates And Joint Ventures Accounted For Using Equity Method That Will Not Be Reclassified To Profit Or Loss IncomeTaxRelatingToShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLoss	0	eur
CY2022	ifrs-full	Income Tax Relating To Share Of Other Comprehensive Income Of Associates And Joint Ventures Accounted For Using Equity Method That Will Not Be Reclassified To Profit Or Loss IncomeTaxRelatingToShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLoss	-2000000	eur
CY2021	ifrs-full	Income Tax Relating To Share Of Other Comprehensive Income Of Associates And Joint Ventures Accounted For Using Equity Method That Will Not Be Reclassified To Profit Or Loss IncomeTaxRelatingToShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLoss	0	eur
CY2023	san	Income Tax Relating To Components Of Other Comprehensive Income That Will Be Reclassified To Profit Or Loss Including Share Of Oci Of Associates And Joint Ventures IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossIncludingShareOfOciOfAssociatesAndJointVentures	-919000000	eur
CY2022	san	Income Tax Relating To Components Of Other Comprehensive Income That Will Be Reclassified To Profit Or Loss Including Share Of Oci Of Associates And Joint Ventures IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossIncludingShareOfOciOfAssociatesAndJointVentures	1522000000	eur
CY2021	san	Income Tax Relating To Components Of Other Comprehensive Income That Will Be Reclassified To Profit Or Loss Including Share Of Oci Of Associates And Joint Ventures IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossIncludingShareOfOciOfAssociatesAndJointVentures	1136000000	eur
CY2023	ifrs-full	Income Tax Relating To Cash Flow Hedges Of Other Comprehensive Income IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome	-732000000	eur
CY2022	ifrs-full	Income Tax Relating To Cash Flow Hedges Of Other Comprehensive Income IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome	912000000	eur
CY2021	ifrs-full	Income Tax Relating To Cash Flow Hedges Of Other Comprehensive Income IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome	278000000	eur
CY2023	ifrs-full	Income Tax Relating To Financial Assets Measured At Fair Value Through Other Comprehensive Income IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome	-214000000	eur
CY2022	ifrs-full	Income Tax Relating To Financial Assets Measured At Fair Value Through Other Comprehensive Income IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome	661000000	eur
CY2021	ifrs-full	Income Tax Relating To Financial Assets Measured At Fair Value Through Other Comprehensive Income IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome	857000000	eur
CY2023	ifrs-full	Income Tax Relating To Share Of Other Comprehensive Income Of Associates And Joint Ventures Accounted For Using Equity Method That Will Be Reclassified To Profit Or Loss IncomeTaxRelatingToShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLoss	27000000	eur
CY2022	ifrs-full	Income Tax Relating To Share Of Other Comprehensive Income Of Associates And Joint Ventures Accounted For Using Equity Method That Will Be Reclassified To Profit Or Loss IncomeTaxRelatingToShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLoss	-51000000	eur
CY2021	ifrs-full	Income Tax Relating To Share Of Other Comprehensive Income Of Associates And Joint Ventures Accounted For Using Equity Method That Will Be Reclassified To Profit Or Loss IncomeTaxRelatingToShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLoss	1000000	eur
CY2023	ifrs-full	Income Tax Relating To Components Of Other Comprehensive Income IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome	-561000000	eur
CY2022	ifrs-full	Income Tax Relating To Components Of Other Comprehensive Income IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome	1571000000	eur
CY2021	ifrs-full	Income Tax Relating To Components Of Other Comprehensive Income IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome	626000000	eur
CY2023	ifrs-full	Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits Explanatory DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsExplanatory	<div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The detail of deferred tax assets, by classification as monetizable or non-monetizable assets, and of deferred tax liabilities at 31 December 2023, 2022 and 2021 is as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.468%"><tr><td style="width:1.0%"></td><td style="width:27.887%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.783%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.176%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.783%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.176%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.783%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.180%"></td><td style="width:0.1%"></td></tr><tr><td colspan="27" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span id="i82c295f9fe304e7aa2834b67367f11ef"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Monetizable</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span id="id1235e8fab22460c9afbfa29d145eccf"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Monetizable</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span id="id1abbb9396ee49f5a5eeb5600b8d0e1c"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Monetizable</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Tax assets</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,099</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,668</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,660</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,127</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,473</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,967</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax losses and tax credits</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,393 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,778 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,249 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Temporary differences</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,099 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,275 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,660 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,349 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,473 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,718 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Non-deductible provisions</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,965 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,182 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,256 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Valuation of financial instruments</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,543 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,535 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">600 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Loan losses</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,248 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,577 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,696 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,232 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,888 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">988 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Pensions</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,851 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">665 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,964 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">560 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,585 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">669 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Valuation of tangible and intangible assets</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,060 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,270 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,509 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Tax liabilities</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,086</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,428</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,462</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Temporary differences</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,086 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,428 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,462 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Valuation of financial instruments</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,059 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,792 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,419 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Valuation of tangible and intangible assets</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,594 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,169 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,081 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Investments in Group companies</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">378 </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">359 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">337 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:112%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:112%;padding-left:4.71pt">In 2023, the Spanish Economic Administrative Court ruled that in 2017 the requirements for the conversion of part of the monetizable assets of Popular Group into a credit against the Tax Administration were met, allowing the conversion to 995 million euros. This amount has been paid to Banco Santander, without impact on results. The favorable Economic Administrative Court decision has been declared harmful to the public interests and challenged at the National Appellate Court by the Tax Administration. The estimation of this appeal would imply that Grupo Santander should repay the amount refunded and would, once again, credit these monetizable assets with no impact on results except for late payment interests. However, it is considered that there are strong defense arguments in relation to this appeal.</span></div>
CY2023Q4	ifrs-full	Deferred Tax Liabilities DeferredTaxLiabilities	6086000000	eur
CY2022Q4	ifrs-full	Deferred Tax Liabilities DeferredTaxLiabilities	6428000000	eur
CY2021Q4	ifrs-full	Deferred Tax Liabilities DeferredTaxLiabilities	6462000000	eur
CY2023	ifrs-full	Disclosure Of Deferred Taxes Explanatory DisclosureOfDeferredTaxesExplanatory	<div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The changes in Tax assets - Deferred and Tax liabilities - Deferred in the last three years were as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:30.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.492%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.607%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balances at 31 December 2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(Charge)/Credit to income</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Foreign currency balance translation differences and other items</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(Charge)/Credit to asset and liability valuation adjustments</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Acquisition for the year (net)</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balances at 31 December 2023</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Deferred tax assets</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">20,787</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">629</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(130)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(422)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(97)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">20,767</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax losses and tax credits</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,778 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">392 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">224 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,393 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Temporary differences</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,009 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">237 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(354)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(422)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(96)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,374 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which monetizable</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10,660 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,232 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(787)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(6)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11,099 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Deferred tax liabilities</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(6,428)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">663</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(338)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(6,086)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Temporary differences</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6,428)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">663 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(338)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6,086)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,359</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,292</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(127)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(760)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(83)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,681</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:30.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.492%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.607%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at 31 December 2021</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(Charge)/Credit to income</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Foreign currency balance translation differences and other items</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(Charge)/Credit to asset and liability valuation adjustments</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Acquisition for the year (net)</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at 31 December 2022</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Deferred tax assets</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19,440</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">273</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">376</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">697</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">20,787</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax losses and tax credits</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,250 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">211 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">317 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,778 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Temporary differences</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,190 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">59 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">697 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,009 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which monetizable</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10,473 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">507 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(320)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10,660 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Deferred tax liabilities</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(6,462)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(487)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(149)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">684</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(14)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(6,428)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Temporary differences</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6,462)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(487)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(149)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">684 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6,428)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,978</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(214)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">227</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,381</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(13)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,359</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:30.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.492%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.607%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balances at 31 December 2020</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(Charge)/Credit to income</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Foreign currency balance translation differences and other items</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(Charge)/Credit to asset and liability valuation adjustments</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Acquisition for the year (net)</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at 31 December 2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Deferred tax assets</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19,246</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(209)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">193</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">209</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19,440</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax losses and tax credits</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,093 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">129 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,250 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Temporary differences</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,153 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(338)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">165 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">209 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,190 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which monetizable</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10,721 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(273)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">25 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10,473 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Deferred tax liabilities</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(5,933)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(886)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(170)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">528</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(6,462)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Temporary differences</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,933)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(886)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(170)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">528 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6,462)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,313</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,095)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">23</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">737</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,978</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>
CY2022Q4	ifrs-full	Deferred Tax Assets DeferredTaxAssets	20787000000	eur
CY2023	san	Deferred Tax Income Recognised In Profit Or Loss DeferredTaxIncomeRecognisedInProfitOrLoss	629000000	eur
CY2023	san	Deferred Tax Expense Tax Asset Income Tax Relating To Components Of Foreign Currency Balance Translation Differences And Other Items DeferredTaxExpenseTaxAssetIncomeTaxRelatingToComponentsOfForeignCurrencyBalanceTranslationDifferencesAndOtherItems	-130000000	eur
CY2023	san	Deferred Tax Relating To Items Credited Directly To Asset Valuation Adjustments DeferredTaxRelatingToItemsCreditedDirectlyToAssetValuationAdjustments	-422000000	eur
CY2023	san	Increase Decrease Through Business Combinations Deferred Tax Asset IncreaseDecreaseThroughBusinessCombinationsDeferredTaxAsset	-97000000	eur
CY2023Q4	ifrs-full	Deferred Tax Assets DeferredTaxAssets	20767000000	eur
CY2022Q4	ifrs-full	Deferred Tax Liabilities DeferredTaxLiabilities	6428000000	eur
CY2023	san	Deferred Tax Expense Recognised In Profit Or Loss DeferredTaxExpenseRecognisedInProfitOrLoss	-663000000	eur
CY2023	san	Deferred Tax Expense Tax Liability Income Tax Expense Relating To Components Of Foreign Currency Balance Translation Differences And Other Items DeferredTaxExpenseTaxLiabilityIncomeTaxExpenseRelatingToComponentsOfForeignCurrencyBalanceTranslationDifferencesAndOtherItems	-3000000	eur
CY2023	san	Deferred Tax Relating To Items Charged Directly To Liability Valuation Adjustments DeferredTaxRelatingToItemsChargedDirectlyToLiabilityValuationAdjustments	338000000	eur
CY2023	san	Increase Decrease Through Business Combinations Deferred Tax Liability IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiability	-14000000	eur
CY2023Q4	ifrs-full	Deferred Tax Liabilities DeferredTaxLiabilities	6086000000	eur
CY2022Q4	ifrs-full	Deferred Tax Liability Asset DeferredTaxLiabilityAsset	-14359000000	eur
CY2023	ifrs-full	Deferred Tax Expense Income Recognised In Profit Or Loss DeferredTaxExpenseIncomeRecognisedInProfitOrLoss	1292000000	eur
CY2023	san	Income Tax Relating To Components Of Foreign Currency Balance Translation Differences And Other Items IncomeTaxRelatingToComponentsOfForeignCurrencyBalanceTranslationDifferencesAndOtherItems	-127000000	eur
CY2023	san	Deferred Tax Relating To Items Charged Or Credited Directly To Asset And Liability Valuation Adjustments DeferredTaxRelatingToItemsChargedOrCreditedDirectlyToAssetAndLiabilityValuationAdjustments	-760000000	eur
CY2023	ifrs-full	Increase Decrease Through Business Combinations Deferred Tax Liability Asset IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset	83000000	eur
CY2023Q4	ifrs-full	Deferred Tax Liability Asset DeferredTaxLiabilityAsset	-14681000000	eur
CY2021Q4	ifrs-full	Deferred Tax Assets DeferredTaxAssets	19440000000	eur
CY2022	san	Deferred Tax Income Recognised In Profit Or Loss DeferredTaxIncomeRecognisedInProfitOrLoss	273000000	eur
CY2022	san	Deferred Tax Expense Tax Asset Income Tax Relating To Components Of Foreign Currency Balance Translation Differences And Other Items DeferredTaxExpenseTaxAssetIncomeTaxRelatingToComponentsOfForeignCurrencyBalanceTranslationDifferencesAndOtherItems	376000000	eur
CY2022	san	Deferred Tax Relating To Items Credited Directly To Asset Valuation Adjustments DeferredTaxRelatingToItemsCreditedDirectlyToAssetValuationAdjustments	697000000	eur
CY2022	san	Increase Decrease Through Business Combinations Deferred Tax Asset IncreaseDecreaseThroughBusinessCombinationsDeferredTaxAsset	1000000	eur
CY2022Q4	ifrs-full	Deferred Tax Assets DeferredTaxAssets	20787000000	eur
CY2021Q4	ifrs-full	Deferred Tax Liabilities DeferredTaxLiabilities	6462000000	eur
CY2022	san	Deferred Tax Expense Recognised In Profit Or Loss DeferredTaxExpenseRecognisedInProfitOrLoss	487000000	eur
CY2022	san	Deferred Tax Expense Tax Liability Income Tax Expense Relating To Components Of Foreign Currency Balance Translation Differences And Other Items DeferredTaxExpenseTaxLiabilityIncomeTaxExpenseRelatingToComponentsOfForeignCurrencyBalanceTranslationDifferencesAndOtherItems	149000000	eur
CY2022	san	Deferred Tax Relating To Items Charged Directly To Liability Valuation Adjustments DeferredTaxRelatingToItemsChargedDirectlyToLiabilityValuationAdjustments	-684000000	eur
CY2022	san	Increase Decrease Through Business Combinations Deferred Tax Liability IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiability	14000000	eur
CY2022Q4	ifrs-full	Deferred Tax Liabilities DeferredTaxLiabilities	6428000000	eur
CY2021Q4	ifrs-full	Deferred Tax Liability Asset DeferredTaxLiabilityAsset	-12978000000	eur
CY2022	ifrs-full	Deferred Tax Expense Income Recognised In Profit Or Loss DeferredTaxExpenseIncomeRecognisedInProfitOrLoss	-214000000	eur
CY2022	san	Income Tax Relating To Components Of Foreign Currency Balance Translation Differences And Other Items IncomeTaxRelatingToComponentsOfForeignCurrencyBalanceTranslationDifferencesAndOtherItems	227000000	eur
CY2022	san	Deferred Tax Relating To Items Charged Or Credited Directly To Asset And Liability Valuation Adjustments DeferredTaxRelatingToItemsChargedOrCreditedDirectlyToAssetAndLiabilityValuationAdjustments	1381000000	eur
CY2022	ifrs-full	Increase Decrease Through Business Combinations Deferred Tax Liability Asset IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset	13000000	eur
CY2022Q4	ifrs-full	Deferred Tax Liability Asset DeferredTaxLiabilityAsset	-14359000000	eur
CY2020Q4	ifrs-full	Deferred Tax Assets DeferredTaxAssets	19246000000	eur
CY2021	san	Deferred Tax Income Recognised In Profit Or Loss DeferredTaxIncomeRecognisedInProfitOrLoss	-209000000	eur
CY2021	san	Deferred Tax Expense Tax Asset Income Tax Relating To Components Of Foreign Currency Balance Translation Differences And Other Items DeferredTaxExpenseTaxAssetIncomeTaxRelatingToComponentsOfForeignCurrencyBalanceTranslationDifferencesAndOtherItems	193000000	eur
CY2021	san	Deferred Tax Relating To Items Credited Directly To Asset Valuation Adjustments DeferredTaxRelatingToItemsCreditedDirectlyToAssetValuationAdjustments	209000000	eur
CY2021	san	Increase Decrease Through Business Combinations Deferred Tax Asset IncreaseDecreaseThroughBusinessCombinationsDeferredTaxAsset	1000000	eur
CY2021Q4	ifrs-full	Deferred Tax Assets DeferredTaxAssets	19440000000	eur
CY2020Q4	ifrs-full	Deferred Tax Liabilities DeferredTaxLiabilities	5933000000	eur
CY2021	san	Deferred Tax Expense Recognised In Profit Or Loss DeferredTaxExpenseRecognisedInProfitOrLoss	886000000	eur
CY2021	san	Deferred Tax Expense Tax Liability Income Tax Expense Relating To Components Of Foreign Currency Balance Translation Differences And Other Items DeferredTaxExpenseTaxLiabilityIncomeTaxExpenseRelatingToComponentsOfForeignCurrencyBalanceTranslationDifferencesAndOtherItems	170000000	eur
CY2021	san	Deferred Tax Relating To Items Charged Directly To Liability Valuation Adjustments DeferredTaxRelatingToItemsChargedDirectlyToLiabilityValuationAdjustments	-528000000	eur
CY2021	san	Increase Decrease Through Business Combinations Deferred Tax Liability IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiability	1000000	eur
CY2021Q4	ifrs-full	Deferred Tax Liabilities DeferredTaxLiabilities	6462000000	eur
CY2020Q4	ifrs-full	Deferred Tax Liability Asset DeferredTaxLiabilityAsset	-13313000000	eur
CY2021	ifrs-full	Deferred Tax Expense Income Recognised In Profit Or Loss DeferredTaxExpenseIncomeRecognisedInProfitOrLoss	-1095000000	eur
CY2021	san	Income Tax Relating To Components Of Foreign Currency Balance Translation Differences And Other Items IncomeTaxRelatingToComponentsOfForeignCurrencyBalanceTranslationDifferencesAndOtherItems	23000000	eur
CY2021	san	Deferred Tax Relating To Items Charged Or Credited Directly To Asset And Liability Valuation Adjustments DeferredTaxRelatingToItemsChargedOrCreditedDirectlyToAssetAndLiabilityValuationAdjustments	737000000	eur
CY2021	ifrs-full	Increase Decrease Through Business Combinations Deferred Tax Liability Asset IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset	0	eur
CY2021Q4	ifrs-full	Deferred Tax Liability Asset DeferredTaxLiabilityAsset	-12978000000	eur
CY2023Q4	san	Deferred Tax Assets Not Recognized DeferredTaxAssetsNotRecognized	11788000000	eur
CY2023Q4	san	Tax Losses Deferred Tax Assets Not Recognized TaxLossesDeferredTaxAssetsNotRecognized	7228000000	eur
CY2023Q4	san	Tax Credits Deferred Tax Assets Not Recognized TaxCreditsDeferredTaxAssetsNotRecognized	3648000000	eur
CY2023Q4	san	Other Concepts Deferred Tax Assets Not Recognized OtherConceptsDeferredTaxAssetsNotRecognized	912000000	eur
CY2023	ifrs-full	Disclosure Of Noncontrolling Interests Explanatory DisclosureOfNoncontrollingInterestsExplanatory	Non-controlling interests<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Non-controlling interests include the net amount of the equity of subsidiaries attributable to equity instruments that do not belong, directly or indirectly, to the Bank, including the portion attributed to them of profit for the year.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i6a875bc8c17d4436b439c4a73e3ef66d"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">a) Breakdown</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The detail, by Group company, of 'Equity - Non-controlling interests' is as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:59.085%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.171%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.171%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.173%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%"> </span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Bank Polska S.A.</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,934 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,603 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,559 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Grupo PSA</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,590 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,728 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,543 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Consumer USA Holdings Inc.</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,255 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander - Chile</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,379 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,317 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,042 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander (Brasil) S.A.</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,493 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,210 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,023 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander México, S.A. Institución de Banca Múltiple, Grupo Financiero Santander México</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">251 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">202 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other companies</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,311 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,213 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,970 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,711</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,322</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,594</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Profit/(Loss) for the year attributable to non-controlling interests</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,107 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,159 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,529 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Santander Consumer USA Holdings Inc.</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">494 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Grupo PSA</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">285 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">323 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">311 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Banco Santander - Chile</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">235 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">280 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">292 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Banco Santander (Brasil) S.A.</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">182 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">259 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">251 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Santander Bank Polska S.A.</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">347 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">196 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">75 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Banco Santander México, S.A. Institución de Banca Múltiple, Grupo Financiero Santander México</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">42 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">62 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other companies</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">45 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">59 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">44 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,818</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,481</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,123</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Includes perpetual Santander UK plc equity instruments convertible at the option of Santander UK plc into preferred shares of Santander UK plc. During 2022, three issues were redeemed early for a nominal amount of GBP 1,700 million (EUR 1,977 million) of which the Group had repurchased GBP 1,050 million (EUR 1,221 million). At 2023 year-end, the outstanding balance on these equity instruments amounted to GBP 500 million (EUR 576 million) (EUR 564 million and EUR 1,363 million in 2022 and 2021, respectively).</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i846ccda36fe1484ea66fab9f86e16c77"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">b) Changes</span></div><div style="margin-bottom:2pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The changes in Non-controlling interests are summarised as follows:</span></div><div style="margin-bottom:2pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:57.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.791%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balance at the end of the previous year</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,481 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,123 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,846 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balance at beginning of year</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,481 </span></td><td style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,123 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,846 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other comprehensive income</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">297 </span></td><td style="background-color:#edf5f8;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">248 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(304)</span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,890)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">581 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Profit attributable to non-controlling interests</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,107 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,159 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,529 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Modification of participation rates</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-style:italic;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(258)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,811)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(390)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Change of perimeter</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(364)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">31 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(5)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Dividends paid to minority shareholders</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(748)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(500)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(648)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Changes in capital and other concepts</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-style:italic;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">303 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(769)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">95 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at end of year</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,818</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,481</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,123</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Include the effects of the public offer for the acquisition of shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México that occurred in 2023, purchase of shares of Santander Holdings USA, Inc. on Santander Consumer USA Holdings Inc. that occurred in 2022 and of the public offer for the acquisition of shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México that occurred in 2021 (see note 3.b).</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.48pt">Includes the effect of the amortization of AT1 UK by EUR 756 million at closing of fiscal year 2022.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The foregoing changes are shown in the consolidated statement of changes in total equity.</span></div><div style="margin-bottom:6pt;margin-top:9pt;padding-right:263.62pt"><span id="i3231a62c0ed2459b94004b126e5d6ca1"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">c) Other information</span></div><div style="margin-bottom:12pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The financial information on the subsidiaries with significant non-controlling interests at 31 December 2023 is summarised below:</span></div><div style="margin-bottom:3pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.392%"><tr><td style="width:1.0%"></td><td style="width:18.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:4.87pt;font-weight:400;line-height:105%;position:relative;top:-2.62pt;vertical-align:baseline">A</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 8.09pt 0 1pt;text-indent:-7.09pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Santander Bank Polska S.A.</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Banco Santander (Brasil) S.A.</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Banco Santander - Chile</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Grupo Financiero Santander México, S.A.B. de C.V.</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total assets</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">60,916 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">220,093 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">77,167 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">102,496 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total liabilities</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">54,462 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">203,035 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">71,518 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">93,592 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net assets</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,454</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17,058</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,648</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,904</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total income</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,182 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,104 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,285 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,899 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total profit</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,015</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,135</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">816</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,577</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%;padding-left:5.13pt">Information prepared in accordance with the segment reporting criteria described in note 52 and, therefore, it may not coincide with the information published separately by each entity.</span></div>
CY2023Q4	san	Non Controlling Interests Excluding Profit Loss Attributable To Non Controlling Interests NonControllingInterestsExcludingProfitLossAttributableToNonControllingInterests	7711000000	eur
CY2022Q4	san	Non Controlling Interests Excluding Profit Loss Attributable To Non Controlling Interests NonControllingInterestsExcludingProfitLossAttributableToNonControllingInterests	7322000000	eur
CY2021Q4	san	Non Controlling Interests Excluding Profit Loss Attributable To Non Controlling Interests NonControllingInterestsExcludingProfitLossAttributableToNonControllingInterests	8594000000	eur
CY2023	ifrs-full	Profit Loss Attributable To Noncontrolling Interests ProfitLossAttributableToNoncontrollingInterests	1107000000	eur
CY2022	ifrs-full	Profit Loss Attributable To Noncontrolling Interests ProfitLossAttributableToNoncontrollingInterests	1159000000	eur
CY2021	ifrs-full	Profit Loss Attributable To Noncontrolling Interests ProfitLossAttributableToNoncontrollingInterests	1529000000	eur
CY2023Q4	ifrs-full	Noncontrolling Interests NoncontrollingInterests	8818000000	eur
CY2022Q4	ifrs-full	Noncontrolling Interests NoncontrollingInterests	8481000000	eur
CY2021Q4	ifrs-full	Noncontrolling Interests NoncontrollingInterests	10123000000	eur
CY2023	ifrs-full	Disclosure Of Analysis Of Other Comprehensive Income By Item Explanatory DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemExplanatory	Other comprehensive income<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The balances of 'Other comprehensive income' include the amounts, net of the related tax effect, of the adjustments to assets and liabilities recognised in equity through the consolidated statement of recognised income and expense. The amounts arising from subsidiaries are presented, on a line by line basis, in the appropriate items according to their nature.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Respect to items that may be reclassified to profit or loss, the consolidated statement of recognised income and expense includes changes in other comprehensive income as follows:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Revaluation gains (losses): includes the amount of the income, net of the expenses incurred in the year, recognised directly in equity. The amounts recognised in equity in the year remain under this item, even if in the same year they are transferred to the income statement or to the initial carrying amount of the assets or liabilities or are reclassified to another line item.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Amounts transferred to income statement: includes the amount of the revaluation gains and losses previously recognised in equity, even in the same year, which are recognised in the income statement.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Amounts transferred to initial carrying amount of hedged items: includes the amount of the revaluation gains and losses previously recognised in equity, even in the same year, which are recognised in the initial carrying amount of assets or liabilities as a result of cash flow hedges.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Other reclassifications: includes the amount of the transfers made in the year between the various valuation adjustment items.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="ifc6b0cd78051451385599b329e248e94"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">a) Breakdown of Other comprehensive income - Items that will not be reclassified in results and Items that can be classified in results</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.504%"><tr><td style="width:1.0%"></td><td style="width:69.916%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.611%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.459%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.614%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:4.87pt;font-weight:400;line-height:105%;position:relative;top:-2.62pt;vertical-align:baseline">A</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other comprehensive income</span></div></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(35,020)</span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(35,628)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(32,719)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Items that will not be reclassified to profit or loss</span></div></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(5,212)</span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(4,635)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(4,241)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Actuarial gains and losses on defined benefit pension plans</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,324)</span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,945)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,986)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-current assets held for sale</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Share in other income and expenses recognised in investments, joint ventures and associates</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other valuation adjustments</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of equity instruments measured at fair value with changes in other comprehensive income</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(776)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(672)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(157)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Inefficiency of fair value hedges of equity instruments measured at fair value with changes in other comprehensive income</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of equity instruments measured at fair value with changes in other comprehensive income (hedged item)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">264 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">293 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">275 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of equity instruments measured at fair value with changes in other comprehensive income (hedging instrument)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(264)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(293)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(275)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of financial liabilities measured at fair value through profit or loss attributable to changes in credit risk</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(113)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(28)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(90)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Items that may be reclassified to profit or loss</span></div></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(29,808)</span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(30,993)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(28,478)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Hedges of net investments in foreign operations (Effective portion)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8,684)</span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6,750)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,283)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(19,510)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(20,420)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(23,887)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Hedging derivatives. Cash flow hedges (Effective portion)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(740)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,437)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(276)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of debt instruments measured at fair value with changes in other comprehensive income</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(555)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,002)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">436 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Hedging instruments (items not designated)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-current assets classified as held for sale</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Share in other income and expenses recognised in investments, joint ventures and associates</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(319)</span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(384)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(468)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Net amount of taxes and minorities</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:9pt"><span id="ib257614dfb1e4243aa0cbe4bab1e4f37"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">b) Other comprehensive income- Items not reclassified to profit or loss – Actuarial gains or (-) losses on defined benefit pension plans </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">'Other comprehensive income —Items not reclassified to profit or loss— Actuarial gains or (-) losses on defined benefit pension plans' include the actuarial gains and losses and the return on plan assets, less the administrative expenses and taxes inherent to the plan, and any change in the effect of the asset ceiling, excluding amounts included in net interest on the net defined benefit liability (asset).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Its variation (</span><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:121%">increase</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"> of EUR 1,038 million in the year) is shown in the consolidated statement of recognised income.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The endowment against equity in 2023 amounts to EUR 944 million - see note 25.b -, with the following breakdown:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Increase of EUR 687 million in the cumulative actuarial losses relating to the Group´s businesses in the UK, mainly due to the evolution of the asset portfolio and the evolution of the discount rate– reduction from 4.88% to 4.63%.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Increase of EUR 184 million in accumulated actuarial losses corresponding to the Group’s business in Brazil, mainly due to the evolution experienced by the discount rate -reduction from 9.44% to 8.65% in the main pension benefits and 9.46% to 8.70% in medical benefits.</span></div><div style="margin-bottom:9pt;text-indent:8.93pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Increase of EUR 34 million in the accumulates actuarial losses relating to the Group's entities in Germany, mainly due to the evolution experienced by the discount rate -reduction from 4.21% to 3.57%.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Increase of EUR 10 million in the accumulates actuarial losses relating to the Group´s entities in Spain, mainly due to the evolution experienced by the discount rate -reduction from 3.80% to 3.35%.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Increase of EUR 9 million in the accumulates actuarial losses relating to the Group's entities in Portugal, mainly due to the evolution experienced by the discount rate -reduction from 3.70% to 3.50%.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Increase of EUR 20 million in the accumulated actuarial losses corresponding to the Group's businesses in other geographical areas.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The other modification in accumulated actuarial profit or losses is an Increase of EUR 94 million as a result of the evolution of exchange rates and other movements.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span><br/></span></div><div style="margin-bottom:9pt;text-indent:8.93pt"><span><br/></span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:9pt"><span id="i09c15b86a0c24b64b2f17bf31960ac5b"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">c) Other comprehensive income - Items that will not be reclassified in results - Changes in the fair value of equity instruments measured at fair value with changes in other comprehensive income</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Since the entry into force of IFRS 9, no impairment analysis is performed of equity instruments recognised under 'Other comprehensive income'. IFRS 9 eliminates the need to carry out the impairment estimate on this class of equity instruments and the reclassification to profit and loss on the disposal of these assets, being recognised at fair value with changes in equity.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The following is a breakdown of the composition of the balance as of 31 December 2023, 2022 and 2021 under 'Other comprehensive income - Items that will not be reclassified to profit or loss - Changes in the fair value of equity instruments measured at fair value with changes in other global result' depending on the geographical origin of the issuer:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:6pt;padding-left:14.17pt;text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div></div></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.427%"><tr><td style="width:1.0%"></td><td style="width:29.257%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.310%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.310%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.310%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.313%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="12" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Capital gains by valuation</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Capital losses by valuation</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net gains/losses by valuation</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair Value</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Domestic</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">32 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,173)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,141)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">252 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">International</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Rest of Europe</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">117 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(71)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">46 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">267 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">16 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">16 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Latin America and rest</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">370 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(67)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">303 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,223 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt 0 7.75pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">535</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,311)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(776)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,761</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Publicly listed</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">316 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(118)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">198 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,225 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Non publicly listed</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">219 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,193)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(974)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">536 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.427%"><tr><td style="width:1.0%"></td><td style="width:29.257%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.310%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.310%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.310%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.313%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="12" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Capital gains by valuation</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Capital losses by valuation</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net gains/losses by valuation</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair Value</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Domestic</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">30 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(926)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(896)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">500 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">International</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Rest of Europe</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">84 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(60)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">24 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">225 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">15 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">15 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">29 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Latin America and rest</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">244 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(59)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">185 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,187 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">373</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,045)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(672)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,941</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Publicly listed</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">246 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(113)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">133 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,200 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Non publicly listed</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">127 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(932)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(805)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">741 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.427%"><tr><td style="width:1.0%"></td><td style="width:29.257%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.310%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.310%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.310%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.313%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="12" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Capital gains by valuation</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Capital losses by valuation</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net gains/losses by valuation</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair Value</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Domestic</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">25 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(663)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(638)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">759 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">International</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Rest of Europe</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">39 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(58)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(19)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">170 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(4)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">31 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Latin America and rest</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">496 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(5)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">491 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,493 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt 0 7.75pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">573</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(730)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(157)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,453</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Publicly listed</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">500 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(44)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">456 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,521 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Non publicly listed</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">73 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(686)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(613)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">932 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:9pt"><span id="id71d748eb3ce4ff284f9d1245bdee30d"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">d) Other comprehensive income - Items that may be reclassified to profit or loss - Hedge of net investments in foreign operations (effective portion) and exchange differences</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The change in 2023 reflects the positive effect of the appreciation of the Brazilian real, the pound sterling, Polish zloty and Mexican peso and the negative effect of the depreciation of the US dollar, Argentine peso and Chilean peso, whereas the change in 2022 reflected positive effect of the appreciation of the Brazilian real, the US dollar and the Mexican peso and the negative effect of the depreciation of the pound sterling. The change in 2021 reflected the positive effect of the generalized appreciation of the main currencies, especially the Brazilian real, the pound sterling, the US dollar and the Mexican peso. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Of the change in the balance in these years, a profit of EUR 249 million, a profit of EUR 496 million and EUR 167 million in 2023, 2022 and 2021, respectively relate to the measurement of goodwill.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The detail, by country is as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:42.109%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.729%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net balance at end of year</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(28,194)</span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(27,170)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(28,170)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Brazilian real</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(16,340)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(16,735)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(17,440)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Pound sterling</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(3,964)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(4,219)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(3,415)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Mexican peso</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(2,942)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(3,010)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(3,088)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Argentine peso</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(2,655)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,755)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(2,109)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Chilean peso</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(2,531)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(2,081)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(2,039)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">US dollar</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,819 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,384 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,536 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Polish zloty</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(786)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(999)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(809)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(795)</span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(755)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(806)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The breakdown of translation differences by currency is as follows</span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:9pt;font-weight:400;line-height:121%">:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:18.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.677%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.532%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="9" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Of which:</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Currency</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at the beginning of the year</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at the end of the year</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Movement</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">From goodwill</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span id="ie18a22a3ce64469eb14353ea01c48998"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">From results</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">From net assets</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazilian real</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14,199)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,287)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">912 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">191 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">710 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pound sterling</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,446)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,064)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">382 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">358 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mexican peso</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,132)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(64)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,068 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">965 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Argentine peso</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,754)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,658)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(904)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(900)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Chilean peso</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,605)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,890)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(285)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(32)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(34)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(219)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US dollar</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,062 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,433 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(629)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(64)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(549)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Polish zloty</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(776)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(325)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">451 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">87 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">332 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(570)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(655)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(85)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(73)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total Group</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(20,420)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(19,510)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">910</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">249</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">37</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">624</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Profit and loss items are translated into euros at the average exchange rate for the year as described in note 2 a) ii.</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:18.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.677%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.532%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="9" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Of which:</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Currency</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at the beginning of the year</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at the end of the year</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Movement</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">From goodwill</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span id="id7319159a137420bb2c68a39bed53479"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">From results</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">From net assets</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazilian real</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(15,913)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14,199)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,714 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">376 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(98)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,436 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pound sterling</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,504)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,446)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(942)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(51)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(67)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(824)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mexican peso</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,012)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,132)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">880 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">56 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">806 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Argentine peso</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,109)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,754)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">355 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">355 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Chilean peso</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,852)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,605)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">247 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">211 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US dollar</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,775 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,062 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,287 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">102 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(24)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,209 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Polish zloty</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(678)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(776)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(98)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(21)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(77)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(594)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(570)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total Group</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(23,887)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(20,420)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,467</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">496</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(173)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,144</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Profit and loss items are translated into euros at the average exchange rate for the year as described in note 2 a) ii.</span></div><div style="text-indent:3.82pt"><span><br/></span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:18.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.677%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.532%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="9" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Of which:</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Currency</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at the beginning of the year</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at the end of the year</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Movement</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">From goodwill</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span id="ie5b5ec2df1f04d0d861217339bcf0399"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">From results</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">From net assets</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazilian real</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16,032)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(15,913)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">119 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">70 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pound sterling</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,602)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,504)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,098 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,019 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mexican peso</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,393)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,012)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">381 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">326 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Argentine peso</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,287)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,109)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">178 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">178 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Chilean peso</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,450)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,852)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(402)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(55)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(43)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(304)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US dollar</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,253 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,775 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,522 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">125 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">102 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,295 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Polish zloty</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(638)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(678)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(40)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(30)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(762)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(594)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">168 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">148 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total Group</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(26,911)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(23,887)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,024</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">167</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">155</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,702</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Profit and loss items are translated into euros at the average exchange rate for the year as described in note 2 a) ii.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:9pt"><span id="i38eb059a2f3a4e8586b48984b78008c5"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">e) Other comprehensive income -Items that may be reclassified to profit or loss - Hedging derivatives – Cash flow hedges (Effective portion)</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Other comprehensive income – Items that may be reclassified to profit or loss - Cash flow hedges includes the gains or losses attributable to hedging instruments that qualify as effective hedges. These amounts will remain under this heading until they are recognised in the consolidated income statement in the periods in which the hedged items affect it.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:6pt;margin-top:9pt;padding-right:263.62pt"><span id="idba46e4db04a43e5ae7eb546ef2d57df"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">f) Other comprehensive income - Items that may be reclassified to profit or loss – Changes in the fair value of debt instruments measured at fair value with changes in other comprehensive income</span></div><div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Includes the net amount of unrealised changes in the fair value of assets classified as Changes in the fair value of debt instruments measured at fair value with changes in other comprehensive income (see note 7).</span></div><div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The breakdown, by type of instrument and geographical origin of the issuer, of 'Other comprehensive income – Items that may be reclassified to profit or loss - Changes in the fair value of debt instruments measured at fair value with changes in other comprehensive income' at 31 December 2023, 2022 and 2021 is as follows:</span></div><div style="margin-bottom:3pt;margin-top:15pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.723%"><tr><td style="width:1.0%"></td><td style="width:35.398%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.775%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.775%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.775%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.777%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="12" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Revaluation gains</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Revaluation losses</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Net revaluation gains/ (losses)</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Fair value</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Debt instruments</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Issued by Public-sector</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">17 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">17 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">9,867 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">Rest of Europe</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">333 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">(96)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">237 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">18,258 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">Latin America and rest of the world</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">194 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">(820)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">(626)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">38,169 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Issued by Private-sector</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">98 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">(9)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">89 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">5,129 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">Rest of Europe</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">19 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">(30)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">(11)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">5,018 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">Latin America and rest of the world</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">(267)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">(261)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">5,106 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">667</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(1,222)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(555)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">81,547</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt;margin-top:15pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.427%"><tr><td style="width:1.0%"></td><td style="width:35.804%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.673%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.673%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.673%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.677%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="12" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">31 December 2022</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Revaluation gains</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Revaluation losses</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Net revaluation gains/ (losses)</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Fair value</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Debt instruments</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Issued by Public-sector</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">26 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">25 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">9,312 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">Rest of Europe</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">268 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">(199)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">69 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">17,593 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">Latin America and rest of the world</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">196 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">(937)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">(741)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">40,873 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Issued by Private-sector</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">(24)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">(24)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">5,727 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">Rest of Europe</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">11 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">(68)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">(57)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">5,203 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">Latin America and rest of the world</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">16 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">(290)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">(274)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">4,590 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">517</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(1,519)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(1,002)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">83,298</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.427%"><tr><td style="width:1.0%"></td><td style="width:35.804%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.673%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.673%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.673%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.677%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="12" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">31 December 2021</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Revaluation gains</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Revaluation losses</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Net revaluation gains/ (losses)</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Fair value</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Debt instruments</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Issued by Public-sector</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">271 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">271 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">12,917 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">Rest of Europe</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">544 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">(118)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">426 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">20,397 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">Latin America and rest of the world</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">334 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">(438)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">(104)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">49,847 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Issued by Private-sector</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">(20)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">(18)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">4,759 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">Rest of Europe</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">47 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">(171)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">(124)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">11,708 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">Latin America and rest of the world</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">31 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">(46)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">(15)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">5,957 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">1,229</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(793)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">436</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">105,585</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Since the entry into force of IFRS 9, the Group estimates the expected losses on debt instruments measured at fair value with changes in other comprehensive income. These losses are recorded with a charge to the consolidated income statement for the period.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At the end of the years 2023, 2022 and 2021, the Group recorded under 'Impairment or reversal of impairment on financial assets not measured at fair value through profit or loss', net due to modification of the consolidated income statement, in the line of financial assets at fair value with changes in other comprehensive income a provision of EUR 44 million, EUR 7 million and EUR 19 million in 2023, 2022 and 2021, respectively.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i04d26a1d1d6347e489990e0e92c5d24f"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">g) Other comprehensive income - Items that may be reclassified to profit or loss and Items not reclassified to profit or loss - Other recognised income and expense of investments in subsidiaries, joint ventures and associates</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At 31 December 2023, the heading includes a negative amount of EUR 318 million (EUR 374 million and EUR 376 million in 2022 and 2021, respectively). Of the variation in the balance of said years, a gain of EUR 44 million and EUR 15 million has been transferred to results, and a loss of EUR 6 million in the years 2023, 2022 and 2021, respectively.</span></div>
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CY2022Q4	ifrs-full	Accumulated Other Comprehensive Income AccumulatedOtherComprehensiveIncome	-35628000000	eur
CY2021Q4	ifrs-full	Accumulated Other Comprehensive Income AccumulatedOtherComprehensiveIncome	-32719000000	eur
CY2023Q4	san	Other Comprehensive Income Items That Will Not Be Reclassified To Profit Or Loss OtherComprehensiveIncomeItemsThatWillNotBeReclassifiedToProfitOrLoss	-5212000000	eur
CY2022Q4	san	Other Comprehensive Income Items That Will Not Be Reclassified To Profit Or Loss OtherComprehensiveIncomeItemsThatWillNotBeReclassifiedToProfitOrLoss	-4635000000	eur
CY2021Q4	san	Other Comprehensive Income Items That Will Not Be Reclassified To Profit Or Loss OtherComprehensiveIncomeItemsThatWillNotBeReclassifiedToProfitOrLoss	-4241000000	eur
CY2023Q4	ifrs-full	Reserve Of Remeasurements Of Defined Benefit Plans ReserveOfRemeasurementsOfDefinedBenefitPlans	-4324000000	eur
CY2022Q4	ifrs-full	Reserve Of Remeasurements Of Defined Benefit Plans ReserveOfRemeasurementsOfDefinedBenefitPlans	-3945000000	eur
CY2021Q4	ifrs-full	Reserve Of Remeasurements Of Defined Benefit Plans ReserveOfRemeasurementsOfDefinedBenefitPlans	-3986000000	eur
CY2023Q4	san	Other Reserves Non Current Assets Held For Sale Not Reclassified To Profit Or Loss OtherReservesNonCurrentAssetsHeldForSaleNotReclassifiedToProfitOrLoss	0	eur
CY2022Q4	san	Other Reserves Non Current Assets Held For Sale Not Reclassified To Profit Or Loss OtherReservesNonCurrentAssetsHeldForSaleNotReclassifiedToProfitOrLoss	0	eur
CY2021Q4	san	Other Reserves Non Current Assets Held For Sale Not Reclassified To Profit Or Loss OtherReservesNonCurrentAssetsHeldForSaleNotReclassifiedToProfitOrLoss	0	eur
CY2023Q4	san	Amount Recognised In Other Comprehensive Income And Accumulated In Equity Relating To Investments In Associated Entities AmountRecognisedInOtherComprehensiveIncomeAndAccumulatedInEquityRelatingToInvestmentsInAssociatedEntities	1000000	eur
CY2022Q4	san	Amount Recognised In Other Comprehensive Income And Accumulated In Equity Relating To Investments In Associated Entities AmountRecognisedInOtherComprehensiveIncomeAndAccumulatedInEquityRelatingToInvestmentsInAssociatedEntities	10000000	eur
CY2021Q4	san	Amount Recognised In Other Comprehensive Income And Accumulated In Equity Relating To Investments In Associated Entities AmountRecognisedInOtherComprehensiveIncomeAndAccumulatedInEquityRelatingToInvestmentsInAssociatedEntities	-8000000	eur
CY2023Q4	san	Other Valuation Adjustments Not Reclassified To Profit Or Loss Net Of Tax OtherValuationAdjustmentsNotReclassifiedToProfitOrLossNetOfTax	0	eur
CY2022Q4	san	Other Valuation Adjustments Not Reclassified To Profit Or Loss Net Of Tax OtherValuationAdjustmentsNotReclassifiedToProfitOrLossNetOfTax	0	eur
CY2021Q4	san	Other Valuation Adjustments Not Reclassified To Profit Or Loss Net Of Tax OtherValuationAdjustmentsNotReclassifiedToProfitOrLossNetOfTax	0	eur
CY2023Q4	ifrs-full	Reserve Of Gains And Losses From Investments In Equity Instruments ReserveOfGainsAndLossesFromInvestmentsInEquityInstruments	-776000000	eur
CY2022Q4	ifrs-full	Reserve Of Gains And Losses From Investments In Equity Instruments ReserveOfGainsAndLossesFromInvestmentsInEquityInstruments	-672000000	eur
CY2021Q4	ifrs-full	Reserve Of Gains And Losses From Investments In Equity Instruments ReserveOfGainsAndLossesFromInvestmentsInEquityInstruments	-157000000	eur
CY2023Q4	san	Hedge Ineffectiveness Measured At Fair Value Through Other Comprehensive Income HedgeIneffectivenessMeasuredAtFairValueThroughOtherComprehensiveIncome	0	eur
CY2022Q4	san	Hedge Ineffectiveness Measured At Fair Value Through Other Comprehensive Income HedgeIneffectivenessMeasuredAtFairValueThroughOtherComprehensiveIncome	0	eur
CY2021Q4	san	Hedge Ineffectiveness Measured At Fair Value Through Other Comprehensive Income HedgeIneffectivenessMeasuredAtFairValueThroughOtherComprehensiveIncome	0	eur
CY2023Q4	san	Other Reserves Other Comprehensive Income Before Tax Gains Losses On Hedged Item OtherReservesOtherComprehensiveIncomeBeforeTaxGainsLossesOnHedgedItem	264000000	eur
CY2022Q4	san	Other Reserves Other Comprehensive Income Before Tax Gains Losses On Hedged Item OtherReservesOtherComprehensiveIncomeBeforeTaxGainsLossesOnHedgedItem	293000000	eur
CY2021Q4	san	Other Reserves Other Comprehensive Income Before Tax Gains Losses On Hedged Item OtherReservesOtherComprehensiveIncomeBeforeTaxGainsLossesOnHedgedItem	275000000	eur
CY2023Q4	san	Other Reserves Other Comprehensive Income Before Tax Gains Losses On Hedged Instrument OtherReservesOtherComprehensiveIncomeBeforeTaxGainsLossesOnHedgedInstrument	-264000000	eur
CY2022Q4	san	Other Reserves Other Comprehensive Income Before Tax Gains Losses On Hedged Instrument OtherReservesOtherComprehensiveIncomeBeforeTaxGainsLossesOnHedgedInstrument	-293000000	eur
CY2021Q4	san	Other Reserves Other Comprehensive Income Before Tax Gains Losses On Hedged Instrument OtherReservesOtherComprehensiveIncomeBeforeTaxGainsLossesOnHedgedInstrument	-275000000	eur
CY2023Q4	ifrs-full	Reserve Of Change In Fair Value Of Financial Liability Attributable To Change In Credit Risk Of Liability ReserveOfChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability	-113000000	eur
CY2022Q4	ifrs-full	Reserve Of Change In Fair Value Of Financial Liability Attributable To Change In Credit Risk Of Liability ReserveOfChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability	-28000000	eur
CY2021Q4	ifrs-full	Reserve Of Change In Fair Value Of Financial Liability Attributable To Change In Credit Risk Of Liability ReserveOfChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability	-90000000	eur
CY2023Q4	san	Other Comprehensive Income Items That May Be Reclassified To Profit Or Loss OtherComprehensiveIncomeItemsThatMayBeReclassifiedToProfitOrLoss	-29808000000	eur
CY2022Q4	san	Other Comprehensive Income Items That May Be Reclassified To Profit Or Loss OtherComprehensiveIncomeItemsThatMayBeReclassifiedToProfitOrLoss	-30993000000	eur
CY2021Q4	san	Other Comprehensive Income Items That May Be Reclassified To Profit Or Loss OtherComprehensiveIncomeItemsThatMayBeReclassifiedToProfitOrLoss	-28478000000	eur
CY2023Q4	ifrs-full	Reserve Of Gains And Losses On Hedging Instruments That Hedge Investments In Equity Instruments ReserveOfGainsAndLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstruments	-8684000000	eur
CY2022Q4	ifrs-full	Reserve Of Gains And Losses On Hedging Instruments That Hedge Investments In Equity Instruments ReserveOfGainsAndLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstruments	-6750000000	eur
CY2021Q4	ifrs-full	Reserve Of Gains And Losses On Hedging Instruments That Hedge Investments In Equity Instruments ReserveOfGainsAndLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstruments	-4283000000	eur
CY2023Q4	ifrs-full	Reserve Of Exchange Differences On Translation ReserveOfExchangeDifferencesOnTranslation	-19510000000	eur
CY2022Q4	ifrs-full	Reserve Of Exchange Differences On Translation ReserveOfExchangeDifferencesOnTranslation	-20420000000	eur
CY2021Q4	ifrs-full	Reserve Of Exchange Differences On Translation ReserveOfExchangeDifferencesOnTranslation	-23887000000	eur
CY2023Q4	ifrs-full	Reserve Of Cash Flow Hedges ReserveOfCashFlowHedges	-740000000	eur
CY2022Q4	ifrs-full	Reserve Of Cash Flow Hedges ReserveOfCashFlowHedges	-2437000000	eur
CY2021Q4	ifrs-full	Reserve Of Cash Flow Hedges ReserveOfCashFlowHedges	-276000000	eur
CY2023Q4	ifrs-full	Reserve Of Gains And Losses On Financial Assets Measured At Fair Value Through Other Comprehensive Income ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome	-555000000	eur
CY2022Q4	ifrs-full	Reserve Of Gains And Losses On Financial Assets Measured At Fair Value Through Other Comprehensive Income ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome	-1002000000	eur
CY2021Q4	ifrs-full	Reserve Of Gains And Losses On Financial Assets Measured At Fair Value Through Other Comprehensive Income ReserveOfGainsAndLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome	436000000	eur
CY2023Q4	san	Other Reserves Other Comprehensive Income Before Tax Hedging Instruments Not Designated OtherReservesOtherComprehensiveIncomeBeforeTaxHedgingInstrumentsNotDesignated	0	eur
CY2022Q4	san	Other Reserves Other Comprehensive Income Before Tax Hedging Instruments Not Designated OtherReservesOtherComprehensiveIncomeBeforeTaxHedgingInstrumentsNotDesignated	0	eur
CY2021Q4	san	Other Reserves Other Comprehensive Income Before Tax Hedging Instruments Not Designated OtherReservesOtherComprehensiveIncomeBeforeTaxHedgingInstrumentsNotDesignated	0	eur
CY2023Q4	san	Other Reserves Non Current Assets Held For Sale That May Be Reclassified To Profit Or Loss Net Of Tax OtherReservesNonCurrentAssetsHeldForSaleThatMayBeReclassifiedToProfitOrLossNetOfTax	0	eur
CY2022Q4	san	Other Reserves Non Current Assets Held For Sale That May Be Reclassified To Profit Or Loss Net Of Tax OtherReservesNonCurrentAssetsHeldForSaleThatMayBeReclassifiedToProfitOrLossNetOfTax	0	eur
CY2021Q4	san	Other Reserves Non Current Assets Held For Sale That May Be Reclassified To Profit Or Loss Net Of Tax OtherReservesNonCurrentAssetsHeldForSaleThatMayBeReclassifiedToProfitOrLossNetOfTax	0	eur
CY2023Q4	san	Amount Recognised In Other Comprehensive Income And Subject To Reclassification To Profit Or Loss Relating To Investments In Associated Entities AmountRecognisedInOtherComprehensiveIncomeAndSubjectToReclassificationToProfitOrLossRelatingToInvestmentsInAssociatedEntities	-319000000	eur
CY2022Q4	san	Amount Recognised In Other Comprehensive Income And Subject To Reclassification To Profit Or Loss Relating To Investments In Associated Entities AmountRecognisedInOtherComprehensiveIncomeAndSubjectToReclassificationToProfitOrLossRelatingToInvestmentsInAssociatedEntities	-384000000	eur
CY2021Q4	san	Amount Recognised In Other Comprehensive Income And Subject To Reclassification To Profit Or Loss Relating To Investments In Associated Entities AmountRecognisedInOtherComprehensiveIncomeAndSubjectToReclassificationToProfitOrLossRelatingToInvestmentsInAssociatedEntities	-468000000	eur
CY2023	ifrs-full	Other Comprehensive Income Before Tax Gains Losses On Remeasurements Of Defined Benefit Plans OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans	-1038000000	eur
CY2023	san	Increase Decrease Through Changes In Value Recognized In Equity Provisions IncreaseDecreaseThroughChangesInValueRecognizedInEquityProvisions	944000000	eur
CY2023	ifrs-full	Increase Decrease In Net Defined Benefit Liability Asset Resulting From Miscellaneous Other Changes IncreaseDecreaseInNetDefinedBenefitLiabilityAssetResultingFromMiscellaneousOtherChanges	-94000000	eur
CY2023Q4	san	Reserve Of Hedge Of Net Investments In Foreign Operations Effective Portion And Exchange Differences On Translation ReserveOfHedgeOfNetInvestmentsInForeignOperationsEffectivePortionAndExchangeDifferencesOnTranslation	-28194000000	eur
CY2022Q4	san	Reserve Of Hedge Of Net Investments In Foreign Operations Effective Portion And Exchange Differences On Translation ReserveOfHedgeOfNetInvestmentsInForeignOperationsEffectivePortionAndExchangeDifferencesOnTranslation	-27170000000	eur
CY2021Q4	san	Reserve Of Hedge Of Net Investments In Foreign Operations Effective Portion And Exchange Differences On Translation ReserveOfHedgeOfNetInvestmentsInForeignOperationsEffectivePortionAndExchangeDifferencesOnTranslation	-28170000000	eur
CY2023	ifrs-full	Disclosure Of Issued Capital Explanatory DisclosureOfIssuedCapitalExplanatory	Issued capital<div style="margin-bottom:6pt;margin-top:9pt"><span id="i55215ff83f8b4bc997d0da279adbca8a"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">a) Changes</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At 31 December 2020, Banco Santander's share capital consisted of EUR 8,670 million, represented by 17,340,641,302 shares of EUR 0.50 of nominal value each and all of them of a unique class and series.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Likewise, at 31 December 2021, Banco Santander's share capital consisted of EUR 8,670 million, represented by 17,340,641,302 shares of EUR 0.50 of nominal value each and all of them of a unique class and series.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">On 1 April 2022, there was a capital reduction amounting to EUR 129,965,136.50 through the redemption of 259,930,273 shares, corresponding to the share buyback program carried out in 2021. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Likewise, on 28 June 2022, Banco Santander decreased its capital by an amount of EUR 143,154,722.50 through the redemption of 286,309,445 shares, corresponding to the share buyback program carried out during the first half of 2022.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Therefore, at 31 December 2022, Banco Santander's share capital consisted of EUR 8,397 million, represented by 16,794,401,584 shares of EUR 0.50 of nominal value each and all of them of a unique class and series. It includes 340,406,572 shares corresponding to the first 2022 share buyback program.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">On 21 March 2023, there was a capital reduction amounting EUR 170,203,286 through the redemption of 340,406,572 shares, corresponding to the share buyback program carried out in 2022 and ended in January 2023. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Likewise, on 30 June 2023, there was a capital reduction of EUR 134,924,476.50 through the redemption of 269,848,953 shares, corresponding to the share buyback program during the first half of 2023.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Aforementioned operations have not entailed the return of contributions to the shareholders as Banco Santander was the owner of the redeemed shares.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Therefore, Banco Santander's share capital at 31 December 2023 consisted of EUR 8,092 million, represented by 16,184,146,059 shares of EUR 0.50 of nominal value each and all of them of a unique class and series; including 286,842,316 shares corresponding to the first buyback program of 2023. (See note 1.g.).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Banco Santander’s shares are listed on the Spanish Stock Market Interconnection System and on the New York, London and Warsaw Stock Exchanges, and all of them have the same features and rights. Santander shares are listed on the London Stock Exchange under Crest Depository Interest (CDI), each CDI representing one Bank’s share. They are also listed on the New York Stock Exchange under American Depositary Shares (ADS), each ADS representing one share. Additionally, Banco Santander's shares were listed on the traditional listing of the Mexican Stock Exchange (BMV) and since 29 December 2023, they were listed only in the International Quotation System of said stock exchange.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">As of 31 December 2023, no Banco Santander shareholder individually held more than 3% of its total share capital (which is the threshold generally provided for in Spanish regulations for mandatory notification of a significant participation in a listed company). Even though at 31 December 2023, certain custodians appeared in our shareholder registry as holding more than 3% of our share capital, we understand that those shares were held in custody on behalf of other investors, none of whom exceeded that threshold individually. These custodians were State Street Bank (14.97%),Chase Nominees Limited (6.89%), The Bank of New York Mellon Corporation (5.98%), Citibank New York (3.87%), BNP (3.09%).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At 31 December 2023, neither Banco Santander's shareholder registry nor the CNMV's registry showed any shareholder residing in a non-cooperative jurisdiction with a shareholding equal to, or greater than, 1% of our share capital (which is the other threshold applicable under Spanish regulations).</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i0f88aa0d19204fd680620f773a79ae7f"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:130%">b) Other considerations</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:119%">Under Spanish law, only shareholders at the general meeting have the authority to increase share capital. However, they may delegate the authority to approve or execute capital increases to the board of directors. Banco Santander´s Bylaws are fully aligned with Spanish law and do not establish any different conditions for share capital increases.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At 31 December 2023 the shares of the following companies were listed on official stock mark</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">ets: Banco Santander Argentina S.A.; Banco Santander - Chile; Banco Santander (Brasil) S.A. and Santander Bank Polska S.A. </span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At 31 Decemb</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">er 2023 the number of Banco Santander shares owned by third parties and managed by Group management companies (mainly portfolio, collective investment undertaking and pension fund managers) or jointly managed was 36 million shares, which represented 0.22% of Banco Santander’s share capital (50 and 45 million shares, representing 0.30% and 0.26% of the share capital in 2022 and 2021, respectively). In addition, the number of Banco Santander shares owned by third parties and received as security was 159 million shares (equal to 0.98% of the Bank’s share capital).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At 31 December 2023 the capital increases in progress at Group companies and the additional capital authorised by their shareholders at the respective general meetings were not material at Group level (see appendix V).</span></div>
CY2020Q4	ifrs-full	Issued Capital IssuedCapital	8670000000	eur
CY2021Q4	ifrs-full	Issued Capital IssuedCapital	8670000000	eur
CY2021Q4	ifrs-full	Number Of Shares Outstanding NumberOfSharesOutstanding	17340641302	shares
CY2020Q4	ifrs-full	Number Of Shares Outstanding NumberOfSharesOutstanding	17340641302	shares
CY2020Q4	ifrs-full	Par Value Per Share ParValuePerShare	0.50
CY2021Q4	ifrs-full	Par Value Per Share ParValuePerShare	0.50
CY2020Q4	ifrs-full	Issued Capital IssuedCapital	8670000000	eur
CY2021Q4	ifrs-full	Issued Capital IssuedCapital	8670000000	eur
CY2021Q4	ifrs-full	Number Of Shares Outstanding NumberOfSharesOutstanding	17340641302	shares
CY2020Q4	ifrs-full	Number Of Shares Outstanding NumberOfSharesOutstanding	17340641302	shares
CY2020Q4	ifrs-full	Par Value Per Share ParValuePerShare	0.50
CY2021Q4	ifrs-full	Par Value Per Share ParValuePerShare	0.50
CY2022Q4	ifrs-full	Issued Capital IssuedCapital	8397000000	eur
CY2022Q4	ifrs-full	Number Of Shares Outstanding NumberOfSharesOutstanding	16794401584	shares
CY2022Q4	ifrs-full	Par Value Per Share ParValuePerShare	0.50
CY2023Q4	ifrs-full	Issued Capital IssuedCapital	8092000000	eur
CY2023Q4	ifrs-full	Number Of Shares Outstanding NumberOfSharesOutstanding	16184146059	shares
CY2023Q4	ifrs-full	Par Value Per Share ParValuePerShare	0.50
CY2023Q4	san	Crest Depositary Interest Share Equivalent CrestDepositaryInterestShareEquivalent	1	shares
CY2023Q4	san	American Depositary Receipt Share Equivalent AmericanDepositaryReceiptShareEquivalent	1	shares
CY2023Q4	san	Percentage Of Equity Interests Held By Significant Shareholders Minimum Threshold PercentageOfEquityInterestsHeldBySignificantShareholdersMinimumThreshold	0.03
CY2023Q4	san	Percentage Of Equity Interests Held By Significant Shareholders Minimum Threshold PercentageOfEquityInterestsHeldBySignificantShareholdersMinimumThreshold	0.03
CY2023	san	Percentage Of Equity Interests Held By A Single Shareholder Residing In Tax Haven Minimum Threshold PercentageOfEquityInterestsHeldByASingleShareholderResidingInTaxHavenMinimumThreshold	0.01
CY2023Q4	san	Number Of Shares Owned By Third Parties Managed By Group Management Companies NumberOfSharesOwnedByThirdPartiesManagedByGroupManagementCompanies	36000000	shares
CY2023Q4	san	Shares Owned By Third Parties Managed By Group Management Companies As Percentage Of Total Share Capital SharesOwnedByThirdPartiesManagedByGroupManagementCompaniesAsPercentageOfTotalShareCapital	0.0022
CY2022Q4	san	Number Of Shares Owned By Third Parties Managed By Group Management Companies NumberOfSharesOwnedByThirdPartiesManagedByGroupManagementCompanies	50000000	shares
CY2021Q4	san	Number Of Shares Owned By Third Parties Managed By Group Management Companies NumberOfSharesOwnedByThirdPartiesManagedByGroupManagementCompanies	45000000	shares
CY2022Q4	san	Shares Owned By Third Parties Managed By Group Management Companies As Percentage Of Total Share Capital SharesOwnedByThirdPartiesManagedByGroupManagementCompaniesAsPercentageOfTotalShareCapital	0.0030
CY2021Q4	san	Shares Owned By Third Parties Managed By Group Management Companies As Percentage Of Total Share Capital SharesOwnedByThirdPartiesManagedByGroupManagementCompaniesAsPercentageOfTotalShareCapital	0.0026
CY2023Q4	san	Number Of Shares Owned By Third Parties Received As Security NumberOfSharesOwnedByThirdPartiesReceivedAsSecurity	159000000	shares
CY2023Q4	san	Shares Owned By Third Parties Received As Security As Percentage Of Total Share Capital SharesOwnedByThirdPartiesReceivedAsSecurityAsPercentageOfTotalShareCapital	0.0098
CY2022	san	Increase Decrease In Net Issue Premium IncreaseDecreaseInNetIssuePremium	-1433000000	eur
CY2022	san	Redemption Of Treasury Shares Purchase Value RedemptionOfTreasurySharesPurchaseValue	1706000000	eur
CY2022	san	Redemption Of Treasury Shares Par Value RedemptionOfTreasurySharesParValue	273000000	eur
CY2022	san	Redemption Of Treasury Shares Par Value RedemptionOfTreasurySharesParValue	273000000	eur
CY2023	san	Increase Decrease In Net Issue Premium IncreaseDecreaseInNetIssuePremium	-1595000000	eur
CY2023	san	Redemption Of Treasury Shares Purchase Value RedemptionOfTreasurySharesPurchaseValue	1900000000	eur
CY2023	san	Redemption Of Treasury Shares Par Value RedemptionOfTreasurySharesParValue	305000000	eur
CY2023	san	Redemption Of Treasury Shares Par Value RedemptionOfTreasurySharesParValue	305000000	eur
CY2023	ifrs-full	Disclosure Of Reserves And Other Equity Interest Explanatory DisclosureOfReservesAndOtherEquityInterestExplanatory	Accumulated retained earnings<div style="margin-bottom:6pt;margin-top:9pt"><span id="i22eac0bc758347ad8a306ec7eff4218b"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">a) Definitions</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The balance of 'Equity - Accumulated gains and Other reserves' includes the net amount of the accumulated results (profits or losses) recognised in previous years through the consolidated income statement which in the profit distribution were allocated in equity, the expenses of own equity instrument issues, the differences between the amount for which the treasury shares are sold and their acquisition price, as well as the net amount of the results accumulated in previous years, generated by the result of non-current assets held for sale, recognised through the consolidated income statement.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i9517c28961a4491b9a095f82eb08407f"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">b) Breakdown</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The detail of Accumulated retained earnings and Reserves of entities accounted for using the equity method is as follows:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:59.085%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.171%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.171%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.173%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Restricted reserves</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,899</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,798</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,543</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Legal reserve</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,618 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,734 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,734 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Own shares</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">649 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">737 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">755 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Revaluation reserve Royal Decree-Law 7/1996</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Reserve for retired capital</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">589 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">284 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Unrestricted reserves</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,033</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,701</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,243</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Voluntary reserves</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,284 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,917 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,123 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Consolidation reserves attributable to the Bank</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,749 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(216)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,880)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Reserves of subsidiaries</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">47,669</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">49,196</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">47,438</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Reserves of entities accounted for using the equity method</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,762</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,553</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,572</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">68,363</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">61,248</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">55,796</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">The board of directors has proposed to the general shareholders' meeting the reclassification of the excess that the amount of the balance of the legal reserve account shows over the figure that is equivalent to 20% of the resulting share capital after the executed capital reductions, to be included in the voluntary reserves account.</span></div><div style="margin-bottom:3pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.48pt">In accordance with the commercial regulations in force in Spain.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i8007ba46f74a4ebaa4025787f85b1806"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">i. Legal reserve</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Under the Consolidated Spanish Corporate Enterprises Act, 10% of net profit for each year must be transferred to the legal reserve. These transfers must be made until the balance of this reserve reaches 20% of the share capital. The legal reserve can be used to increase capital provided that the remaining reserve balance does not fall below 10% of the increased share capital amount.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Consequently, once again, after the capital increases described in note 31 had been carried out, the balance of the legal reserve met the percentage of 20% of the share capital, and at 31 December 2023 the Legal reserve was at the stipulated level.</span></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="id7dbdc91a1674eaaa89f4160f29e9fc4"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">ii. Reserve for treasury shares</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">According to the Corporate Enterprises Act, an unavailable reserve equivalent to the amount for which Banco Santander's shares owned by subsidiaries are recorded. This reservation shall be freely available when the circumstances which have obliged its constitution disappear. In addition, this reserve covers the outstanding balance of loans granted by the Group with Banco Santander's share guarantee and the amount equivalent to the credits granted by the Group companies to third parties for the acquisition of own shares.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i004a3a5a3734494590d33ad26a7b96fe"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">iii. Revaluation reserve Royal Decree Law 7/1996, of 7 June</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The balance of Revaluation reserve Royal Decree-Law 7/1996 can be used, free of tax, to increase share capital. From 1 January 2007, the balance of this account can be taken to unrestricted reserves, provided that the monetary surplus has been realised. The surplus will be deemed to have been realised in respect of the portion on which depreciation has been taken for accounting purposes or when the revalued assets have been transferred or derecognised.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">If the balance of this reserve were used in a manner other than that provided for in Royal Decree law 7/1996, of 7 June, it would be subject to taxation.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i3458277c13044c46befd29010c071179"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">iv. Reserves of subsidiaries</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The detail, by company, of Reserves of subsidiaries, based on the companies’ contribution to the Group (considering the effect of consolidation adjustments) is as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:93.007%"><tr><td style="width:1.0%"></td><td style="width:56.184%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.138%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.138%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.140%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander (Brasil) S.A. (Consolidated Group)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,512 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,663 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,325 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander UK Group</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,700 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,358 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,558 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,684 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,437 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,753 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Consumer Finance Group</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,344 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,858 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,502 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander - Chile</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,112 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,875 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,194 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander Argentina S.A.</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,813 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,527 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,318 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander Totta, S.A. (Consolidated Group)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,626 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,297 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,940 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Bank Polska S.A.</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,535 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,140 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,990 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Grupo Santander Holdings USA</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,893 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,324 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,913 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Investment, S.A.</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,215 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,316 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,307 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Seguros y Reaseguros, Compañía Aseguradora, S.A.</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,044 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,050 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">869 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander International SA (former Banco Santander (Suisse) S.A)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">346 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">310 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">277 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other companies and consolidation adjustments</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,155)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,959)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,508)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">47,669</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">49,196</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">47,438</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which, restricted</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,870 </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,614 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,392 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div></div>
CY2023	san	Percentage Of Share Capital Required To Be Maintained In Legal Reserve PercentageOfShareCapitalRequiredToBeMaintainedInLegalReserve	0.20
CY2023	san	Percentage Of Annual Net Profit Required To Be Transferred To Legal Reserve PercentageOfAnnualNetProfitRequiredToBeTransferredToLegalReserve	0.10
CY2023	san	Percentage Of Share Capital Required To Be Maintained In Legal Reserve PercentageOfShareCapitalRequiredToBeMaintainedInLegalReserve	0.20
CY2023	san	Minimum Percentage Of Increased Share Capital Required To Be Maintained In Legal Reserve MinimumPercentageOfIncreasedShareCapitalRequiredToBeMaintainedInLegalReserve	0.10
CY2023	san	Percentage Of Share Capital Required To Be Maintained In Legal Reserve PercentageOfShareCapitalRequiredToBeMaintainedInLegalReserve	0.20
CY2023Q4	san	Reserves Of Subsidiaries ReservesOfSubsidiaries	47669000000	eur
CY2022Q4	san	Reserves Of Subsidiaries ReservesOfSubsidiaries	49196000000	eur
CY2021Q4	san	Reserves Of Subsidiaries ReservesOfSubsidiaries	47438000000	eur
CY2023Q4	san	Reserves Of Subsidiaries Restricted ReservesOfSubsidiariesRestricted	3870000000	eur
CY2022Q4	san	Reserves Of Subsidiaries Restricted ReservesOfSubsidiariesRestricted	3614000000	eur
CY2021Q4	san	Reserves Of Subsidiaries Restricted ReservesOfSubsidiariesRestricted	3392000000	eur
CY2023Q4	san	Non Managed Marketed Funds NonManagedMarketedFunds	50036000000	eur
CY2022Q4	san	Non Managed Marketed Funds NonManagedMarketedFunds	48379000000	eur
CY2023	ifrs-full	Disclosure Of Treasury Shares Explanatory DisclosureOfTreasurySharesExplanatory	Other equity instruments and own shares<div style="margin-bottom:6pt;margin-top:9pt"><span id="i6f5e4238d9f14d58842f77a0f5844439"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">a) Equity instruments issued not capital and other equity instruments</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Other equity instruments includes the equity component of compound financial instruments, the increase in equity due to personnel remuneration, and other items not recognised in other “Shareholders’ equity” items.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">On 8 September 2017, Banco Santander, S.A. issued contingent redeemable perpetual bonds (the fidelity bonds) amounting to EUR 981 million nominal value EUR -686 million fair value. On 31 December 2023 amounted to EUR 720 million.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Additionally, at 31 December 2023 the Group had other equity instruments amounting to EUR 195 million.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i08821b70be5b476d9c1f2acccc598342"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:130%">b) Own shares </span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:9pt;font-weight:400;line-height:130%">'</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Shareholders’ equity - Own shares' includes the amount of own equity instruments held by all the Group entities.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Transactions involving own equity instruments, including their issuance and cancellation, are recognised directly in equity, and no profit or loss may be recognised on these transactions. The costs of any transaction involving own equity instruments are deducted directly from equity, net of any related tax effect.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At 31 December 2021, the number of treasury shares held by the Group was 277,591,940 (1.60% of the issued share capital).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">During 2022, 713,359,786 shares of the Bank were acquired at an average price of EUR 2.87 per share, of which 286,309,445 relate to the Share Buyback Program carried out during the first half of 2022, and 220,942,806 relate to the Share Buyback Program started on November 22. Likewise, 546,239,718 shares were amortised (note 31) and 201,022,983 shares at an average price of EUR 2.85 per share were transferred, of which 36,700,000 shares correspond to two donations made by Banco Santander to Fundación Banco Santander with extraordinary character.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At 31 December 2022, the number of treasury shares held by the Group was 243,689,025 (1.45% of the issued share capital).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">During 2023, 911,293,677 shares of the Bank were acquired at an average price of EUR 3.41 per share, of which 389,312,719 relate to the Share Buyback Program carried out during the first half of 2023, and 286,842,316 relate to the new Share Buyback Program started on September. Likewise, 610,255,525 shares were amortised (note 31) and 246,911,504 shares at an average price of EUR 3.34 per share have been transferred, of which 6,617,008 shares correspond to the donation made by Banco Santander to Fundación Banco Santander with extraordinary character.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At 31 December 2023, the Group holds 297,815,673 shares of the Bank's issued share capital (1.84%).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The effect on equity, net of tax, arising from the purchase and sale of Bank shares is of EUR 13 million profit in 2023 (EUR 7 million and EUR 23 million profit in 2022 and 2021, respectively).</span></div>
CY2017Q3	san	Nominal Value Of Equity Component Of Convertible Instruments NominalValueOfEquityComponentOfConvertibleInstruments	981000000	eur
CY2017Q3	ifrs-full	Reserve Of Equity Component Of Convertible Instruments ReserveOfEquityComponentOfConvertibleInstruments	686000000	eur
CY2021Q4	san	Treasury Shares Held By The Group Percentage Of Issued Share Capital TreasurySharesHeldByTheGroupPercentageOfIssuedShareCapital	0.0160
CY2022	san	Purchase Of Treasury Shares Number Of Shares PurchaseOfTreasurySharesNumberOfShares	713359786	shares
CY2022	san	Weighted Average Share Purchase Price WeightedAverageSharePurchasePrice	2.87
CY2022	san	Treasury Shares Number Of Shares Amortized TreasurySharesNumberOfSharesAmortized	546239718	shares
CY2022	san	Treasury Shares Number Of Shares Transferred TreasurySharesNumberOfSharesTransferred	201022983	shares
CY2022	san	Weighted Average Share Selling Price WeightedAverageShareSellingPrice	2.85
CY2022	san	Treasury Shares Number Of Shares Transferred Through Donations TreasurySharesNumberOfSharesTransferredThroughDonations	36700000	shares
CY2022	san	Number Of Extraordinary Donations NumberOfExtraordinaryDonations	2	donation
CY2022Q4	san	Treasury Shares Held By The Group Percentage Of Issued Share Capital TreasurySharesHeldByTheGroupPercentageOfIssuedShareCapital	0.0145
CY2023	san	Purchase Of Treasury Shares Number Of Shares PurchaseOfTreasurySharesNumberOfShares	911293677	shares
CY2023	san	Weighted Average Share Purchase Price WeightedAverageSharePurchasePrice	3.41
CY2023	san	Treasury Shares Number Of Shares Amortized TreasurySharesNumberOfSharesAmortized	610255525	shares
CY2023	san	Treasury Shares Number Of Shares Transferred TreasurySharesNumberOfSharesTransferred	246911504	shares
CY2023	san	Weighted Average Share Selling Price WeightedAverageShareSellingPrice	3.34
CY2023	san	Treasury Shares Number Of Shares Transferred Through Donations TreasurySharesNumberOfSharesTransferredThroughDonations	6617008	shares
CY2023Q4	san	Treasury Shares Held By The Group Percentage Of Issued Share Capital TreasurySharesHeldByTheGroupPercentageOfIssuedShareCapital	0.0184
CY2023	san	Net Purchase Sale Of Treasury Shares NetPurchaseSaleOfTreasuryShares	13000000	eur
CY2022	san	Net Purchase Sale Of Treasury Shares NetPurchaseSaleOfTreasuryShares	7000000	eur
CY2021	san	Net Purchase Sale Of Treasury Shares NetPurchaseSaleOfTreasuryShares	23000000	eur
CY2023	ifrs-full	Disclosure Of Commitments And Contingent Liabilities Explanatory DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory	Memorandum items<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Memorandum items relates to balances representing rights, obligations and other legal situations that in the future may have an impact on net assets, as well as any other balances needed to reflect all transactions performed by the consolidated entities although they may not impinge on their net assets.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i642904f5be64492ba603c9f84abdf9e3"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">a) Guarantees and contingent commitments granted</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:119%">Contingent liabilities includes all transactions under which an entity guarantees the obligations of a third party and which result from financial guarantees granted by the entity or from other types of contracts. The detail is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:51.677%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.643%"></td><td style="width:0.1%"></td></tr><tr style="height:15pt"><td colspan="12" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#424242;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loans commitment granted</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">279,589</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">274,075</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">262,737</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which impaired</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">406 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">653 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">615 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial guarantees granted</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,435</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,856</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,758</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which impaired</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">578 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">521 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">188 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial guarantees</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,400 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,813 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,715 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit derivatives sold</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other commitments granted</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">113,273</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">92,672</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">75,733</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which impaired</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">542 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">608 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">781 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Technical guarantees</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">57,363 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50,508 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,158 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">55,910 </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42,164 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35,575 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The breakdown as at 31 December 2023 of the exposures and the provision fund out of balance sheet by impairment stage is EUR 398,243 million and EUR 302 million (EUR 370,729 million and EUR 331 million in 2022 and EUR 337,113 million and EUR 372 million in 2021) in stage 1, EUR 8,528 million and EUR 174 million (EUR 7,092 million and EUR 191 million in 2022 and EUR 10,531 million and EUR 200 million in 2021) in stage 2 and EUR 1,526 million and EUR 226 million (EUR 1,782 million and EUR 212 million in 2022 and EUR 1,584 million and EUR 161 million in 2021) in stage 3, respectively. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Income from guarantee instruments is recognised under 'Fee and commission income' in the consolidated income statements and is calculated by applying the rate established in the related contract to the nominal amount of the guarantee.</span></div><div style="margin-top:9pt"><span id="i0913d717f8a140e880a751b83ff50515"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:130%">i. Loan commitments granted</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Loan commitments granted: firm commitments of grating of credit under predefined terms and conditions, except for those that comply with the definition of derivatives as these can be settled in cash or through the delivery of issuance of another financial instrument. They include stand-by credit lines and long-term deposits.</span></div><div style="margin-top:9pt"><span id="ibe1b6266f8f44138b3293594db3418cb"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:130%">ii. Financial guarantees granted</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Financial guarantees includes, inter alia, financial guarantee contracts such as financial bank guarantees, credit derivatives sold, and risks arising from derivatives arranged for the account of third parties.</span></div><div style="margin-top:9pt"><span id="i5ba9cfca96bb4fcb83639fbef0880a34"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:130%">iii. Other commitments granted</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Other contingent liabilities include all commitments that could give rise to the recognition of financial assets not included in the above items, such as technical guarantees and guarantees for the import and export of goods and services.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i912e88af3ea64a32a2e9cf271c50bfc3"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">b) Memorandum items</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ifaa757da2d2c4a30adc74968e0a69027"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">i. Off-balance-sheet funds under management</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The detail of off-balance-sheet funds managed by the Group and by joint ventures is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:50.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.949%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.949%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.951%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Investment funds</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">165,174 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">142,189 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">145,987 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pension funds</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,831 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,021 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,078 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Assets under management</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29,732 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,670 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,862 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">209,737</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">181,880</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">186,927</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i7f5ba62b17844731bd08c903217a6664"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">ii. Non-managed marketed funds</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Additionally, at 31 December 2023 there are non-managed marketed funds totalling EUR 50,036 million (EUR 48,379 million and EUR 48,385 million at 31 December 2022 and 2021, respectively).</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="idd2a26b4092340ffb37d4670ee54b797"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:130%">c) Third-party securities held in custody</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At 31 December 2023 the Group held in custody debt securities and equity instruments totalling EUR 268,338 million (EUR 231,263 million and EUR 236,153 million at 31 December 2022 and 2021, respectively) entrusted to it by third parties.</span></div>
CY2023	ifrs-full	Disclosure Of Contingent Liabilities Explanatory DisclosureOfContingentLiabilitiesExplanatory	The detail is as follows:<div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:51.677%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.643%"></td><td style="width:0.1%"></td></tr><tr style="height:15pt"><td colspan="12" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#424242;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loans commitment granted</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">279,589</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">274,075</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">262,737</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which impaired</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">406 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">653 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">615 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial guarantees granted</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,435</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,856</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,758</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which impaired</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">578 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">521 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">188 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial guarantees</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,400 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,813 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,715 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit derivatives sold</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other commitments granted</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">113,273</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">92,672</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">75,733</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which impaired</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">542 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">608 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">781 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Technical guarantees</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">57,363 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50,508 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,158 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">55,910 </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42,164 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35,575 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div>
CY2023Q4	san	Off Balance Sheet Assets Managed By The Entity And By Joint Ventures OffBalanceSheetAssetsManagedByTheEntityAndByJointVentures	209737000000	eur
CY2022Q4	san	Off Balance Sheet Assets Managed By The Entity And By Joint Ventures OffBalanceSheetAssetsManagedByTheEntityAndByJointVentures	181880000000	eur
CY2021Q4	san	Off Balance Sheet Assets Managed By The Entity And By Joint Ventures OffBalanceSheetAssetsManagedByTheEntityAndByJointVentures	186927000000	eur
CY2021Q4	san	Non Managed Marketed Funds NonManagedMarketedFunds	48385000000	eur
CY2023Q4	san	Third Party Debt Securities And Equity Instruments Held In Custody ThirdPartyDebtSecuritiesAndEquityInstrumentsHeldInCustody	268338000000	eur
CY2022Q4	san	Third Party Debt Securities And Equity Instruments Held In Custody ThirdPartyDebtSecuritiesAndEquityInstrumentsHeldInCustody	231263000000	eur
CY2021Q4	san	Third Party Debt Securities And Equity Instruments Held In Custody ThirdPartyDebtSecuritiesAndEquityInstrumentsHeldInCustody	236153000000	eur
CY2023	ifrs-full	Disclosure Of General Hedge Accounting Explanatory DisclosureOfGeneralHedgeAccountingExplanatory	Hedging derivatives<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander, within its financial risk management strategy, and in order to reduce asymmetries in the accounting treatment of its operations, enters into hedging derivatives on interest, exchange rate, credit risk or variation of stock prices, depending on the nature of the risk covered.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Based on its objective, Grupo Santander classifies its hedges in the following categories:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Cash flow hedges: cover the exposure to the variation of the cash flows associated with an asset, liability or a highly probable forecast transaction. This cover the variable-rate issues in foreign currencies, fixed-rate issues in non-local currency, variable-rate interbank financing and variable-rate assets (bonds, commercial loans, mortgages, etc.).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Fair value hedges: cover the exposure to the variation in the fair value of assets or liabilities, attributable to an identified and hedged risk. This covers the interest risk of assets or liabilities (bonds, loans, bills, issues, deposits, etc.) with coupons or fixed interest rates, interests in entities, issues in foreign currencies and deposits or other fixed rate liabilities.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Hedging of net investments abroad: cover the exchange rate risk of the investments in subsidiaries domiciled in a country with a different currency from the functional one of the Group.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The following tables contains the detail of the hedging derivatives according to the type of hedging, the hedge risk and the main products used as of 31 December 2023, 2022 and 2021:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:31.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.644%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million </span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="12" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Carrying amount</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Nominal value</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Changes in fair value used for calculating hedge ineffectiveness</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance sheet line items</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">241,792</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,661</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,231</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,869)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">225,377</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,280</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,644</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,684)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">92,491 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,671 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,236 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(47)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Call money swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">122,891 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">344 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,226 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,824)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,331</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">24</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(98)</span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Fx forward</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,913 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">15 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">24 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(11)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Future interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,418 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(87)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,084</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">366</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">563</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(87)</span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,218 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">82 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">59 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Call money swap</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,093 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">97 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(39)</span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9,773 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">357 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">384 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(107)</span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">157,796</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,575</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,889</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,828</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">97,780</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">913</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,246</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,181</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Future interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,020 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">37,864 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">403 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">948 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,188 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Call money swap</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">53,705 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">469 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">266 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,000 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">34,823</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,001</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">663</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(498)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX forward</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11,160 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">502 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">241 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">43 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20,043 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">446 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">397 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(537)</span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,217</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">484</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">74</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(98)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,847 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(45)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">227 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9,370 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">484 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">119 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(325)</span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Inflation risk</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,908</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">155</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">906</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">234</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12,495 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">153 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">906 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">240 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Equity risk</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">68</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Option</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">68 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">22 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedges of net investments in foreign operations</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,706</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">61</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">536</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,888)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,706</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">61</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">536</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,888)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX forward</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">18,706 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">61 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">536 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,888)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">418,294</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,297</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,656</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,929)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.652%"><tr><td style="width:1.0%"></td><td style="width:29.960%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.839%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.839%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.839%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.960%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.963%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="12" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Carrying amount</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Nominal value</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Changes in fair value used for calculating hedge ineffectiveness</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance sheet line items</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">214,473</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,095</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,630</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,351</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">190,513</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,405</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,239</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,554</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">87,477 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,950 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,203 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(716)</span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Call money swap</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">88,059 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,367 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">623 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,468 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,492</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">147</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">25</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(9)</span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX forward</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,745 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">147 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">25 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(36)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Future interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">747 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">27 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19,412</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">543</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">366</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">805</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9,522 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">266 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">286 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(61)</span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Future interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,679 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">261 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">922 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">905 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">80 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(79)</span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit risk</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">56</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">CDS</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">56 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">149,756</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,730</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,767</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(519)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">81,626</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">137</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,325</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,461)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Future interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,027 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">51 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">55,886 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">59 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,494 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,439)</span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Call money swap</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20,784 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">49 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(184)</span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,151)</span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">34,973</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,358</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">746</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,760</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX forward</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10,754 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">267 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">172 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">773 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20,005 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">951 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">455 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">982 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,175</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,046</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">292</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(80)</span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,361 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">161 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(333)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12,814 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,046 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">131 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">249 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Inflation risk</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,924</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">180</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,403</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">261</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14,096 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">179 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,364 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">241 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Equity risk</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">58</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Option</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">58 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt 0 7.75pt"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedges of net investments in foreign operations</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22,614</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">244</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">831</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,467)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22,614</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">244</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">831</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,467)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX forward</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">22,614 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">244 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">831 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(2,467)</span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt 0 7.75pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">386,843</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,069</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,228</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">364</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:29.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.492%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.718%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="12" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Carrying amount</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Nominal value</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Changes in fair value used for calculating hedge ineffectiveness</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance sheet line items</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">206,957</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,528</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,656</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,079</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">176,176</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,227</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,778</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">591</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">66,904 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,668 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">920 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(377)</span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Call money swap</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">97,321 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">734 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">714 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">21,238</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">423</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">287</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Fx forward</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13,909 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">423 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">22 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Future interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,329 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">265 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,326</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">294</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">452</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">200</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,397 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">281 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">443 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">192 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,650 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(7)</span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit risk</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">173</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Inflation risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">44</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">160,397</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,034</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,157</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,703)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">99,648</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">156</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">420</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(526)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Futures</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,652 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(155)</span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">69,471 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">70 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">155 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(212)</span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Call money swap</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">16,846 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">182 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(409)</span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">27,343</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">396</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">657</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(112)</span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX forward</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,381 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">280 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">42 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">26 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">15,004 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">100 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">606 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(133)</span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">21,609</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,425</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">400</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(815)</span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,604 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">95 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(112)</span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">17,005 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,330 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">393 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(702)</span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Inflation risk</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,741</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">52</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">679</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(247)</span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10,503 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">51 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">678 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(232)</span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Equity risk</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">56</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(3)</span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr style="height:14pt"><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedges of net investments in foreign operations</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">25,594</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">199</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">650</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,159)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">25,594</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">199</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">650</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,159)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX forward</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">25,594 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">199 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">650 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,159)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt 0 18.25pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">392,948</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,761</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,463</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,783)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Considering the main entities or groups within the Group by the weight of their hedging, the main types of hedging that are being carried out in Santander UK Group Holdings plc group and Banco Santander, S.A.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Santander UK Group Holdings plc group enters into fair value and cash flow hedging derivatives depending on the exposure of the underlying. Only designated risks are hedged and therefore other risks, such as credit risk, are managed but not hedged.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Within fair value hedges, Santander UK Group Holdings plc group has portfolios of assets and liabilities at fixed rate that are exposed to changes in fair value due to changes in market interest rates. These positions are managed by contracting mainly interest rate swaps. Effectiveness is assessed by comparing the changes in the fair value of these portfolios generated by the hedged risk with the changes in the fair value of the derivatives contracted.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Santander UK Group Holdings plc group also has access to international markets to obtain financing by issuing fixed-rate debt or investing in fixed rate debt of other issuers, in its functional currency and other currencies. As such, they are exposed to changes in interest rates and exchange rates, mainly in EUR and USD. This risk is mitigated with cross currency swaps e interest rate swaps in which they pay a fixed rate and receive a variable rate. Effectiveness is evaluated using linear regression techniques to compare changes in the fair value of the debt at interest and exchange rates with changes in the fair value of interest rate swaps or cross currency swaps.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Within the cash flow hedges, Santander UK Group Holdings plc group has portfolios of assets and liabilities at variable rates, normally at SONIA or BoE base rate. To mitigate this market rate variability risk, it contracts interest rate swaps.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">As Santander UK Group Holdings plc group obtains financing in the international markets, it assumes a significant exposure to currency risk mainly USD and EUR. In addition, it also holds debt securities for liquidity purposes which assume exposure mainly in JPY and CHF. To manage this exchange rate risk, Spot, Forward y Cross Currency Swap are contracted to match the cash flow profile and the maturity of the estimated interest and principal repayments of the hedged item. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Effectiveness is assessed by comparing changes in the fair value of the derivatives with changes in the fair value of the hedged item attributable to the hedged risk by applying a hypothetical derivative method using linear regression techniques.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In addition, within the hedges that cover equity risk, Santander UK Group Holdings plc group offers employees the opportunity to purchase shares of the Bank at a discount under the Sharesave Scheme, exposing the Bank to share price risk. As such, options are purchased allowing them to purchase shares at a pre-set price. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Banco Santander, S.A. covers the risks of its balance sheet in a variety of ways. On the one hand, documented as fair value hedges, it covers the interest rate and foreign exchange risk of fixed-income portfolios at a fixed rate (REPOs are included in this category). Resulting, in an exposure to changes in their fair value due to variations in market conditions based on the various risks hedged, which has an impact on Banco Santander's income statement. </span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">To mitigate these risks, Banco Santander contracts derivatives, mainly Interest Rate Swaps, Cross Currency Swaps, Cap&floors and Forex Forward. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">On the other hand, the interest and exchange rate risk of loans granted to corporate clients at a fixed rate or variable rate is covered. These hedges, are carried out through interest rate swaps, cross currency swaps and exchange rate derivatives (forex swaps and forex forward).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In addition, Banco Santander, S.A. manages the interest and exchange risk of debt issues in its various categories (issuing covered bonds, perpetual, subordinated and senior bond) and in different currencies, denominated at fixed rates, and therefore subject to changes in their fair value. These issues are covered through interest rate swaps and cross currency swaps.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The methodology used by Banco Santander, S.A. to measure the effectiveness of fair value hedges is based on comparing the market values of the hedged items (based on the objective risk of the hedge) and of the hedging instruments in order to analyse whether the changes in the market value of the hedged items are offset by the market value of the hedging instruments, thereby mitigating the hedged risk and minimizing volatility in the income statement. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Prospectively, the same analysis is performed, measuring the theoretical market values in the event of parallel variations in the market curves of a positive basis point.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">There is a macro hedge of structured loans in which the interest rate risk of fixed-rate loans (mortgage, personal or with other guarantees) granted to legal entities in commercial or corporate banking and wealth clients in the medium-long term is hedged. This hedge is instrumented as a macro hedge of fair value, the main hedging instruments being Interest Rate Swap and Cap&floors. In case of total or partial cancellation or early repayment, the customer is obliged to pay/receive the cost/income of the cancellation of the interest rate risk hedge managed by the Bank.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Regarding cash flow hedges, the objective is to hedge the cash flow exposure to changes in interest rates and exchange rates.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">For retrospective purposes, the hypothetical derivative methodology is used to measure effectiveness. By means of this methodology, the hedged risk is modelled as a derivative instrument -not real-, created exclusively for the purpose of measuring the effectiveness of the hedge, and which must comply with the fact that its main characteristics coincide with the critical terms of the hedged item throughout the period for which the hedging relationship is designated. This hypothetical derivative does not incorporate characteristics that are exclusive to the hedging instrument. Additionally, it is worth mentioning that any risk component not associated with the hedged objective risk and effectively documented at the beginning of the hedge is excluded for the purpose of calculating the effectiveness. The market value of the hypothetical derivative that replicates the hedged item is compared with the market value of the hedging instrument, verifying that the hedged risk is effectively mitigated and that the impact on the income statement due to potential ineffectiveness is residual.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Prospectively, the variations in the market values of the hedging instrument and the hedged item (represented by the hypothetical derivative) are measured in the event of parallel shifts of a positive basis point in the affected market curves.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">There is another macro-hedge, this time of cash flows, the purpose of which is to actively manage the risk-free interest rate risk (excluding credit risk) of a portion of the floating rate assets of Banco Santander, S.A., through the arrangement of interest rate derivatives whereby the bank exchanges floating rate interest flows for others at a fixed rate agreed at the time the transactions are arranged. The items affected by the Macro-hedging have been designated as those in which their cash flows are exposed to interest rate risk, specifically the floating rate mortgages of the Banco Santander, S.A. network referenced to Euribor 12 Months or Euribor Mortgage, with annual renewal of rates, classified as sound risk and which do not have a contractual floor (or, if not, this floor is not activated). The hedged position affecting the Macro Cash Flow Hedge at the present time is near to EUR 10,000 million. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Regarding net foreign investments hedges, basically, they are allocated in Banco Santander, S.A. and Santander Consumer Finance Group. Grupo Santander assumes as a priority risk management objective to minimize -to the limit determined by the Group's Financial Management- the impact on the calculation of the capital ratio of its permanent investments included within the Group's consolidation perimeter, and whose shares or equity interests are legally denominated in a currency other than that of the Group's parent company. For this purpose, financial instruments (generally derivatives) are contracted to hedge the impact on the capital ratio of changes in forward exchange rates. Grupo Santander mainly hedges the risk for the following currencies: BRL, CLP, MXN, CAD, COP, CNY, GBP, CHF, NOK, USD, PLN, UYU and PEN. The instruments used to hedge the risk of these investments are forex swaps, forex forward and spot currency purchases/sales.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">For this type of hedges, ineffectiveness scenarios are considered to be of low probability, given that the hedging instrument is designated considering the position determined and the spot rate at which the position is located.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The following table sets out the maturity profile of the hedging instruments used in Grupo Santander non-dynamic hedging strategies:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div></div></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:34.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.124%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"> </span></div></td><td colspan="18" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up to one month</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One to three months</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three months to one year</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One year to five years</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than five years</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,862</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,535</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">59,170</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">139,486</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">21,739</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">241,792</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,266</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,749</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">56,860</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">131,323</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17,179</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">225,377</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,013 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,104 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">16,045 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">59,952 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12,377 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">92,491 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Call money swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,163 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11,421 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">39,873 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">65,453 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,981 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">122,891 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">566</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">678</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">619</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">50</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,418</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,331</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Fx forward</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">566 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">678 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">619 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">50 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,913 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Future interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,418 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,418 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">30</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">108</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,691</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,113</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,142</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,084</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">321 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">535 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">362 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,218 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Call Money Swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">21 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">973 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">99 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,093 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">30 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">87 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,370 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,605 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,681 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9,773 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,873</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,149</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">43,913</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">83,291</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,570</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">157,796</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,467</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,859</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">30,846</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">53,038</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,570</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">97,780</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Future interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,020 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,020 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,191 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,876 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14,108 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">16,793 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">896 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">37,864 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Call money swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,050 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,553 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">15,755 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">31,942 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,405 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">53,705 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,655</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,087</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,607</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,711</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,763</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">34,823</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX forward</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,013 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,344 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,617 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,186 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11,160 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">642 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,209 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,990 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14,525 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">677 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20,043 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">407</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,547</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,270</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,187</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">806</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,217</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">80 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,575 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">192 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,847 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">407 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,467 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,270 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,612 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">614 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9,370 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Inflation risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">344</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">656</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,182</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,296</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,430</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,908</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">318 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">618 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,833 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,296 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,430 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12,495 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:105%">Equity risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">59</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">68</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Option</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">59 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">68 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedges of net investments in foreign operations:</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,303</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,940</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,463</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,706</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,303</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,940</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,463</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,706</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX forward</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,303 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,940 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9,463 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">18,706 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19,038</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">35,624</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">112,546</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">222,777</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">28,309</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">418,294</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:34.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.124%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"> </span></div></td><td colspan="18" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2022</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up to one month</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One to three months</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three months to one year</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One year to five years</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than five years</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,588</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,811</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">37,723</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">136,223</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">24,128</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">214,473</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,120</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,822</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">34,074</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">120,829</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">21,668</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">190,513</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,535 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,005 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,854 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">56,868 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">16,215 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">87,477 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Call money swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,492 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,039 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">23,511 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">54,786 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,231 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">88,059 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">556</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">741</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,448</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">747</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,492</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Fx forward</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">556 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">741 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,448 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,745 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Future interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">747 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">747 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">912</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">238</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,193</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,356</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,713</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19,412</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">912 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">238 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">788 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,188 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,396 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9,522 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">405 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">192 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">308 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">905 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Future interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,679 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,679 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">38</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">56</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">CDS</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">38 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">56 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,182</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,202</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">41,514</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">75,653</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,205</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">149,756</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,546</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,424</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">30,568</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">36,501</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,587</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">81,626</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Future interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,027 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,027 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,292 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,877 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">28,103 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20,568 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">46 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">55,886 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Call money swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,175 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,471 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,196 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14,728 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,214 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20,784 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,777</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,295</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,452</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19,940</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,509</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">34,973</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX forward</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,996 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,487 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,982 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,289 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10,754 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,313 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,809 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,470 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13,028 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,385 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20,005 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">182</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">509</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,982</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,294</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,208</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,175</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">659 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,468 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">234 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,361 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">182 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">509 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,323 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,826 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">974 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12,814 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Inflation risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">677</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,974</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,505</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,870</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,898</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,924</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">483 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">951 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,895 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,869 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,898 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14,096 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Equity risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">48</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">58</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Option</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">48 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">58 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedges of net investments in foreign operations:</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,249</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,393</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,972</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22,614</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,249</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,393</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,972</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22,614</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX forward</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,249 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,393 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14,972 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">22,614 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19,019</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">30,406</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">94,209</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">211,876</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31,333</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">386,843</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:34.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.124%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="18" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2021</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up to one month</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One to three months</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three months<br/>to one year</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One year<br/>to five years</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than five<br/>years</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,546</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,786</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">45,119</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">114,828</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">29,678</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">206,957</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,324</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,978</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">33,873</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">103,216</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">24,785</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">176,176</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">267 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,138 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,189 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">42,398 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">17,912 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">66,904 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Call money swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,716 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,527 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">25,588 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">56,120 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,370 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">97,321 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">598</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,712</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,013</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,550</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,365</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">21,238</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Future interest rate</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,964 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,365 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,329 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Fx forward</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">598 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,712 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11,013 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">586 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13,909 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">624</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">77</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">199</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,898</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,528</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,326</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,232 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">418 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,650 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">624 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">72 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">198 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,437 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,066 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,397 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">34</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">120</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">173</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Inflation risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">44</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">44</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17,674</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,208</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">20,459</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">102,833</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,223</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">160,397</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,047</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,061</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,875</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">68,867</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,798</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">99,648</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Future interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,097 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">244 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">311 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,652 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,336 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">310 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,759 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">58,930 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">136 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">69,471 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Call money swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,202 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">751 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">858 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,920 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,115 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">16,846 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,438</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,348</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,195</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,506</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,856</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">27,343</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX forward</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,406 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,309 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,947 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,719 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,381 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,032 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">39 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,248 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9,885 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,800 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">15,004 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">860</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">336</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,924</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,165</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,324</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">21,609</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,505 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,099 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,604 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">860 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">336 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,924 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,660 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,225 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">17,005 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Inflation risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">329</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">463</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,463</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,246</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,240</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,741</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">82 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">339 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">597 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,245 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,240 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10,503 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Equity risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">49</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">56</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedges of net investments in foreign operations</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,097</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,346</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,235</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,916</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">25,594</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,097</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,346</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,235</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,916</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">25,594</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX forward</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,097 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,346 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13,235 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,916 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">25,594 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">27,317</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">20,340</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">78,813</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">220,577</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">45,901</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">392,948</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Additionally, for Santander UK Group Holdings plc and Banco Santander, S.A., both the maturity profile, the average interest and exchange rate of hedging instruments by maturity buckets are shown:</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:underline">Santander UK Group Holdings plc group</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:34.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.124%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up to one month</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One to three months</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three months<br/>to one year</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One year<br/>to five years</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than five<br/>years</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> Interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,163 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,230 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">37,158 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">70,075 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,467 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">123,093 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.380 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.190 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.420 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.890 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.990 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.140 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.180 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.450 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.210 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.920 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.600 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.460 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.230 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.360 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.910 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> Nominal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">41</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,172 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">198 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,411 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.113</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.156</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.148</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.318</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.770 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.480 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.830 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> Interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,050 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,553 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">15,756 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">31,941 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,405 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">53,705 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5.060 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.050 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5.380 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.840 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.450 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Foreign exchange risk</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,068 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,266 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,104 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10,888 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,763 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">23,089 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/JPY exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">154.135</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">153.954</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">167.846</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/CHF exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.092</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.093</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.089</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.121</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.121</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.197</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.167</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.179</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.392</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.277</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.388</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity risk</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">58</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">68</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">100 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">905 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">576 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,614 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">719 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,914 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.183</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.254</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.198</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.189</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.663</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.383</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.537</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.570 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.540 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.960 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.420 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.810 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:29.867%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.803%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.803%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.706%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.706%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.706%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.803%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.806%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt 0 7.75pt"></td><td colspan="18" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2022</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up to one month</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One to three months</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three months to one year</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One year to five years</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than five<br/>years</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,492 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,039 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">24,447 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">51,257 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,294 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">87,529 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.580 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.880 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.560 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.070 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.780 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.770 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.600 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.770 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.280 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.090 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.350 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.470 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.510 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.000 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.920 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">74 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">821 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">16 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">911 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.212</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.157</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.100</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.186</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.420 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.060 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.630 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 8.08pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,175 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,471 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,188 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14,728 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,213 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">21,775 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.770 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.290 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.980 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.350 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.840 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Foreign exchange risk</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 8.08pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,063 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,536 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,685 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14,583 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,436 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">26,303 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/JPY exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">157.450</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">160.039</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/CHF exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.131</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.123</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.181</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.165</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.224</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.253</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.171</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.314</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.388</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity risk</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 8.08pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">48 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">57 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 8.08pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,983 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,621 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">968 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10,572 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.185</span></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.210</span></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.196</span></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/USD exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.604</span></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.503</span></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.537</span></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ee2724;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.270 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.580 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.590 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #7ea8be;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="margin-bottom:6pt;padding-left:3.54pt;padding-right:3.54pt;text-align:center;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:34.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.124%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2021</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up to one month</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One to three months</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three months<br/>to one year</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One year<br/>to five years</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than five<br/>years</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,716 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,408 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">25,525 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">53,427 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,942 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">96,018 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.590 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.420 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.090 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.910 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.130 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.510 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.740 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.080 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.810 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.610 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.910 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.960 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.440 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.760 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.050 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">127 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">683 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">165 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">975 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.205</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.159</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.171</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.290 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.030 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.620 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,203 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">572 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,036 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,967 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,115 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">17,893 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.970 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.440 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.080 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.290 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.970 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Foreign exchange risk</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,218 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,114 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,448 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10,897 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,584 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">21,261 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/JPY exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">142.905 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">148.856 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.165</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.185</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.159</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.174</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.344</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.342</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.332</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.339</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.388</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">739 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,000 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,112 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,860 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12,711 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.277 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.386 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.202 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.200 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.609</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.381</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ee2724;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.260 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.170 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.720 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.410 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:underline">Banco Santander, S.A.</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:34.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.124%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up to one month</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One to three months</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three months to one year</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One year to five years</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than five<br/>years</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> Interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,532 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">194 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,880 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,714 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,775 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41,095 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.38 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.48 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.04 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.096 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.014 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.085 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.422 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.421 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) CHF</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.010 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.015 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.688 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.603 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.801 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.446 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Foreign exchange risk</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">278 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">634 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">524 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,486 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average PEN/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.784</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.751</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CNY/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.323</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.732</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.716</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average AUD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.648</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.665</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average MXN/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19.363</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average COP/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,159</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,998</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average MAD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.929</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.057</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average PEN/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.095</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.110</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">66 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,450 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,321 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,150 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,017 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) AUD/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.800 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.615 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) CZK/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.000 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) RON/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.130 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.967 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) HKD/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.580 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.270</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) JPY/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.465 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.298 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.407 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) NOK/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.441 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.501 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) CHF/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.243 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD/MXN</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14.250 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD/COP</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17.980 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.152 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.207 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.149 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR/USD</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.140)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD/CLP</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.450 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average AUD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.499</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.545</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CZK/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25.831</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average EUR/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.891</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.961</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average HKD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.782</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.666</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average JPY/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">120.568</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">134.151</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">129.229</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average NOK/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.519</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.429</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average RON/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.711</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.887</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CHF/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.104</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average MXN/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19.083</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average USD/CLP exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.001</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average NZD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.666</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average USD/MXN exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.058</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> Interest rate and foreign exchange rate instruments</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:34.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.124%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up to one month</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One to three months</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three months to one year</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One year to five years</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than five<br/>years</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">414 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,075 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">86 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,575 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) CHF/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.106 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) AUD/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.521 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average EUR/GBP exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.173</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average AUD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.625</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.584</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.562</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average RON/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.940</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CHF/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.002</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> Bond Forward instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">750 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,500 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,750 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,000 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.124)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.889)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.016 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">111 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">149 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average exchange rate GBP/EUR</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.148</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.146</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.138</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedges of net investments in foreign operations</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,593 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,870 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,034 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,497 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average BRL/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.569</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.505</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.481</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CLP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">916.724</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">936.166</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">987.202</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average COP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,526</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.866</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.867</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.876</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average MXN/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20.078</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20.589</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20.210</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average USD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.129</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.081</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average PLN/EUR exchange rate</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.664</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.752</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.580</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CAD/EUR exchange rate</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.461</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CHF/EUR exchange rate</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.940</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average UYU/EUR exchange rate</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43.235</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43.521</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44.400</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:34.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.124%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2022</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up to one month</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One to three months</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three months to one year</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One year to five years</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than five<br/>years</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,032 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,248 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,348 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">24,115 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,809 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">37,552 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.036 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.036 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.856 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.036 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.569 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(0.406)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.278 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.396 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.674 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) CHF</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.530 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) JPY</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.465 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) CZK</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.650 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) NOK</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.327 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) AUD</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.073 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.892 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.123 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.835 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.181 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.374 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) RON</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.610 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Foreign exchange risk</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">250</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">899</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,064</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,213</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.877</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average USD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.040</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.992</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CNY/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7.172</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7.252</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7.159</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average AUD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.587</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average MXN/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">21.529</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average JPY/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">912</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">38</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,101</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,767</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">988</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,806</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) AUD/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.000 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.800 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.824 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) CZK/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.860 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) RON/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.520 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5.130 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) HKD/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.580 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) JPY/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.568 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.442 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.360 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) NOK/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.010 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.762 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) CHF/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.243 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR/GBP</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5.170 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) NZD/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD/MXN</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12.982 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD/COP</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">15.452 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13.614 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7.150 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR/USD</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(0.140)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD/CLP</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.450 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average AUD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.499</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.499</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.545</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CZK/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">25.407</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">25.677</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average EUR/GBP exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.162</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average EUR/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.945</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average HKD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8.851</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average JPY/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">133.840</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">130.227</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">118.180</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average NOK/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9.492</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9.685</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average RON/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.746</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.842</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.927</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CHF/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.092</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.105</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average USD/CLP exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.001</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:1pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ee2724;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:34.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.124%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2022</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up to one month</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One to three months</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three months to one year</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One year to five years</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than five<br/>years</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average NZD/EUR exchange rate</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.666 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average USD/MXN exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.051 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit risk</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Credit risk instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">38 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">55 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ee2724;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate and foreign exchange rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">597 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,451 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">184 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,235 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR/PEN</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6.496 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed rate (%) USD/COP</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">15.398 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR/AUD</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.207 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) AUD/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.305 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average EUR/GBP exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.084 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.173 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average AUD/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.604 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.562 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average RON/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.885 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average JPY/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">120.568 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CHF/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.102 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average NOK/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10.242 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CZK/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">26.131 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average EUR/PEN exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.252 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average EUR/AUD exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.654 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Bond Forward instruments</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,250</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,500</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11,453</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10,000</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">28,203</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(0.431)</span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(0.404)</span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(0.348)</span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(0.010)</span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Inflation risk</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Bond Forward instruments</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">700 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">700 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.322 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange instruments</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">22 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">99 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average exchange rate GBP/EUR</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.156 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.153 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.142 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedges of net investments in foreign operations</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ee2724;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,020 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,711 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13,839 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20,570 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average BRL/EUR exchange rate</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6.554 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5.797 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5.866 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CLP/EUR exchange rate</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">953.549 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">955.790 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">944.113 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average COP/EUR exchange rate</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,935.121 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.869 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.873 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.876 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average MXN/EUR exchange rate</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">25.130 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">23.968 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">22.156 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average USD/EUR exchange rate</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.158 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #c3dee7;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average PLN/EUR exchange rate</span></td><td colspan="2" style="border-bottom:0.5pt solid #c3dee7;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.832 </span></td><td style="border-bottom:0.5pt solid #c3dee7;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:0.5pt solid #c3dee7;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.837 </span></td><td style="border-bottom:0.5pt solid #c3dee7;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:0.5pt solid #c3dee7;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.991 </span></td><td style="border-bottom:0.5pt solid #c3dee7;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:0.5pt solid #c3dee7;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #c3dee7;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:0.5pt solid #c3dee7;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #c3dee7;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-bottom:0.5pt solid #c3dee7;border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:34.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.124%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2021</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up to one month</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One to three months</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three months to one year</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One year to five years</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than five<br/>years</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,822 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,038 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">21,507 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10,031 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">36,412 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.139 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.750 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.859 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.989 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(0.031)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.212 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.532 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) CHF</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.828 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.403 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) JPY</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.465 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.746 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.449 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.459 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.737 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.374 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) RON</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.211 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.200 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Foreign exchange risk</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">503 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,634 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10,350 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">586 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13,073 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.882</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.865</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.876</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average USD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.187</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.172</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.180</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CNY/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.859</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7.717</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7.412</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average PEN/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.003</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average JPY/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">132.688</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">130.741</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">116</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,109</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">53</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,255</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,279</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,812</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) AUD/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.000 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.661 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) CZK/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.860 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) RON/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.849 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) HKD/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.580 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) JPY/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.730 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.144 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) NOK/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.605 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) CHF/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.760 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.243 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD/COP</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5.140 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9.470 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6.789 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7.153 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) COP/USD</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(0.140)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD/CLP</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.450 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average AUD/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.499</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.529</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CZK/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">25.506</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average EUR/GBP exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.176</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average EUR/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.891</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average HKD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.782</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average JPY/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">132.966</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">126.605</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average MXN/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14.696</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average NOK/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9.606</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average RON/EUR exchange rate</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.815</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.927</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CHF/EUR exchange rate</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.092</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.105</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average USD/CLP exchange rate</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.001</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average NZD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.666</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average USD/MXN exchange rate</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.050</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:34.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.124%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2021</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up to one month</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One to three months</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three months to one year</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One year to five years</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than five<br/>years</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit risk</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Credit risk instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">34 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">120 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">173 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ee2724;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="border-top:1pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ee2724;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate and foreign exchange rate instruments</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,169 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,848 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">408 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,434 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR/PEN</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.441 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR/AUD</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.632 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) AUD/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.305 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average EUR/GBP exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.102</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.113</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average EUR/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.882</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average AUD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.604</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.562</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average RON/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.885</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average JPY/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">120.568</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CHF/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.102</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average NOK/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10.242</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CZK/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">26.131</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average EUR/PEN exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.208</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average EUR/AUD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.624</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Bond Forward instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,279 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,191 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">38,314 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">47,784 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(0.465)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(0.258)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.765 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) AUD</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.650 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedges of net investments in foreign operations</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ee2724;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,778 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,848 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11,815 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,916 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">23,357 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average BRL/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6.663</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6.758</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6.841</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CLP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">943.354</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">929.690</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">949.615</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average COP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,538.997</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.854</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.857</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.855</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.875</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average MXN/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">25.541</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">25.335</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">25.192</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average PLN/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.592</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.582</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.634</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average USD/EUR exchange rate</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.167</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.233</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i847c8d1bb2064b8a8ce94327f9cac3ef"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">Other geographies </span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Consumer Group entities mainly have loans portfolios at fixed interest rates and are therefore, exposed to changes in fair value due to movements in market interest rates. The entities manage this risk by contracting interest rate swaps in which they pay a fixed rate and receive a variable rate. Interest rate risk is the only one hedged and, therefore, other risks, such as credit risk, are managed but not hedged by the entities. The interest rate risk component is determined as the change in fair value of fixed rate loans arising solely from changes in a reference rate. This strategy is designated as a fair value hedge and its effectiveness is assessed by comparing changes in the fair value of loans attributable to changes in reference interest rates with changes in the fair value of interest rate swaps.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In addition, in order to access international markets with the aim of obtaining sources of financing, some Consumer Group´s entities issue fixed rate debt in their own currency and in other currencies that differ from their functional currency. Therefore, they are exposed to changes in both interest rates and exchange rates, which they mitigate with derivatives (interest rate swaps, fx forward and cross currency swaps) in which they receive a fixed interest rate and pay a variable interest rate, implemented with a fair value hedge.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The cash flow hedges of the Grupo Santander´s entities hedge the foreign currency risk of loans and financing. </span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Finally, it has hedges of net investments abroad to hedge the foreign exchange risk of the shareholding in NOK, CNY, PLN, CAD and CHF currencies.</span></div><div><span><br/></span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México has mainly long-term loan portfolios at fixed interest rates, portfolios of short-term deposits in local currency, portfolios of Mexican Government bonds and corporate bonds in currencies other than the local currency and are therefore exposed to changes in fair value due to movements in market interest rates, as well as these latter portfolios also to variations in exchange rates. The entity manages this risk by contracting derivatives (interest rate swaps or cross currency swaps) in which they pay a fixed rate and receive a variable rate. Only the interest rate and exchange rate risk is hedged, if applicable, and therefore other risks, such as credit risk, are managed but not hedged by the entity.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The interest rate risk component is determined as the change in the fair value of fixed rate loans arising solely from changes in a reference rate. This strategy is designated as a fair value hedge and its effectiveness is assessed by comparing changes in the fair value of loans attributable to changes in benchmark interest rates with changes in the fair value of interest rate swaps.</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Regarding cash flow hedges, Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México has a portfolio of unsecured bonds issued at a variable rate in its local currency, which it manages with an interest rate swap in which it receives a variable rate and pays a fixed rate. On the other hand, it also has different items in currencies other than the local currency: unsecured fixed rate bonds, commercial bank loans at variable rates, fixed rate issues, Mexican and Brazilian government bonds at fixed rates. In all these portfolios, the Bank is exposed to exchange rate variations, which it mitigates by contracting cross currency swaps or fx forward.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Banco Santander (Brasil) S.A. has, on the one hand, fair value hedges to protect both assets and liabilities from fluctuations in market rates. The market risk coverage management methodology adopted by the Bank segregates transactions by risk factor (BRL/USD exchange rate risk, pre-set interest rate risk in BRL, USD interest rate risk, inflation….). The entity manages this risk by contracting derivatives (interest rate swaps or interest rate futures) to hedge assets or liabilities at a fixed rate.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Brasil has corporate loans in different currencies than the local one and is therefore exposed to changes in fair value due to exchange rates. This risk is mitigated by contracting cross currency swaps or futures.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">It also holds a portfolio of long-term corporate bonds with inflation-indexed rates, thus exposed to changes in market value due to changes in market inflation rates. In order to achieve its mitigation, they contract futures in which they pay the indexed inflation and receive variable interest rates. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In the hedge of cash flows, Banco Santander (Brasil) S.A. has portfolios of loans and government bonds in different currency than the entity's functional currency and, therefore, it is subject to the risk of changes in currency rates. This exposure will be mitigated by hiring Cross Currency Swaps and futures.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Finally, they have a portfolio of variable rate government bonds, so they are exposed to changes in the value due to changes in interest rates. In order to mitigate these changes, a future is hired in which a variable rate is paid and a fixed rate is received. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Additionally, Banco Santander - Chile uses fair value hedges with cross currency swaps, interest rate swaps and call money swaps to hedge its exposure to changes in the fair value of the hedged item attributable to interest rates. The aforementioned hedging instruments modify the effective cost of long-term issues, from a fixed interest rate to a variable interest rate. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In addition, it also makes cash flow hedges in which it uses cross currency swaps to cover the risk of variability of flows attributable to changes in the interest rate of bonds and interbank loans issued at variable rates, as well as to cover the variation of foreign currency, mainly in United States dollars. To hedge the inflation risk present in certain items, it uses both forwards and cross currency swaps.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At Santander Bank National Association, Interest Rate Swaps are used to leave commercial loans at a fixed rate at a variable rate in USD indexed to 1-month Libor or SOFR, under cash flow hedges.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Regarding the hedged items, the following table shows the detail of the type of hedging, the risk that is hedged and which products are being hedged at 31 December 2023, 2022 and 2021. The products that are being hedged are mainly borrowed deposits, financial deposits, loans, government bonds as assets and financial bonds as liabilities: </span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:16.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.862%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.085%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.720%"></td><td style="width:0.1%"></td></tr><tr style="height:11pt"><td colspan="3" rowspan="4" style="border-bottom:1pt solid #ec0000;padding:0 1pt"></td><td colspan="27" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr style="height:11pt"><td colspan="27" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr style="height:33pt"><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Carrying amount of hedged items</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Accumulated amount of fair value adjustments on the hedged item</span></td><td colspan="3" rowspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Balance sheet line item</span></td><td colspan="3" rowspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Change in fair value of hedged item for ineffectiveness assessment</span></td><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Cash flow reserves or conversion reserves</span></td></tr><tr style="height:18pt"><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Continuing hedges</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Discontinued hedges</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">134,095</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">26,946</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(1,798)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(1,652)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">1,928</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">130,672 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">19,176 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1,682)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1,546)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,757 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">637 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,365 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(3)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">60 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest and Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,786 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">6,405 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(115)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(103)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">111 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(1,824)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(813)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(173)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(2,182)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(797)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(77)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">500 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(80)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest and Exchange rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">100 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(144)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(233)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">196 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(96)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Equity risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(9)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">12 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Net foreign investments hedges</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">18,706</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">1,888</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(8,684)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">18,706 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,888 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(8,684)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">152,801</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">26,946</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(1,798)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(1,652)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">1,992</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(9,497)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(173)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:16.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.862%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.307%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.085%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.085%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.016%"></td><td style="width:0.1%"></td></tr><tr style="height:11pt"><td colspan="3" rowspan="4" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="27" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr style="height:11pt"><td colspan="27" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">31 December 2022</span></td></tr><tr style="height:33pt"><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Carrying amount of hedged items</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Accumulated amount of fair value adjustments on the hedged item</span></td><td colspan="3" rowspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Balance sheet line item</span></td><td colspan="3" rowspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Change in fair value of hedged item for ineffectiveness assessment</span></td><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Cash flow reserves or conversion reserves</span></td></tr><tr style="height:18pt"><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Continuing hedges</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Discontinued hedges</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">126,665</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">59,837</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(5,487)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(3,581)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Loans and advances / Deposits and Debt securities / Debt securities issued</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(3,232)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">121,605 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">53,239 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(5,069)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(3,428)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(2,397)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,792 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,040 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(284)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(7)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest and Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,126 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">5,558 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(134)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(153)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(826)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">142 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:11pt"><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">475</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(3,353)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(225)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,458 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(2,973)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(75)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1,764)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(88)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(2)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest and Exchange rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">39 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(309)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(258)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">14 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(149)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Equity risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:11pt"><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Net foreign investments hedges</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">22,614</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2,467</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(6,750)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">22,614 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,467 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(6,750)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">149,279</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">59,837</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(5,487)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(3,581)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(290)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(10,103)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(225)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:16.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.011%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.017%"></td><td style="width:0.1%"></td></tr><tr style="height:11pt"><td colspan="3" rowspan="4" style="border-bottom:1pt solid #ec0000;padding:0 1pt"></td><td colspan="27" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr style="height:11pt"><td colspan="27" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">31 December 2021</span></td></tr><tr style="height:33pt"><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Carrying amount of hedged items</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Accumulated amount of fair value adjustments on the hedged item</span></td><td colspan="3" rowspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Balance sheet line item</span></td><td colspan="3" rowspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Change in fair value of hedged item for ineffectiveness assessment</span></td><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Cash flow reserves or conversion reserves</span></td></tr><tr style="height:18pt"><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Continuing hedges</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Discontinued hedges</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">193,949</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">51,395</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">462</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">453</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Loans and advances / Deposits and Debt securities / Debt securities issued</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(1,061)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">125,479 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">47,347 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">727 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">366 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(543)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">64,531 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(282)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(343)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest and Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3,714 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">4,048 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">15 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">87 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(173)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">46 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">179 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:11pt"><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">1,639</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(414)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(148)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">494 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(540)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(52)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">115 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">81 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">8 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest and Exchange rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">778 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">330 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">249 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(289)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(104)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Equity risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:11pt"><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Net foreign investments hedges</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">25,594</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">1,159</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(4,283)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">25,594 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,159 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(4,283)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">219,543</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">51,395</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">462</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">453</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">1,737</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(4,697)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(148)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The cumulative amount of adjustments of the fair value hedging instruments that remain in the balance for hedges items that are no longer adjusted by profit and loss of coverage as at 31 December 2023 is EUR 1,006 million losses (EUR 756 million loss and EUR 460 million profit in 2022 and 2021, respectively).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The net impact of the hedges are shown in the following table:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:25.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.347%"></td><td style="width:0.1%"></td></tr><tr style="height:12pt"><td colspan="3" rowspan="4" style="border-bottom:1pt solid #ec0000;padding:0 1pt"></td><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr style="height:12pt"><td colspan="15" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr style="height:38pt"><td colspan="3" rowspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Earnings/(losses) recognised in another cumulative overall result</span></td><td colspan="3" rowspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Ineffective recognised in the income statement</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Line of the income statement that includes the ineffectiveness of cash flows</span></td><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Reclassified amount of reserves to the income statement due to:</span></td></tr><tr style="height:39pt"><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gains or losses financial assets/liabilities</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cover transaction affecting the income statement</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Line of the income statement that includes reclassified items</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">59</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">72 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 7pt 0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(38)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td></tr><tr style="height:9pt"><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt 0 7pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,592</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gains or losses financial assets/liabilities</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,622)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest margin/Gains or losses financial assets/liabilities</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,179 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,647)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(416)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">164 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(431)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Inflation risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">233 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(128)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net foreign investments hedges</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,888)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,888)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">704</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">63</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,622)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td></tr></table><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"> </span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:25.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.347%"></td><td style="width:0.1%"></td></tr><tr style="height:12pt"><td colspan="3" rowspan="4" style="border-bottom:1pt solid #ec0000;padding:0 1pt"></td><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr style="height:12pt"><td colspan="15" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2022</span></td></tr><tr style="height:38pt"><td colspan="3" rowspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Earnings/(losses) recognised in another cumulative overall result</span></td><td colspan="3" rowspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Ineffective coverage recognised in the income statement</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Line of the income statement that includes the ineffectiveness of cash flows</span></td><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Reclassified amount of reserves to the income statement due to:</span></td></tr><tr style="height:39pt"><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gains or losses financial assets/liabilities</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cover transaction affecting the income statement</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Line of the income statement that includes reclassified items</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">119</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">155 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 7pt 0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(20)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td></tr><tr style="height:9pt"><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(3,016)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(45)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gains or losses financial assets/liabilities</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,254</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest margin/Gains or losses financial assets/liabilities</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,458)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(370)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(178)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,130 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(638)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(39)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">587 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Inflation risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">258 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,093)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net foreign investments hedges<br/>hedges</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,467)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,467)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(5,483)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">74</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,254</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:27.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.346%"></td><td style="width:0.1%"></td></tr><tr style="height:12pt"><td colspan="3" rowspan="4" style="border-bottom:1pt solid #ec0000;padding:0 1pt"></td><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr style="height:12pt"><td colspan="15" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2021</span></td></tr><tr style="height:38pt"><td colspan="3" rowspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Earnings/(losses) recognised in another cumulative overall result</span></td><td colspan="3" rowspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Ineffective coverage recognised in the income statement</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Line of the income statement that includes the ineffectiveness of cash flows</span></td><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Reclassified amount of reserves to the income statement due to:</span></td></tr><tr style="height:38pt"><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gains or losses financial assets/liabilities</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cover transaction affecting the income statement</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Line of the income statement that includes reclassified items</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Risk of Exchange rate</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(55)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Risk of interest rate and exchange rate</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr style="height:9pt"><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(938)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(64)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gains or losses financial assets/liabilities</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(801)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest margin/Gains or losses financial assets/liabilities</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(491)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(34)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">269 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">155 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(262)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(350)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(35)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(350)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Inflation risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(249)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(458)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net foreign investments<br/>hedges</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,159)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,159)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,097)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(46)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(801)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The following table shows the movement in the impact of equity for the year:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:62.480%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.938%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 8.09pt 0 1pt;text-indent:-7.09pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at beginning of year</span></td><td colspan="2" style="background-color:#deedf2;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(9,187)</span></td><td style="background-color:#deedf2;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(4,559)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,829)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="3" style="background-color:#deedf2;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="2" style="background-color:#deedf2;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,179</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#deedf2;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,458)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(491)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Amounts transferred to income statements</span></td><td colspan="2" style="background-color:#deedf2;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,647 </span></td><td style="background-color:#deedf2;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">370 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(269)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Gain or loss in value CFE - recognized in equity</span></td><td colspan="2" style="background-color:#deedf2;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">532 </span></td><td style="background-color:#deedf2;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(2,828)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(222)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="background-color:#deedf2;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#deedf2;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(178)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">155</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Amounts transferred to income statements</span></td><td colspan="2" style="background-color:#deedf2;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">416 </span></td><td style="background-color:#deedf2;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(2,130)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">262 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Gain or loss in value CFE - recognized in equity</span></td><td colspan="2" style="background-color:#deedf2;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(409)</span></td><td style="background-color:#deedf2;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,952 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(107)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="background-color:#deedf2;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">164</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#deedf2;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(638)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(350)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Amounts transferred to income statements</span></td><td colspan="2" style="background-color:#deedf2;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">431 </span></td><td style="background-color:#deedf2;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(587)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">350 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Gain or loss in value CFE - recognized in equity</span></td><td colspan="2" style="background-color:#deedf2;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(267)</span></td><td style="background-color:#deedf2;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(51)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(700)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Inflation risk</span></td><td colspan="2" style="background-color:#deedf2;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">233</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#deedf2;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">258</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(249)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Amounts transferred to income statements</span></td><td colspan="2" style="background-color:#deedf2;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">128 </span></td><td style="background-color:#deedf2;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,093 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">458 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Gain or loss in value CFE - recognized in equity</span></td><td colspan="2" style="background-color:#deedf2;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">105 </span></td><td style="background-color:#deedf2;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(835)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(707)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Equity risk</span></td><td colspan="2" style="background-color:#deedf2;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#deedf2;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(3)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Amounts transferred to income statements</span></td><td colspan="2" style="background-color:#deedf2;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#deedf2;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Gain or loss in value CFE - recognized in equity</span></td><td colspan="2" style="background-color:#deedf2;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9 </span></td><td style="background-color:#deedf2;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(3)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net foreign investments hedges</span></td><td colspan="3" style="background-color:#deedf2;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="background-color:#deedf2;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,888)</span></td><td style="background-color:#deedf2;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,467)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,159)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Amounts transferred to income statements</span></td><td colspan="2" style="background-color:#deedf2;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#deedf2;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Gain or loss in value CFE - recognized in equity</span></td><td colspan="2" style="background-color:#deedf2;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,888)</span></td><td style="background-color:#deedf2;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(2,467)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,159)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Minorities, taxes and others</span></td><td colspan="2" style="background-color:#deedf2;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(941)</span></td><td style="background-color:#deedf2;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">855 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">367 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at end of year</span></td><td colspan="2" style="background-color:#deedf2;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(9,424)</span></td><td style="background-color:#deedf2;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(9,187)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(4,559)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>
CY2023	ifrs-full	Disclosure Of Detailed Information About Hedging Instruments Explanatory DisclosureOfDetailedInformationAboutHedgingInstrumentsExplanatory	<div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The following tables contains the detail of the hedging derivatives according to the type of hedging, the hedge risk and the main products used as of 31 December 2023, 2022 and 2021:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:31.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.644%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million </span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="12" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Carrying amount</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Nominal value</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Changes in fair value used for calculating hedge ineffectiveness</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance sheet line items</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">241,792</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,661</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,231</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,869)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">225,377</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,280</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,644</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,684)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">92,491 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,671 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,236 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(47)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Call money swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">122,891 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">344 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,226 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,824)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,331</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">24</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(98)</span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Fx forward</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,913 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">15 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">24 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(11)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Future interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,418 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(87)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,084</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">366</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">563</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(87)</span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,218 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">82 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">59 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Call money swap</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,093 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">97 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(39)</span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9,773 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">357 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">384 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(107)</span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">157,796</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,575</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,889</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,828</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">97,780</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">913</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,246</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,181</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Future interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,020 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">37,864 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">403 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">948 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,188 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Call money swap</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">53,705 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">469 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">266 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,000 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">34,823</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,001</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">663</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(498)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX forward</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11,160 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">502 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">241 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">43 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20,043 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">446 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">397 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(537)</span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,217</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">484</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">74</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(98)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,847 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(45)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">227 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9,370 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">484 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">119 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(325)</span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Inflation risk</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,908</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">155</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">906</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">234</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12,495 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">153 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">906 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">240 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Equity risk</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">68</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Option</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">68 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">22 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedges of net investments in foreign operations</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,706</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">61</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">536</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,888)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,706</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">61</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">536</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,888)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX forward</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">18,706 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">61 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">536 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,888)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">418,294</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,297</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,656</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,929)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.652%"><tr><td style="width:1.0%"></td><td style="width:29.960%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.839%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.839%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.839%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.960%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.963%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="12" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Carrying amount</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Nominal value</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Changes in fair value used for calculating hedge ineffectiveness</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance sheet line items</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">214,473</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,095</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,630</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,351</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">190,513</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,405</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,239</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,554</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">87,477 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,950 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,203 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(716)</span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Call money swap</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">88,059 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,367 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">623 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,468 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,492</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">147</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">25</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(9)</span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX forward</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,745 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">147 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">25 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(36)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Future interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">747 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">27 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19,412</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">543</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">366</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">805</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9,522 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">266 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">286 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(61)</span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Future interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,679 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">261 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">922 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">905 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">80 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(79)</span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit risk</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">56</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">CDS</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">56 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">149,756</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,730</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,767</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(519)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">81,626</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">137</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,325</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,461)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Future interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,027 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">51 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">55,886 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">59 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,494 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,439)</span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Call money swap</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20,784 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">49 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(184)</span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,151)</span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">34,973</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,358</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">746</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,760</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX forward</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10,754 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">267 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">172 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">773 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20,005 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">951 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">455 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">982 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,175</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,046</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">292</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(80)</span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,361 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">161 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(333)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12,814 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,046 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">131 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">249 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Inflation risk</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,924</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">180</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,403</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">261</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14,096 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">179 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,364 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">241 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Equity risk</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">58</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Option</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">58 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt 0 7.75pt"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedges of net investments in foreign operations</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22,614</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">244</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">831</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,467)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22,614</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">244</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">831</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,467)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX forward</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">22,614 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">244 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">831 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(2,467)</span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt 0 7.75pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">386,843</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,069</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,228</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">364</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:29.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.492%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.718%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="12" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Carrying amount</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Nominal value</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Changes in fair value used for calculating hedge ineffectiveness</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance sheet line items</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">206,957</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,528</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,656</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,079</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">176,176</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,227</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,778</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">591</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">66,904 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,668 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">920 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(377)</span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Call money swap</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">97,321 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">734 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">714 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">21,238</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">423</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">287</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Fx forward</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13,909 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">423 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">22 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Future interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,329 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">265 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,326</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">294</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">452</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">200</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,397 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">281 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">443 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">192 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,650 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(7)</span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit risk</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">173</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Inflation risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">44</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">160,397</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,034</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,157</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,703)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">99,648</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">156</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">420</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(526)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Futures</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,652 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(155)</span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">69,471 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">70 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">155 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(212)</span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Call money swap</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">16,846 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">182 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(409)</span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">27,343</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">396</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">657</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(112)</span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX forward</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,381 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">280 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">42 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">26 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">15,004 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">100 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">606 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(133)</span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">21,609</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,425</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">400</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(815)</span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,604 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">95 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(112)</span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">17,005 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,330 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">393 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(702)</span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Inflation risk</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,741</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">52</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">679</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(247)</span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10,503 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">51 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">678 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(232)</span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Equity risk</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">56</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(3)</span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr style="height:14pt"><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedges of net investments in foreign operations</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">25,594</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">199</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">650</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,159)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">25,594</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">199</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">650</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,159)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX forward</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">25,594 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">199 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">650 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,159)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt 0 18.25pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">392,948</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,761</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,463</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,783)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td></tr></table></div>
CY2023Q4	ifrs-full	Notional Amount NotionalAmount	418294000000	eur
CY2023Q4	ifrs-full	Hedging Instrument Assets HedgingInstrumentAssets	5297000000	eur
CY2023Q4	ifrs-full	Hedging Instrument Liabilities HedgingInstrumentLiabilities	7656000000	eur
CY2023	ifrs-full	Gain Loss On Change In Fair Value Of Hedging Instrument Used As Basis For Recognising Hedge Ineffectiveness GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness	-1929000000	eur
CY2022Q4	ifrs-full	Notional Amount NotionalAmount	386843000000	eur
CY2022Q4	ifrs-full	Hedging Instrument Assets HedgingInstrumentAssets	8069000000	eur
CY2022Q4	ifrs-full	Hedging Instrument Liabilities HedgingInstrumentLiabilities	9228000000	eur
CY2022	ifrs-full	Gain Loss On Change In Fair Value Of Hedging Instrument Used As Basis For Recognising Hedge Ineffectiveness GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness	364000000	eur
CY2021Q4	ifrs-full	Notional Amount NotionalAmount	392948000000	eur
CY2021Q4	ifrs-full	Hedging Instrument Assets HedgingInstrumentAssets	4761000000	eur
CY2021Q4	ifrs-full	Hedging Instrument Liabilities HedgingInstrumentLiabilities	5463000000	eur
CY2021	ifrs-full	Gain Loss On Change In Fair Value Of Hedging Instrument Used As Basis For Recognising Hedge Ineffectiveness GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness	-1783000000	eur
CY2023Q4	san	Macro Cash Flows Hedge Hedged Position MacroCashFlowsHedgeHedgedPosition	10000000000	eur
CY2023	ifrs-full	Disclosure Of Information About Terms And Conditions Of Hedging Instruments And How They Affect Future Cash Flows Explanatory DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsExplanatory	<div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The following table sets out the maturity profile of the hedging instruments used in Grupo Santander non-dynamic hedging strategies:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div></div></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:34.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.124%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"> </span></div></td><td colspan="18" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up to one month</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One to three months</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three months to one year</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One year to five years</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than five years</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,862</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,535</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">59,170</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">139,486</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">21,739</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">241,792</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,266</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,749</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">56,860</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">131,323</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17,179</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">225,377</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,013 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,104 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">16,045 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">59,952 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12,377 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">92,491 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Call money swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,163 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11,421 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">39,873 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">65,453 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,981 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">122,891 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">566</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">678</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">619</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">50</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,418</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,331</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Fx forward</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">566 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">678 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">619 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">50 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,913 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Future interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,418 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,418 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">30</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">108</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,691</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,113</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,142</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,084</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">321 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">535 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">362 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,218 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Call Money Swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">21 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">973 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">99 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,093 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">30 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">87 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,370 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,605 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,681 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9,773 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,873</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,149</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">43,913</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">83,291</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,570</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">157,796</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,467</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,859</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">30,846</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">53,038</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,570</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">97,780</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Future interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,020 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,020 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,191 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,876 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14,108 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">16,793 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">896 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">37,864 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Call money swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,050 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,553 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">15,755 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">31,942 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,405 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">53,705 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,655</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,087</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,607</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,711</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,763</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">34,823</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX forward</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,013 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,344 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,617 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,186 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11,160 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">642 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,209 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,990 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14,525 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">677 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20,043 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">407</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,547</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,270</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,187</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">806</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,217</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">80 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,575 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">192 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,847 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">407 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,467 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,270 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,612 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">614 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9,370 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Inflation risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">344</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">656</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,182</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,296</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,430</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,908</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">318 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">618 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,833 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,296 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,430 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12,495 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:105%">Equity risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">59</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">68</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Option</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">59 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">68 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedges of net investments in foreign operations:</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,303</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,940</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,463</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,706</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,303</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,940</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,463</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,706</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX forward</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,303 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,940 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9,463 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">18,706 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19,038</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">35,624</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">112,546</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">222,777</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">28,309</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">418,294</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:34.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.124%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"> </span></div></td><td colspan="18" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2022</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up to one month</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One to three months</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three months to one year</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One year to five years</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than five years</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,588</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,811</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">37,723</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">136,223</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">24,128</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">214,473</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,120</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,822</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">34,074</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">120,829</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">21,668</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">190,513</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,535 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,005 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,854 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">56,868 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">16,215 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">87,477 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Call money swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,492 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,039 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">23,511 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">54,786 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,231 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">88,059 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">556</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">741</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,448</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">747</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,492</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Fx forward</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">556 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">741 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,448 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,745 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Future interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">747 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">747 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">912</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">238</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,193</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,356</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,713</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19,412</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">912 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">238 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">788 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,188 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,396 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9,522 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">405 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">192 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">308 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">905 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Future interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,679 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,679 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">38</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">56</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">CDS</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">38 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">56 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,182</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,202</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">41,514</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">75,653</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,205</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">149,756</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,546</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,424</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">30,568</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">36,501</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,587</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">81,626</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Future interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,027 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,027 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,292 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,877 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">28,103 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20,568 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">46 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">55,886 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Call money swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,175 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,471 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,196 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14,728 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,214 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20,784 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,777</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,295</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,452</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19,940</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,509</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">34,973</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX forward</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,996 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,487 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,982 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,289 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10,754 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,313 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,809 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,470 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13,028 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,385 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20,005 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">182</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">509</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,982</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,294</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,208</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,175</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">659 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,468 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">234 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,361 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">182 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">509 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,323 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,826 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">974 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12,814 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Inflation risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">677</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,974</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,505</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,870</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,898</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,924</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">483 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">951 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,895 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,869 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,898 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14,096 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Equity risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">48</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">58</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Option</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">48 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">58 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedges of net investments in foreign operations:</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,249</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,393</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,972</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22,614</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,249</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,393</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,972</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22,614</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX forward</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,249 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,393 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14,972 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">22,614 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19,019</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">30,406</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">94,209</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">211,876</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31,333</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">386,843</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:34.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.124%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="18" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2021</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up to one month</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One to three months</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three months<br/>to one year</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One year<br/>to five years</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than five<br/>years</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,546</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,786</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">45,119</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">114,828</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">29,678</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">206,957</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,324</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,978</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">33,873</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">103,216</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">24,785</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">176,176</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">267 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,138 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,189 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">42,398 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">17,912 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">66,904 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Call money swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,716 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,527 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">25,588 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">56,120 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,370 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">97,321 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">598</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,712</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,013</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,550</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,365</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">21,238</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Future interest rate</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,964 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,365 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,329 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Fx forward</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">598 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,712 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11,013 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">586 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13,909 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">624</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">77</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">199</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,898</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,528</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,326</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,232 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">418 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,650 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">624 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">72 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">198 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,437 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,066 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,397 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">34</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">120</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">173</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Inflation risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">44</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">44</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17,674</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,208</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">20,459</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">102,833</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,223</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">160,397</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,047</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,061</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,875</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">68,867</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,798</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">99,648</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Future interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,097 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">244 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">311 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,652 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,336 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">310 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,759 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">58,930 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">136 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">69,471 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Call money swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,202 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">751 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">858 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,920 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,115 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">16,846 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,438</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,348</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,195</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,506</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,856</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">27,343</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX forward</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,406 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,309 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,947 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,719 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,381 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,032 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">39 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,248 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9,885 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,800 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">15,004 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">860</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">336</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,924</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,165</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,324</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">21,609</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,505 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,099 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,604 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">860 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">336 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,924 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,660 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,225 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">17,005 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Inflation risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">329</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">463</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,463</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,246</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,240</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,741</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">82 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">339 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">597 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,245 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,240 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10,503 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Equity risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">49</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">56</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedges of net investments in foreign operations</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,097</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,346</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,235</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,916</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">25,594</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,097</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,346</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,235</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,916</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">25,594</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX forward</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,097 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,346 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13,235 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,916 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">25,594 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">27,317</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">20,340</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">78,813</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">220,577</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">45,901</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">392,948</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Additionally, for Santander UK Group Holdings plc and Banco Santander, S.A., both the maturity profile, the average interest and exchange rate of hedging instruments by maturity buckets are shown:</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:underline">Santander UK Group Holdings plc group</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:34.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.124%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up to one month</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One to three months</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three months<br/>to one year</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One year<br/>to five years</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than five<br/>years</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> Interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,163 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,230 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">37,158 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">70,075 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,467 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">123,093 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.380 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.190 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.420 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.890 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.990 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.140 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.180 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.450 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.210 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.920 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.600 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.460 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.230 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.360 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.910 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> Nominal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">41</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,172 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">198 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,411 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.113</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.156</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.148</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.318</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.770 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.480 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.830 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> Interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,050 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,553 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">15,756 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">31,941 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,405 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">53,705 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5.060 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.050 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5.380 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.840 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.450 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Foreign exchange risk</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,068 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,266 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,104 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10,888 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,763 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">23,089 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/JPY exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">154.135</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">153.954</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">167.846</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/CHF exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.092</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.093</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.089</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.121</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.121</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.197</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.167</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.179</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.392</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.277</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.388</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity risk</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">58</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">68</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">100 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">905 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">576 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,614 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">719 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,914 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.183</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.254</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.198</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.189</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.663</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.383</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.537</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.570 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.540 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.960 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.420 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.810 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:29.867%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.803%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.803%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.706%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.706%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.706%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.803%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.806%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt 0 7.75pt"></td><td colspan="18" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2022</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up to one month</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One to three months</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three months to one year</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One year to five years</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than five<br/>years</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,492 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,039 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">24,447 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">51,257 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,294 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">87,529 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.580 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.880 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.560 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.070 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.780 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.770 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.600 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.770 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.280 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.090 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.350 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.470 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.510 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.000 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.920 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">74 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">821 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">16 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">911 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.212</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.157</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.100</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.186</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.420 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.060 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.630 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 8.08pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,175 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,471 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,188 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14,728 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,213 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">21,775 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.770 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.290 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.980 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.350 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.840 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Foreign exchange risk</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 8.08pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,063 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,536 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,685 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14,583 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,436 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">26,303 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/JPY exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">157.450</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">160.039</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/CHF exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.131</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.123</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.181</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.165</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.224</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.253</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.171</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.314</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.388</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity risk</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 8.08pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">48 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">57 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 8.08pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,983 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,621 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">968 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10,572 </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.185</span></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.210</span></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.196</span></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/USD exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.604</span></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.503</span></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.537</span></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ee2724;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.270 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.580 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.590 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #7ea8be;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="margin-bottom:6pt;padding-left:3.54pt;padding-right:3.54pt;text-align:center;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:34.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.124%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2021</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up to one month</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One to three months</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three months<br/>to one year</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One year<br/>to five years</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than five<br/>years</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,716 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,408 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">25,525 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">53,427 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,942 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">96,018 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.590 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.420 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.090 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.910 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.130 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.510 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.740 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.080 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.810 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.610 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.910 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.960 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.440 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.760 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.050 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">127 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">683 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">165 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">975 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.205</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.159</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.171</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.290 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.030 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.620 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,203 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">572 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,036 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,967 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,115 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">17,893 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.970 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.440 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.080 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.290 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.970 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Foreign exchange risk</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,218 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,114 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,448 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10,897 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,584 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">21,261 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/JPY exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">142.905 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">148.856 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.165</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.185</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.159</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.174</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.344</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.342</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.332</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.339</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.388</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">739 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,000 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,112 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,860 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12,711 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.277 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.386 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.202 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.200 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.609</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.381</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ee2724;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.260 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.170 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.720 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #7ea8be;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.410 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #7ea8be;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;text-decoration:underline">Banco Santander, S.A.</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:34.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.124%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up to one month</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One to three months</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three months to one year</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One year to five years</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than five<br/>years</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> Interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,532 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">194 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,880 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,714 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,775 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41,095 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.38 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.48 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.04 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.096 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.014 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.085 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.422 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.421 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) CHF</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.010 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.015 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.688 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.603 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.801 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.446 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Foreign exchange risk</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">278 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">634 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">524 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,486 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average PEN/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.784</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.751</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CNY/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.323</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.732</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.716</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average AUD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.648</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.665</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average MXN/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19.363</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average COP/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,159</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,998</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average MAD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.929</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.057</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average PEN/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.095</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.110</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">66 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,450 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,321 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,150 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,017 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) AUD/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.800 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.615 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) CZK/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.000 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) RON/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.130 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.967 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) HKD/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.580 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.270</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) JPY/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.465 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.298 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.407 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) NOK/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.441 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.501 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) CHF/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.243 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD/MXN</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14.250 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD/COP</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17.980 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.152 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.207 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.149 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR/USD</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.140)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD/CLP</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.450 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average AUD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.499</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.545</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CZK/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25.831</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average EUR/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.891</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.961</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average HKD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.782</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.666</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average JPY/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">120.568</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">134.151</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">129.229</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average NOK/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.519</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.429</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average RON/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.711</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.887</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CHF/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.104</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average MXN/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19.083</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average USD/CLP exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.001</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average NZD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.666</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average USD/MXN exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.058</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> Interest rate and foreign exchange rate instruments</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:34.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.124%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up to one month</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One to three months</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three months to one year</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One year to five years</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than five<br/>years</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">414 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,075 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">86 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,575 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) CHF/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.106 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) AUD/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.521 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average EUR/GBP exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.173</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average AUD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.625</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.584</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.562</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average RON/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.940</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CHF/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.002</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> Bond Forward instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">750 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,500 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,750 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,000 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.124)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.889)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.016 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">111 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">149 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average exchange rate GBP/EUR</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.148</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.146</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.138</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedges of net investments in foreign operations</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,593 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,870 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,034 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,497 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average BRL/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.569</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.505</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.481</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CLP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">916.724</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">936.166</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">987.202</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average COP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,526</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.866</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.867</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.876</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average MXN/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20.078</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20.589</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20.210</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average USD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.129</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.081</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average PLN/EUR exchange rate</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.664</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.752</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.580</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CAD/EUR exchange rate</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.461</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CHF/EUR exchange rate</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.940</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average UYU/EUR exchange rate</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43.235</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43.521</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44.400</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:34.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.124%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2022</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up to one month</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One to three months</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three months to one year</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One year to five years</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than five<br/>years</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,032 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,248 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,348 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">24,115 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,809 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">37,552 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.036 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.036 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.856 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.036 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.569 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(0.406)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.278 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.396 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.674 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) CHF</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.530 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) JPY</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.465 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) CZK</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.650 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) NOK</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.327 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) AUD</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.073 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.892 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.123 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.835 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.181 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.374 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) RON</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.610 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Foreign exchange risk</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">250</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">899</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,064</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,213</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.877</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average USD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.040</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.992</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CNY/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7.172</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7.252</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7.159</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average AUD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.587</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average MXN/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">21.529</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average JPY/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">912</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">38</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,101</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,767</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">988</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,806</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) AUD/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.000 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.800 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.824 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) CZK/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.860 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) RON/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.520 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5.130 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) HKD/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.580 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) JPY/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.568 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.442 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.360 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) NOK/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.010 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.762 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) CHF/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.243 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR/GBP</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5.170 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) NZD/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD/MXN</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12.982 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD/COP</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">15.452 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13.614 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7.150 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR/USD</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(0.140)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD/CLP</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.450 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average AUD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.499</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.499</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.545</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CZK/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">25.407</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">25.677</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average EUR/GBP exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.162</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average EUR/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.945</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average HKD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8.851</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average JPY/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">133.840</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">130.227</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">118.180</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average NOK/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9.492</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9.685</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average RON/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.746</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.842</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.927</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CHF/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.092</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.105</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average USD/CLP exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.001</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:1pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ee2724;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:34.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.124%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2022</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up to one month</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One to three months</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three months to one year</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One year to five years</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than five<br/>years</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average NZD/EUR exchange rate</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.666 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average USD/MXN exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.051 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit risk</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Credit risk instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">38 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">55 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ee2724;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate and foreign exchange rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">597 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,451 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">184 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,235 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR/PEN</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6.496 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed rate (%) USD/COP</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">15.398 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR/AUD</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.207 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) AUD/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.305 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average EUR/GBP exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.084 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.173 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average AUD/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.604 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.562 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average RON/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.885 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average JPY/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">120.568 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CHF/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.102 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average NOK/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10.242 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CZK/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">26.131 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average EUR/PEN exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.252 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average EUR/AUD exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.654 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Bond Forward instruments</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,250</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,500</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11,453</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10,000</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">28,203</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(0.431)</span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(0.404)</span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(0.348)</span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(0.010)</span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Inflation risk</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Bond Forward instruments</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">700 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">700 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.322 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange instruments</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">22 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">99 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average exchange rate GBP/EUR</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.156 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.153 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.142 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedges of net investments in foreign operations</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ee2724;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,020 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,711 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13,839 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20,570 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average BRL/EUR exchange rate</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6.554 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5.797 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5.866 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CLP/EUR exchange rate</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">953.549 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">955.790 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">944.113 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average COP/EUR exchange rate</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,935.121 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.869 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.873 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.876 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average MXN/EUR exchange rate</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">25.130 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">23.968 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">22.156 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average USD/EUR exchange rate</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.158 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #c3dee7;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average PLN/EUR exchange rate</span></td><td colspan="2" style="border-bottom:0.5pt solid #c3dee7;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.832 </span></td><td style="border-bottom:0.5pt solid #c3dee7;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:0.5pt solid #c3dee7;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.837 </span></td><td style="border-bottom:0.5pt solid #c3dee7;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:0.5pt solid #c3dee7;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.991 </span></td><td style="border-bottom:0.5pt solid #c3dee7;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:0.5pt solid #c3dee7;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #c3dee7;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:0.5pt solid #c3dee7;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #c3dee7;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-bottom:0.5pt solid #c3dee7;border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:34.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.124%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2021</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up to one month</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One to three months</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three months to one year</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One year to five years</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than five<br/>years</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,822 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,038 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">21,507 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10,031 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">36,412 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.139 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.750 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.859 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.989 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(0.031)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.212 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.532 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) CHF</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.828 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.403 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) JPY</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.465 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.746 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.449 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.459 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.737 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.374 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) RON</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.211 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.200 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Foreign exchange risk</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">503 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,634 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10,350 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">586 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13,073 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.882</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.865</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.876</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average USD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.187</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.172</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.180</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CNY/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.859</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7.717</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7.412</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average PEN/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.003</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average JPY/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">132.688</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">130.741</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">116</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,109</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">53</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,255</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,279</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,812</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) AUD/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.000 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.661 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) CZK/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.860 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) RON/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.849 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) HKD/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.580 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) JPY/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.730 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.144 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) NOK/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.605 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) CHF/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.760 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.243 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD/COP</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5.140 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9.470 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6.789 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7.153 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) COP/USD</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(0.140)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD/CLP</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.450 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average AUD/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.499</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.529</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CZK/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">25.506</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average EUR/GBP exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.176</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average EUR/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.891</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average HKD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.782</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average JPY/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">132.966</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">126.605</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average MXN/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14.696</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average NOK/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9.606</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average RON/EUR exchange rate</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.815</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.927</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CHF/EUR exchange rate</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.092</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.105</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average USD/CLP exchange rate</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.001</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average NZD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.666</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average USD/MXN exchange rate</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.050</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-bottom:0.25pt solid #9bc3d3;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:34.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.124%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2021</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up to one month</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One to three months</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three months to one year</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One year to five years</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than five<br/>years</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit risk</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Credit risk instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">34 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">120 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">173 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ee2724;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="border-top:1pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ee2724;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate and foreign exchange rate instruments</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,169 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,848 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">408 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,434 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR/PEN</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.441 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR/AUD</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.632 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) AUD/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.305 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average EUR/GBP exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.102</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.113</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average EUR/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.882</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average AUD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.604</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.562</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average RON/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.885</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average JPY/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">120.568</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CHF/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.102</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average NOK/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10.242</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CZK/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">26.131</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average EUR/PEN exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.208</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average EUR/AUD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.624</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Bond Forward instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,279 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,191 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">38,314 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">47,784 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(0.465)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(0.258)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.765 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) AUD</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.650 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedges of net investments in foreign operations</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ee2724;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,778 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,848 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11,815 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,916 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">23,357 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average BRL/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6.663</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6.758</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6.841</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CLP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">943.354</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">929.690</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">949.615</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average COP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,538.997</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.854</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.857</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.855</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.875</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average MXN/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">25.541</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">25.335</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">25.192</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average PLN/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.592</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.582</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.634</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average USD/EUR exchange rate</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.167</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.233</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr></table></div>
CY2023Q4	ifrs-full	Notional Amount NotionalAmount	418294000000	eur
CY2022Q4	ifrs-full	Notional Amount NotionalAmount	386843000000	eur
CY2021Q4	ifrs-full	Notional Amount NotionalAmount	392948000000	eur
CY2023	ifrs-full	Disclosure Of Detailed Information About Hedged Items Explanatory DisclosureOfDetailedInformationAboutHedgedItemsExplanatory	<div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Regarding the hedged items, the following table shows the detail of the type of hedging, the risk that is hedged and which products are being hedged at 31 December 2023, 2022 and 2021. The products that are being hedged are mainly borrowed deposits, financial deposits, loans, government bonds as assets and financial bonds as liabilities: </span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:16.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.862%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.085%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.720%"></td><td style="width:0.1%"></td></tr><tr style="height:11pt"><td colspan="3" rowspan="4" style="border-bottom:1pt solid #ec0000;padding:0 1pt"></td><td colspan="27" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr style="height:11pt"><td colspan="27" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr style="height:33pt"><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Carrying amount of hedged items</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Accumulated amount of fair value adjustments on the hedged item</span></td><td colspan="3" rowspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Balance sheet line item</span></td><td colspan="3" rowspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Change in fair value of hedged item for ineffectiveness assessment</span></td><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Cash flow reserves or conversion reserves</span></td></tr><tr style="height:18pt"><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Continuing hedges</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Discontinued hedges</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">134,095</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">26,946</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(1,798)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(1,652)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">1,928</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">130,672 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">19,176 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1,682)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1,546)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,757 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">637 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,365 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(3)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">60 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest and Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,786 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">6,405 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(115)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(103)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">111 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(1,824)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(813)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(173)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(2,182)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(797)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(77)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">500 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(80)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest and Exchange rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">100 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(144)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(233)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">196 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(96)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Equity risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(9)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">12 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Net foreign investments hedges</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">18,706</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">1,888</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(8,684)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">18,706 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,888 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(8,684)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">152,801</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">26,946</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(1,798)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(1,652)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">1,992</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(9,497)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(173)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:16.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.862%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.307%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.085%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.085%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.016%"></td><td style="width:0.1%"></td></tr><tr style="height:11pt"><td colspan="3" rowspan="4" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="27" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr style="height:11pt"><td colspan="27" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">31 December 2022</span></td></tr><tr style="height:33pt"><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Carrying amount of hedged items</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Accumulated amount of fair value adjustments on the hedged item</span></td><td colspan="3" rowspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Balance sheet line item</span></td><td colspan="3" rowspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Change in fair value of hedged item for ineffectiveness assessment</span></td><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Cash flow reserves or conversion reserves</span></td></tr><tr style="height:18pt"><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Continuing hedges</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Discontinued hedges</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">126,665</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">59,837</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(5,487)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(3,581)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Loans and advances / Deposits and Debt securities / Debt securities issued</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(3,232)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">121,605 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">53,239 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(5,069)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(3,428)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(2,397)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,792 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,040 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(284)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(7)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest and Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,126 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">5,558 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(134)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(153)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(826)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">142 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:11pt"><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">475</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(3,353)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(225)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,458 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(2,973)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(75)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1,764)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(88)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(2)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest and Exchange rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">39 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(309)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(258)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">14 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(149)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Equity risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:11pt"><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Net foreign investments hedges</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">22,614</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2,467</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(6,750)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">22,614 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,467 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(6,750)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">149,279</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">59,837</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(5,487)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(3,581)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(290)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(10,103)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(225)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:16.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.011%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.017%"></td><td style="width:0.1%"></td></tr><tr style="height:11pt"><td colspan="3" rowspan="4" style="border-bottom:1pt solid #ec0000;padding:0 1pt"></td><td colspan="27" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr style="height:11pt"><td colspan="27" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">31 December 2021</span></td></tr><tr style="height:33pt"><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Carrying amount of hedged items</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Accumulated amount of fair value adjustments on the hedged item</span></td><td colspan="3" rowspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Balance sheet line item</span></td><td colspan="3" rowspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Change in fair value of hedged item for ineffectiveness assessment</span></td><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Cash flow reserves or conversion reserves</span></td></tr><tr style="height:18pt"><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Continuing hedges</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Discontinued hedges</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">193,949</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">51,395</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">462</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">453</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Loans and advances / Deposits and Debt securities / Debt securities issued</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(1,061)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">125,479 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">47,347 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">727 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">366 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(543)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">64,531 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(282)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(343)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest and Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3,714 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">4,048 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">15 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">87 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(173)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">46 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">179 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:11pt"><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">1,639</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(414)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(148)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">494 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(540)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(52)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">115 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">81 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">8 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest and Exchange rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">778 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">330 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">249 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(289)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(104)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Equity risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:11pt"><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Net foreign investments hedges</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">25,594</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">1,159</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(4,283)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">25,594 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,159 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(4,283)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">219,543</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">51,395</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">462</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">453</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">1,737</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(4,697)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(148)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>
CY2023Q4	ifrs-full	Hedged Item Assets HedgedItemAssets	152801000000	eur
CY2023Q4	ifrs-full	Hedged Item Liabilities HedgedItemLiabilities	26946000000	eur
CY2023Q4	san	Accumulated Fair Value Hedge Adjustment On Hedged Item Recognised As Asset Macro And Micro Hedges AccumulatedFairValueHedgeAdjustmentOnHedgedItemRecognisedAsAssetMacroAndMicroHedges	-1798000000	eur
CY2023Q4	san	Accumulated Fair Value Hedge Adjustment On Hedged Item Recognised As Liability Macro And Micro AccumulatedFairValueHedgeAdjustmentOnHedgedItemRecognisedAsLiabilityMacroAndMicro	-1652000000	eur
CY2023	ifrs-full	Gain Loss On Change In Fair Value Of Hedged Item Used As Basis For Recognising Hedge Ineffectiveness GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness	1992000000	eur
CY2023Q4	san	Cash Flow Reserves Or Conversion Reserves Continuing Hedges CashFlowReservesOrConversionReservesContinuingHedges	-9497000000	eur
CY2023Q4	san	Cash Flow Reserves Or Conversion Reserves Discontinued Hedges CashFlowReservesOrConversionReservesDiscontinuedHedges	-173000000	eur
CY2022Q4	ifrs-full	Hedged Item Assets HedgedItemAssets	149279000000	eur
CY2022Q4	ifrs-full	Hedged Item Liabilities HedgedItemLiabilities	59837000000	eur
CY2022Q4	san	Accumulated Fair Value Hedge Adjustment On Hedged Item Recognised As Asset Macro And Micro Hedges AccumulatedFairValueHedgeAdjustmentOnHedgedItemRecognisedAsAssetMacroAndMicroHedges	-5487000000	eur
CY2022Q4	san	Accumulated Fair Value Hedge Adjustment On Hedged Item Recognised As Liability Macro And Micro AccumulatedFairValueHedgeAdjustmentOnHedgedItemRecognisedAsLiabilityMacroAndMicro	-3581000000	eur
CY2022	ifrs-full	Gain Loss On Change In Fair Value Of Hedged Item Used As Basis For Recognising Hedge Ineffectiveness GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness	-290000000	eur
CY2022Q4	san	Cash Flow Reserves Or Conversion Reserves Continuing Hedges CashFlowReservesOrConversionReservesContinuingHedges	-10103000000	eur
CY2022Q4	san	Cash Flow Reserves Or Conversion Reserves Discontinued Hedges CashFlowReservesOrConversionReservesDiscontinuedHedges	-225000000	eur
CY2021Q4	ifrs-full	Hedged Item Assets HedgedItemAssets	219543000000	eur
CY2021Q4	ifrs-full	Hedged Item Liabilities HedgedItemLiabilities	51395000000	eur
CY2021Q4	san	Accumulated Fair Value Hedge Adjustment On Hedged Item Recognised As Asset Macro And Micro Hedges AccumulatedFairValueHedgeAdjustmentOnHedgedItemRecognisedAsAssetMacroAndMicroHedges	462000000	eur
CY2021Q4	san	Accumulated Fair Value Hedge Adjustment On Hedged Item Recognised As Liability Macro And Micro AccumulatedFairValueHedgeAdjustmentOnHedgedItemRecognisedAsLiabilityMacroAndMicro	453000000	eur
CY2021	ifrs-full	Gain Loss On Change In Fair Value Of Hedged Item Used As Basis For Recognising Hedge Ineffectiveness GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness	1737000000	eur
CY2021Q4	san	Cash Flow Reserves Or Conversion Reserves Continuing Hedges CashFlowReservesOrConversionReservesContinuingHedges	-4697000000	eur
CY2021Q4	san	Cash Flow Reserves Or Conversion Reserves Discontinued Hedges CashFlowReservesOrConversionReservesDiscontinuedHedges	-148000000	eur
CY2023Q4	ifrs-full	Accumulated Fair Value Hedge Adjustment Remaining In Statement Of Financial Position For Hedged Item That Ceased To Be Adjusted For Hedging Gains And Losses Assets AccumulatedFairValueHedgeAdjustmentRemainingInStatementOfFinancialPositionForHedgedItemThatCeasedToBeAdjustedForHedgingGainsAndLossesAssets	1006000000	eur
CY2022Q4	ifrs-full	Accumulated Fair Value Hedge Adjustment Remaining In Statement Of Financial Position For Hedged Item That Ceased To Be Adjusted For Hedging Gains And Losses Assets AccumulatedFairValueHedgeAdjustmentRemainingInStatementOfFinancialPositionForHedgedItemThatCeasedToBeAdjustedForHedgingGainsAndLossesAssets	-756000000	eur
CY2021Q4	ifrs-full	Accumulated Fair Value Hedge Adjustment Remaining In Statement Of Financial Position For Hedged Item That Ceased To Be Adjusted For Hedging Gains And Losses Assets AccumulatedFairValueHedgeAdjustmentRemainingInStatementOfFinancialPositionForHedgedItemThatCeasedToBeAdjustedForHedgingGainsAndLossesAssets	460000000	eur
CY2023	ifrs-full	Disclosure Of Information About Amounts That Affected Statement Of Comprehensive Income As Result Of Hedge Accounting Explanatory DisclosureOfInformationAboutAmountsThatAffectedStatementOfComprehensiveIncomeAsResultOfHedgeAccountingExplanatory	<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The net impact of the hedges are shown in the following table:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:25.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.347%"></td><td style="width:0.1%"></td></tr><tr style="height:12pt"><td colspan="3" rowspan="4" style="border-bottom:1pt solid #ec0000;padding:0 1pt"></td><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr style="height:12pt"><td colspan="15" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr style="height:38pt"><td colspan="3" rowspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Earnings/(losses) recognised in another cumulative overall result</span></td><td colspan="3" rowspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Ineffective recognised in the income statement</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Line of the income statement that includes the ineffectiveness of cash flows</span></td><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Reclassified amount of reserves to the income statement due to:</span></td></tr><tr style="height:39pt"><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gains or losses financial assets/liabilities</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cover transaction affecting the income statement</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Line of the income statement that includes reclassified items</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">59</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">72 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 7pt 0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(38)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td></tr><tr style="height:9pt"><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt 0 7pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,592</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gains or losses financial assets/liabilities</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,622)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest margin/Gains or losses financial assets/liabilities</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,179 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,647)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(416)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">164 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(431)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Inflation risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">233 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(128)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net foreign investments hedges</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,888)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,888)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">704</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">63</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,622)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td></tr></table><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"> </span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:25.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.347%"></td><td style="width:0.1%"></td></tr><tr style="height:12pt"><td colspan="3" rowspan="4" style="border-bottom:1pt solid #ec0000;padding:0 1pt"></td><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr style="height:12pt"><td colspan="15" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2022</span></td></tr><tr style="height:38pt"><td colspan="3" rowspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Earnings/(losses) recognised in another cumulative overall result</span></td><td colspan="3" rowspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Ineffective coverage recognised in the income statement</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Line of the income statement that includes the ineffectiveness of cash flows</span></td><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Reclassified amount of reserves to the income statement due to:</span></td></tr><tr style="height:39pt"><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gains or losses financial assets/liabilities</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cover transaction affecting the income statement</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Line of the income statement that includes reclassified items</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">119</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">155 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 7pt 0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(20)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td></tr><tr style="height:9pt"><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(3,016)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(45)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gains or losses financial assets/liabilities</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,254</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest margin/Gains or losses financial assets/liabilities</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,458)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(370)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(178)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,130 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(638)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(39)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">587 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Inflation risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">258 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,093)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net foreign investments hedges<br/>hedges</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,467)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,467)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(5,483)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">74</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,254</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:27.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.346%"></td><td style="width:0.1%"></td></tr><tr style="height:12pt"><td colspan="3" rowspan="4" style="border-bottom:1pt solid #ec0000;padding:0 1pt"></td><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr style="height:12pt"><td colspan="15" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2021</span></td></tr><tr style="height:38pt"><td colspan="3" rowspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Earnings/(losses) recognised in another cumulative overall result</span></td><td colspan="3" rowspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Ineffective coverage recognised in the income statement</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Line of the income statement that includes the ineffectiveness of cash flows</span></td><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Reclassified amount of reserves to the income statement due to:</span></td></tr><tr style="height:38pt"><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gains or losses financial assets/liabilities</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cover transaction affecting the income statement</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Line of the income statement that includes reclassified items</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Risk of Exchange rate</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(55)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Risk of interest rate and exchange rate</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr style="height:9pt"><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(938)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(64)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gains or losses financial assets/liabilities</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(801)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest margin/Gains or losses financial assets/liabilities</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(491)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(34)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">269 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">155 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(262)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(350)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(35)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(350)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Inflation risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(249)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(458)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity risk</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net foreign investments<br/>hedges</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,159)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,159)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,097)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(46)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(801)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td></tr></table></div>
CY2023	san	Gain Loss On Hedging Instrument Recognised In Other Comprehensive Income GainLossOnHedgingInstrumentRecognisedInOtherComprehensiveIncome	704000000	eur
CY2023	ifrs-full	Gain Loss On Hedge Ineffectiveness Recognised In Profit Or Loss GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss	63000000	eur
CY2023	san	Reclassification Adjustments Of Cover Transaction Affecting Profit Or Loss Before Tax ReclassificationAdjustmentsOfCoverTransactionAffectingProfitOrLossBeforeTax	2622000000	eur
CY2022	san	Gain Loss On Hedging Instrument Recognised In Other Comprehensive Income GainLossOnHedgingInstrumentRecognisedInOtherComprehensiveIncome	-5483000000	eur
CY2022	ifrs-full	Gain Loss On Hedge Ineffectiveness Recognised In Profit Or Loss GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss	74000000	eur
CY2022	san	Reclassification Adjustments Of Cover Transaction Affecting Profit Or Loss Before Tax ReclassificationAdjustmentsOfCoverTransactionAffectingProfitOrLossBeforeTax	-1254000000	eur
CY2021	san	Gain Loss On Hedging Instrument Recognised In Other Comprehensive Income GainLossOnHedgingInstrumentRecognisedInOtherComprehensiveIncome	-2097000000	eur
CY2021	ifrs-full	Gain Loss On Hedge Ineffectiveness Recognised In Profit Or Loss GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss	-46000000	eur
CY2021	san	Reclassification Adjustments Of Cover Transaction Affecting Profit Or Loss Before Tax ReclassificationAdjustmentsOfCoverTransactionAffectingProfitOrLossBeforeTax	801000000	eur
CY2022Q4	san	Reserve Of Hedging Instruments ReserveOfHedgingInstruments	-9187000000	eur
CY2021Q4	san	Reserve Of Hedging Instruments ReserveOfHedgingInstruments	-4559000000	eur
CY2020Q4	san	Reserve Of Hedging Instruments ReserveOfHedgingInstruments	-2829000000	eur
CY2023Q4	san	Reserve Of Hedging Instruments ReserveOfHedgingInstruments	-9424000000	eur
CY2022Q4	san	Reserve Of Hedging Instruments ReserveOfHedgingInstruments	-9187000000	eur
CY2021Q4	san	Reserve Of Hedging Instruments ReserveOfHedgingInstruments	-4559000000	eur
CY2023	ifrs-full	Disclosure Of Discontinued Operations Explanatory DisclosureOfDiscontinuedOperationsExplanatory	Discontinued operations<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">No operations were discontinued in 2023, 2022 or 2021.</span></div>
CY2023	ifrs-full	Disclosure Of Interest Income Explanatory DisclosureOfInterestIncomeExplanatory	Interest income<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Interest and similar income in the consolidated income statement comprises the interest accruing in the year on all financial assets with an implicit or explicit return, calculated by applying the effective interest method, irrespective of measurement at fair value; and the rectifications of income as a result of hedge accounting. Interest is recognised gross, without deducting any tax withheld at source.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The detail of the main interest and similar income items earned in 2023, 2022 and 2021 is as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.474%"><tr><td style="width:1.0%"></td><td style="width:57.104%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.831%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.831%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.834%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances, central banks</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,959 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,606 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">476 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances, credit institutions</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,361 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,186 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">916 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt instruments</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,501 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,416 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,724 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances, customers</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">70,619 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">54,110 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38,649 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other interest</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,812 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,112 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">698 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">105,252</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">71,430</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">46,463</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Mainly include the rectification of income originating from accounting hedges as well as interest on balances in central banks and on demand credit institutions.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Most of the interest and similar income was generated by the Group’s financial assets that are measured either at amortised cost or at fair value through other comprehensive income.</span></div>
CY2023	ifrs-full	Interest Income On Loans And Advances To Banks InterestIncomeOnLoansAndAdvancesToBanks	1959000000	eur
CY2022	ifrs-full	Interest Income On Loans And Advances To Banks InterestIncomeOnLoansAndAdvancesToBanks	1606000000	eur
CY2021	ifrs-full	Interest Income On Loans And Advances To Banks InterestIncomeOnLoansAndAdvancesToBanks	476000000	eur
CY2023	san	Interest Income On Loans And Advances To Credit Institutions InterestIncomeOnLoansAndAdvancesToCreditInstitutions	5361000000	eur
CY2022	san	Interest Income On Loans And Advances To Credit Institutions InterestIncomeOnLoansAndAdvancesToCreditInstitutions	2186000000	eur
CY2021	san	Interest Income On Loans And Advances To Credit Institutions InterestIncomeOnLoansAndAdvancesToCreditInstitutions	916000000	eur
CY2023	ifrs-full	Interest Income On Debt Instruments Held InterestIncomeOnDebtInstrumentsHeld	14501000000	eur
CY2022	ifrs-full	Interest Income On Debt Instruments Held InterestIncomeOnDebtInstrumentsHeld	10416000000	eur
CY2021	ifrs-full	Interest Income On Debt Instruments Held InterestIncomeOnDebtInstrumentsHeld	5724000000	eur
CY2023	ifrs-full	Interest Income On Loans And Advances To Customers InterestIncomeOnLoansAndAdvancesToCustomers	70619000000	eur
CY2022	ifrs-full	Interest Income On Loans And Advances To Customers InterestIncomeOnLoansAndAdvancesToCustomers	54110000000	eur
CY2021	ifrs-full	Interest Income On Loans And Advances To Customers InterestIncomeOnLoansAndAdvancesToCustomers	38649000000	eur
CY2023	san	Interest Income On Financial Assets Other Than Loans And Advances And Debt Instruments InterestIncomeOnFinancialAssetsOtherThanLoansAndAdvancesAndDebtInstruments	12812000000	eur
CY2022	san	Interest Income On Financial Assets Other Than Loans And Advances And Debt Instruments InterestIncomeOnFinancialAssetsOtherThanLoansAndAdvancesAndDebtInstruments	3112000000	eur
CY2021	san	Interest Income On Financial Assets Other Than Loans And Advances And Debt Instruments InterestIncomeOnFinancialAssetsOtherThanLoansAndAdvancesAndDebtInstruments	698000000	eur
CY2023	ifrs-full	Revenue From Interest RevenueFromInterest	105252000000	eur
CY2022	ifrs-full	Revenue From Interest RevenueFromInterest	71430000000	eur
CY2021	ifrs-full	Revenue From Interest RevenueFromInterest	46463000000	eur
CY2023	ifrs-full	Disclosure Of Interest Expense Explanatory DisclosureOfInterestExpenseExplanatory	Interest expense<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Interest expense and similar charges in the consolidated income statement includes the interest accruing in the year on all financial liabilities with an implicit or explicit return, including remuneration in kind, calculated by applying the effective interest method, irrespective of measurement at fair value; the rectifications of cost as a result of hedge accounting; and the interest cost attributable to provisions recorded for pensions.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The detail of the main items of interest expense and similar charges accrued in 2023, 2022 and 2021 is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:58.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.480%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.480%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.481%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks deposits</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,178 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">706 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">338 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit institution deposits</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,172 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,784 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,140 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer deposits</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33,238 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,994 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,452 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities issued and subordinated liabilities</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,751 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,464 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,838 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Marketable debt securities</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11,702 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,472 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,190 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Subordinated liabilities (note 23)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,049 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">992 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">648 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions for pensions (note 25)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">94 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">100 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">91 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Lease Liabilities</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">130 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">116 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">125 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other interest expense</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,428 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,647 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,109 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">61,991</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">32,811</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,093</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Most of the interest expense and similar charges was generated by the Group’s financial liabilities that are measured at amortised cost.</span></div>
CY2023	ifrs-full	Interest Expense On Liabilities Due To Central Banks InterestExpenseOnLiabilitiesDueToCentralBanks	2178000000	eur
CY2022	ifrs-full	Interest Expense On Liabilities Due To Central Banks InterestExpenseOnLiabilitiesDueToCentralBanks	706000000	eur
CY2021	ifrs-full	Interest Expense On Liabilities Due To Central Banks InterestExpenseOnLiabilitiesDueToCentralBanks	338000000	eur
CY2023	ifrs-full	Interest Expense On Deposits From Banks InterestExpenseOnDepositsFromBanks	7172000000	eur
CY2022	ifrs-full	Interest Expense On Deposits From Banks InterestExpenseOnDepositsFromBanks	2784000000	eur
CY2021	ifrs-full	Interest Expense On Deposits From Banks InterestExpenseOnDepositsFromBanks	1140000000	eur
CY2023	ifrs-full	Interest Expense On Deposits From Customers InterestExpenseOnDepositsFromCustomers	33238000000	eur
CY2022	ifrs-full	Interest Expense On Deposits From Customers InterestExpenseOnDepositsFromCustomers	16994000000	eur
CY2021	ifrs-full	Interest Expense On Deposits From Customers InterestExpenseOnDepositsFromCustomers	5452000000	eur
CY2023	ifrs-full	Interest Expense On Debt Instruments Issued InterestExpenseOnDebtInstrumentsIssued	12751000000	eur
CY2022	ifrs-full	Interest Expense On Debt Instruments Issued InterestExpenseOnDebtInstrumentsIssued	8464000000	eur
CY2021	ifrs-full	Interest Expense On Debt Instruments Issued InterestExpenseOnDebtInstrumentsIssued	4838000000	eur
CY2023	san	Interest Expense On Debt Instruments Issued Marketable Debt Securities InterestExpenseOnDebtInstrumentsIssuedMarketableDebtSecurities	11702000000	eur
CY2022	san	Interest Expense On Debt Instruments Issued Marketable Debt Securities InterestExpenseOnDebtInstrumentsIssuedMarketableDebtSecurities	7472000000	eur
CY2021	san	Interest Expense On Debt Instruments Issued Marketable Debt Securities InterestExpenseOnDebtInstrumentsIssuedMarketableDebtSecurities	4190000000	eur
CY2023	san	Interest Expense On Debt Instruments Issued Subordinated Liabilities InterestExpenseOnDebtInstrumentsIssuedSubordinatedLiabilities	1049000000	eur
CY2022	san	Interest Expense On Debt Instruments Issued Subordinated Liabilities InterestExpenseOnDebtInstrumentsIssuedSubordinatedLiabilities	992000000	eur
CY2021	san	Interest Expense On Debt Instruments Issued Subordinated Liabilities InterestExpenseOnDebtInstrumentsIssuedSubordinatedLiabilities	648000000	eur
CY2023	san	Pension Interest Expense Charged To Provision PensionInterestExpenseChargedToProvision	94000000	eur
CY2022	san	Pension Interest Expense Charged To Provision PensionInterestExpenseChargedToProvision	100000000	eur
CY2021	san	Pension Interest Expense Charged To Provision PensionInterestExpenseChargedToProvision	91000000	eur
CY2023	ifrs-full	Interest Expense On Lease Liabilities InterestExpenseOnLeaseLiabilities	130000000	eur
CY2022	ifrs-full	Interest Expense On Lease Liabilities InterestExpenseOnLeaseLiabilities	116000000	eur
CY2021	ifrs-full	Interest Expense On Lease Liabilities InterestExpenseOnLeaseLiabilities	125000000	eur
CY2023	ifrs-full	Interest Expense On Other Financial Liabilities InterestExpenseOnOtherFinancialLiabilities	6428000000	eur
CY2022	ifrs-full	Interest Expense On Other Financial Liabilities InterestExpenseOnOtherFinancialLiabilities	3647000000	eur
CY2021	ifrs-full	Interest Expense On Other Financial Liabilities InterestExpenseOnOtherFinancialLiabilities	1109000000	eur
CY2023	ifrs-full	Interest Expense InterestExpense	61991000000	eur
CY2022	ifrs-full	Interest Expense InterestExpense	32811000000	eur
CY2021	ifrs-full	Interest Expense InterestExpense	13093000000	eur
CY2021	san	Brokerage Fee Income Securities Underwriting And Placement BrokerageFeeIncomeSecuritiesUnderwritingAndPlacement	431000000	eur
CY2023	ifrs-full	Disclosure Of Dividends Explanatory DisclosureOfDividendsExplanatory	Dividend income<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Dividend income includes the dividends and payments on equity instruments out of profits generated by investees after the acquisition of the equity interest.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The detail of income from dividends as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:53.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.023%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.023%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.025%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#424242;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dividend income classified as:</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets held for trading</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">415 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">366 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">369 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-trading financial assets mandatorily at fair value through profit or loss</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">68 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets at fair value through other comprehensive income</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">88 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">87 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">112 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">571</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">488</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">513</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>
CY2023	ifrs-full	Revenue From Dividends RevenueFromDividends	571000000	eur
CY2022	ifrs-full	Revenue From Dividends RevenueFromDividends	488000000	eur
CY2021	ifrs-full	Revenue From Dividends RevenueFromDividends	513000000	eur
CY2023	san	Credit Related Fee And Commission Income Bills CreditRelatedFeeAndCommissionIncomeBills	232000000	eur
CY2022	san	Credit Related Fee And Commission Income Bills CreditRelatedFeeAndCommissionIncomeBills	245000000	eur
CY2021	san	Credit Related Fee And Commission Income Bills CreditRelatedFeeAndCommissionIncomeBills	214000000	eur
CY2023	san	Credit Related Fee And Commission Income Demand Accounts CreditRelatedFeeAndCommissionIncomeDemandAccounts	1457000000	eur
CY2022	san	Credit Related Fee And Commission Income Demand Accounts CreditRelatedFeeAndCommissionIncomeDemandAccounts	1526000000	eur
CY2021	san	Credit Related Fee And Commission Income Demand Accounts CreditRelatedFeeAndCommissionIncomeDemandAccounts	1408000000	eur
CY2023	san	Credit Related Fee And Commission Income Cards CreditRelatedFeeAndCommissionIncomeCards	4278000000	eur
CY2022	san	Credit Related Fee And Commission Income Cards CreditRelatedFeeAndCommissionIncomeCards	4012000000	eur
CY2021	san	Credit Related Fee And Commission Income Cards CreditRelatedFeeAndCommissionIncomeCards	3138000000	eur
CY2023	san	Credit Related Fee And Commission Income Orders CreditRelatedFeeAndCommissionIncomeOrders	698000000	eur
CY2022	san	Credit Related Fee And Commission Income Orders CreditRelatedFeeAndCommissionIncomeOrders	625000000	eur
CY2021	san	Credit Related Fee And Commission Income Orders CreditRelatedFeeAndCommissionIncomeOrders	503000000	eur
CY2023	san	Credit Related Fee And Commission Income Cheques And Other CreditRelatedFeeAndCommissionIncomeChequesAndOther	128000000	eur
CY2022	san	Credit Related Fee And Commission Income Cheques And Other CreditRelatedFeeAndCommissionIncomeChequesAndOther	172000000	eur
CY2021	san	Credit Related Fee And Commission Income Cheques And Other CreditRelatedFeeAndCommissionIncomeChequesAndOther	139000000	eur
CY2023	ifrs-full	Creditrelated Fee And Commission Income CreditrelatedFeeAndCommissionIncome	6793000000	eur
CY2022	ifrs-full	Creditrelated Fee And Commission Income CreditrelatedFeeAndCommissionIncome	6580000000	eur
CY2021	ifrs-full	Creditrelated Fee And Commission Income CreditrelatedFeeAndCommissionIncome	5402000000	eur
CY2023	san	Portfolio And Other Management Fee Income Investment Funds PortfolioAndOtherManagementFeeIncomeInvestmentFunds	1092000000	eur
CY2022	san	Portfolio And Other Management Fee Income Investment Funds PortfolioAndOtherManagementFeeIncomeInvestmentFunds	1017000000	eur
CY2021	san	Portfolio And Other Management Fee Income Investment Funds PortfolioAndOtherManagementFeeIncomeInvestmentFunds	992000000	eur
CY2023	san	Portfolio And Other Management Fee Income Pension Funds PortfolioAndOtherManagementFeeIncomePensionFunds	178000000	eur
CY2022	san	Portfolio And Other Management Fee Income Pension Funds PortfolioAndOtherManagementFeeIncomePensionFunds	167000000	eur
CY2021	san	Portfolio And Other Management Fee Income Pension Funds PortfolioAndOtherManagementFeeIncomePensionFunds	161000000	eur
CY2023	san	Portfolio And Other Management Fee Income Insurance PortfolioAndOtherManagementFeeIncomeInsurance	2715000000	eur
CY2022	san	Portfolio And Other Management Fee Income Insurance PortfolioAndOtherManagementFeeIncomeInsurance	2743000000	eur
CY2021	san	Portfolio And Other Management Fee Income Insurance PortfolioAndOtherManagementFeeIncomeInsurance	2467000000	eur
CY2023	ifrs-full	Portfolio And Other Management Fee Income PortfolioAndOtherManagementFeeIncome	3985000000	eur
CY2022	ifrs-full	Portfolio And Other Management Fee Income PortfolioAndOtherManagementFeeIncome	3927000000	eur
CY2021	ifrs-full	Portfolio And Other Management Fee Income PortfolioAndOtherManagementFeeIncome	3620000000	eur
CY2023	san	Brokerage Fee Income Securities Underwriting And Placement BrokerageFeeIncomeSecuritiesUnderwritingAndPlacement	511000000	eur
CY2022	san	Brokerage Fee Income Securities Underwriting And Placement BrokerageFeeIncomeSecuritiesUnderwritingAndPlacement	438000000	eur
CY2023	san	Brokerage Fee Income Securities Trading BrokerageFeeIncomeSecuritiesTrading	348000000	eur
CY2022	san	Brokerage Fee Income Securities Trading BrokerageFeeIncomeSecuritiesTrading	339000000	eur
CY2021	san	Brokerage Fee Income Securities Trading BrokerageFeeIncomeSecuritiesTrading	319000000	eur
CY2023	san	Brokerage Fee Income Administration And Custody BrokerageFeeIncomeAdministrationAndCustody	354000000	eur
CY2022	san	Brokerage Fee Income Administration And Custody BrokerageFeeIncomeAdministrationAndCustody	321000000	eur
CY2021	san	Brokerage Fee Income Administration And Custody BrokerageFeeIncomeAdministrationAndCustody	402000000	eur
CY2023	san	Brokerage Fee Income Asset Management BrokerageFeeIncomeAssetManagement	341000000	eur
CY2022	san	Brokerage Fee Income Asset Management BrokerageFeeIncomeAssetManagement	446000000	eur
CY2021	san	Brokerage Fee Income Asset Management BrokerageFeeIncomeAssetManagement	369000000	eur
CY2023	ifrs-full	Brokerage Fee Income BrokerageFeeIncome	1554000000	eur
CY2022	ifrs-full	Brokerage Fee Income BrokerageFeeIncome	1544000000	eur
CY2021	ifrs-full	Brokerage Fee Income BrokerageFeeIncome	1521000000	eur
CY2023	san	Other Fee And Commission Income Foreign Exchange OtherFeeAndCommissionIncomeForeignExchange	846000000	eur
CY2022	san	Other Fee And Commission Income Foreign Exchange OtherFeeAndCommissionIncomeForeignExchange	822000000	eur
CY2021	san	Other Fee And Commission Income Foreign Exchange OtherFeeAndCommissionIncomeForeignExchange	522000000	eur
CY2023	san	Other Fee And Commission Income Financial Guarantees OtherFeeAndCommissionIncomeFinancialGuarantees	486000000	eur
CY2022	san	Other Fee And Commission Income Financial Guarantees OtherFeeAndCommissionIncomeFinancialGuarantees	433000000	eur
CY2021	san	Other Fee And Commission Income Financial Guarantees OtherFeeAndCommissionIncomeFinancialGuarantees	415000000	eur
CY2023	san	Other Fee And Commission Income Commitment Fees OtherFeeAndCommissionIncomeCommitmentFees	549000000	eur
CY2022	san	Other Fee And Commission Income Commitment Fees OtherFeeAndCommissionIncomeCommitmentFees	506000000	eur
CY2021	san	Other Fee And Commission Income Commitment Fees OtherFeeAndCommissionIncomeCommitmentFees	442000000	eur
CY2023	san	Other Fee And Commission Income Other Fees And Commissions OtherFeeAndCommissionIncomeOtherFeesAndCommissions	2108000000	eur
CY2022	san	Other Fee And Commission Income Other Fees And Commissions OtherFeeAndCommissionIncomeOtherFeesAndCommissions	2055000000	eur
CY2021	san	Other Fee And Commission Income Other Fees And Commissions OtherFeeAndCommissionIncomeOtherFeesAndCommissions	1890000000	eur
CY2023	ifrs-full	Other Fee And Commission Income OtherFeeAndCommissionIncome	3989000000	eur
CY2022	ifrs-full	Other Fee And Commission Income OtherFeeAndCommissionIncome	3816000000	eur
CY2021	ifrs-full	Other Fee And Commission Income OtherFeeAndCommissionIncome	3269000000	eur
CY2023	ifrs-full	Fee And Commission Income FeeAndCommissionIncome	16321000000	eur
CY2022	ifrs-full	Fee And Commission Income FeeAndCommissionIncome	15867000000	eur
CY2021	ifrs-full	Fee And Commission Income FeeAndCommissionIncome	13812000000	eur
CY2023	san	Assigned Third Party Commissions Expense AssignedThirdPartyCommissionsExpense	2644000000	eur
CY2022	san	Assigned Third Party Commissions Expense AssignedThirdPartyCommissionsExpense	2554000000	eur
CY2021	san	Assigned Third Party Commissions Expense AssignedThirdPartyCommissionsExpense	1993000000	eur
CY2023	san	Assigned Third Party Commissions Cards Expense AssignedThirdPartyCommissionsCardsExpense	1891000000	eur
CY2022	san	Assigned Third Party Commissions Cards Expense AssignedThirdPartyCommissionsCardsExpense	1872000000	eur
CY2021	san	Assigned Third Party Commissions Cards Expense AssignedThirdPartyCommissionsCardsExpense	1355000000	eur
CY2023	san	Assigned Third Party Commissions Collection Expense AssignedThirdPartyCommissionsCollectionExpense	24000000	eur
CY2022	san	Assigned Third Party Commissions Collection Expense AssignedThirdPartyCommissionsCollectionExpense	18000000	eur
CY2021	san	Assigned Third Party Commissions Collection Expense AssignedThirdPartyCommissionsCollectionExpense	16000000	eur
CY2023	san	Assigned Third Party Commissions Other Fees Expense AssignedThirdPartyCommissionsOtherFeesExpense	729000000	eur
CY2022	san	Assigned Third Party Commissions Other Fees Expense AssignedThirdPartyCommissionsOtherFeesExpense	664000000	eur
CY2021	san	Assigned Third Party Commissions Other Fees Expense AssignedThirdPartyCommissionsOtherFeesExpense	622000000	eur
CY2023	san	Other Commission And Brokerage Fees Expense OtherCommissionAndBrokerageFeesExpense	1620000000	eur
CY2022	san	Other Commission And Brokerage Fees Expense OtherCommissionAndBrokerageFeesExpense	1523000000	eur
CY2021	san	Other Commission And Brokerage Fees Expense OtherCommissionAndBrokerageFeesExpense	1317000000	eur
CY2023	ifrs-full	Brokerage Fee Expense BrokerageFeeExpense	105000000	eur
CY2022	ifrs-full	Brokerage Fee Expense BrokerageFeeExpense	77000000	eur
CY2021	ifrs-full	Brokerage Fee Expense BrokerageFeeExpense	60000000	eur
CY2023	san	Commissions On Sales Of Insurance And Pension Funds CommissionsOnSalesOfInsuranceAndPensionFunds	358000000	eur
CY2022	san	Commissions On Sales Of Insurance And Pension Funds CommissionsOnSalesOfInsuranceAndPensionFunds	340000000	eur
CY2021	san	Commissions On Sales Of Insurance And Pension Funds CommissionsOnSalesOfInsuranceAndPensionFunds	341000000	eur
CY2023	ifrs-full	Other Fee And Commission Expense OtherFeeAndCommissionExpense	1157000000	eur
CY2022	ifrs-full	Other Fee And Commission Expense OtherFeeAndCommissionExpense	1106000000	eur
CY2021	ifrs-full	Other Fee And Commission Expense OtherFeeAndCommissionExpense	916000000	eur
CY2023	ifrs-full	Fee And Commission Expense FeeAndCommissionExpense	4264000000	eur
CY2022	ifrs-full	Fee And Commission Expense FeeAndCommissionExpense	4077000000	eur
CY2021	ifrs-full	Fee And Commission Expense FeeAndCommissionExpense	3310000000	eur
CY2023	ifrs-full	Disclosure Of Financial Instruments Explanatory DisclosureOfFinancialInstrumentsExplanatory	Gains or losses on financial assets and liabilities<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The following information is presented below regarding the gains or losses recorded for financial assets or liabilities:</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i12b7059d0ecd499b819f43da7a5a9c31"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">a) Breakdown</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The detail, by origin, of Gains/losses on financial assets and liabilities:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:55.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains or losses on financial assets and liabilities not measured at fair value through profit or loss, net</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">96 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">149 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">628 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> Financial assets at amortized cost</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">89 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> Other financial assets and liabilities</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">99 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">115 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">539 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which debt instruments</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">51 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">122 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">567 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains or losses on financial assets and liabilities held for trading, net</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,322 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">842 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,141 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains or losses on non-trading financial assets and liabilities mandatory at fair value through profit or loss</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">204 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">162 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">132 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains or losses on financial assets and liabilities measured at fair value through profit or loss, net</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(93)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">968 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">270 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains or losses from hedge accounting, net</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">63 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">74 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(46)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,592</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,195</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,125</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Includes the net result obtained by transactions with debt securities, equity instruments, derivatives and short positions included in this portfolio when the Group jointly manages its risk in these instruments.</span></div><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">As explained in note 44, the above breakdown should be analysed in conjunction with the 'Exchange differences, net':</span></div><div style="margin-bottom:18pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:55.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences, net</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41 </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(542)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(562)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i464db91c091947e59c3279e3a4d2b9fd"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">b) Financial assets and liabilities at fair value through profit or loss</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The detail of the amount of the asset balances is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:54.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.717%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#424242;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and receivables:</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51,072 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,962 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34,812 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,717 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,595 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,608 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit institutions</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,520 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,175 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,549 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,835 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,192 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,655 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt instruments</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">66,079 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45,079 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30,223 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,125 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,777 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,119 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">56,328 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">67,002 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">54,292 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">192,604</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">170,820</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">138,446</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander mitigates and reduces this exposure as follows:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">With respect to derivatives, the Group has entered into framework agreements with a large number of credit institutions and customers for the netting-off of asset positions and the provision of collateral for non-payment.</span></div><div style="margin-bottom:9pt;padding-left:9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At 31 December 2023 the exposure to credit risk of the derivatives presented in the balance sheet is not significant because they are subject to netting and collateral agreements (see note 2.f).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Loans and advances to credit institutions and Loans and advances includes reverse repos amounting to EUR 44,567 million at 31 December 2023.</span></div><div style="margin-bottom:9pt;padding-left:9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Also, mortgage-backed assets totalled EUR 788 million.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Debt instruments include EUR 51,251 million of Spanish and foreign government securities.</span></div><div style="margin-bottom:9pt;padding-left:9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At 31 December 2023 the amount of the change in the year in the fair value of financial assets at fair value through profit or loss attributable to variations in their credit risk (spread) was not material.</span></div></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The detail of the amount of the liability balances is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:51.677%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.643%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deposits</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">80,503 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62,620 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23,156 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,017 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,497 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,645 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit institutions</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,597 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,754 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,552 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51,889 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,369 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,959 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Marketable debt securities</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,371 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,427 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,454 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Short positions</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,174 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,515 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,236 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50,589 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">64,891 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53,566 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other financial liabilities</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">162,637</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">155,453</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">94,412</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At 31 December 2023, the amount of the change in the fair value of financial liabilities at fair value through profit or loss attributable to changes in their credit risk during the year is not material.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In relation to liabilities designated at fair value through profit or loss where it has been determined at initial recognition that the credit risk is recorded in accumulated 'Other comprehensive income' (see 'Statement of recognised income and expense') the amount that the Group would be contractually obliged to pay on maturity of these liabilities at 31 December 2023 is EUR 866 million higher than their carrying amount (EUR 1,044 million higher at 31 December 2022 and EUR 81 million lower at 31 December 2021).</span></div><div style="margin-bottom:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Within Deposits, there are repurchase agreements amounting to EUR 45,956 million at 31 December 2023.</span></div>
CY2023	san	Gains Losses On Financial Assets And Liabilities Not Measured At Fair Value Through Profit Or Loss Net GainsLossesOnFinancialAssetsAndLiabilitiesNotMeasuredAtFairValueThroughProfitOrLossNet	96000000	eur
CY2022	san	Gains Losses On Financial Assets And Liabilities Not Measured At Fair Value Through Profit Or Loss Net GainsLossesOnFinancialAssetsAndLiabilitiesNotMeasuredAtFairValueThroughProfitOrLossNet	149000000	eur
CY2021	san	Gains Losses On Financial Assets And Liabilities Not Measured At Fair Value Through Profit Or Loss Net GainsLossesOnFinancialAssetsAndLiabilitiesNotMeasuredAtFairValueThroughProfitOrLossNet	628000000	eur
CY2023	ifrs-full	Gains Losses On Financial Assets At Amortised Cost GainsLossesOnFinancialAssetsAtAmortisedCost	-3000000	eur
CY2022	ifrs-full	Gains Losses On Financial Assets At Amortised Cost GainsLossesOnFinancialAssetsAtAmortisedCost	34000000	eur
CY2021	ifrs-full	Gains Losses On Financial Assets At Amortised Cost GainsLossesOnFinancialAssetsAtAmortisedCost	89000000	eur
CY2023	san	Gains Losses On Financial Assets And Liabilities Not Measured At Fair Value Through Profit Or Loss Other Than Those Measured At Amortised Cost Net GainsLossesOnFinancialAssetsAndLiabilitiesNotMeasuredAtFairValueThroughProfitOrLossOtherThanThoseMeasuredAtAmortisedCostNet	99000000	eur
CY2022	san	Gains Losses On Financial Assets And Liabilities Not Measured At Fair Value Through Profit Or Loss Other Than Those Measured At Amortised Cost Net GainsLossesOnFinancialAssetsAndLiabilitiesNotMeasuredAtFairValueThroughProfitOrLossOtherThanThoseMeasuredAtAmortisedCostNet	115000000	eur
CY2021	san	Gains Losses On Financial Assets And Liabilities Not Measured At Fair Value Through Profit Or Loss Other Than Those Measured At Amortised Cost Net GainsLossesOnFinancialAssetsAndLiabilitiesNotMeasuredAtFairValueThroughProfitOrLossOtherThanThoseMeasuredAtAmortisedCostNet	539000000	eur
CY2023	san	Gains Losses On Financial Assets And Liabilities Held For Trading GainsLossesOnFinancialAssetsAndLiabilitiesHeldForTrading	2322000000	eur
CY2022	san	Gains Losses On Financial Assets And Liabilities Held For Trading GainsLossesOnFinancialAssetsAndLiabilitiesHeldForTrading	842000000	eur
CY2021	san	Gains Losses On Financial Assets And Liabilities Held For Trading GainsLossesOnFinancialAssetsAndLiabilitiesHeldForTrading	1141000000	eur
CY2023	ifrs-full	Gains Losses On Financial Assets At Fair Value Through Profit Or Loss Mandatorily Measured At Fair Value GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue	204000000	eur
CY2022	ifrs-full	Gains Losses On Financial Assets At Fair Value Through Profit Or Loss Mandatorily Measured At Fair Value GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue	162000000	eur
CY2021	ifrs-full	Gains Losses On Financial Assets At Fair Value Through Profit Or Loss Mandatorily Measured At Fair Value GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue	132000000	eur
CY2023	san	Gains Losses On Financial Assets And Liabilities At Fair Value Through Profit Or Loss GainsLossesOnFinancialAssetsAndLiabilitiesAtFairValueThroughProfitOrLoss	-93000000	eur
CY2022	san	Gains Losses On Financial Assets And Liabilities At Fair Value Through Profit Or Loss GainsLossesOnFinancialAssetsAndLiabilitiesAtFairValueThroughProfitOrLoss	968000000	eur
CY2021	san	Gains Losses On Financial Assets And Liabilities At Fair Value Through Profit Or Loss GainsLossesOnFinancialAssetsAndLiabilitiesAtFairValueThroughProfitOrLoss	270000000	eur
CY2023	san	Gains Or Losses From Hedge Accounting Net GainsOrLossesFromHedgeAccountingNet	63000000	eur
CY2022	san	Gains Or Losses From Hedge Accounting Net GainsOrLossesFromHedgeAccountingNet	74000000	eur
CY2021	san	Gains Or Losses From Hedge Accounting Net GainsOrLossesFromHedgeAccountingNet	-46000000	eur
CY2023	san	Gains Losses On Financial Assets And Liabilities Net GainsLossesOnFinancialAssetsAndLiabilitiesNet	2592000000	eur
CY2022	san	Gains Losses On Financial Assets And Liabilities Net GainsLossesOnFinancialAssetsAndLiabilitiesNet	2195000000	eur
CY2021	san	Gains Losses On Financial Assets And Liabilities Net GainsLossesOnFinancialAssetsAndLiabilitiesNet	2125000000	eur
CY2023	ifrs-full	Gains Losses On Exchange Differences On Translation Recognised In Profit Or Loss GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss	41000000	eur
CY2022	ifrs-full	Gains Losses On Exchange Differences On Translation Recognised In Profit Or Loss GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss	-542000000	eur
CY2021	ifrs-full	Gains Losses On Exchange Differences On Translation Recognised In Profit Or Loss GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss	-562000000	eur
CY2023Q4	san	Financial Assets At Fair Value Through Profit Or Loss And Non Trading Financial Assets At Fair Value Through Profit Or Loss Mandatorily Measured At Fair Value FinancialAssetsAtFairValueThroughProfitOrLossAndNonTradingFinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue	192604000000	eur
CY2022Q4	san	Financial Assets At Fair Value Through Profit Or Loss And Non Trading Financial Assets At Fair Value Through Profit Or Loss Mandatorily Measured At Fair Value FinancialAssetsAtFairValueThroughProfitOrLossAndNonTradingFinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue	170820000000	eur
CY2021Q4	san	Financial Assets At Fair Value Through Profit Or Loss And Non Trading Financial Assets At Fair Value Through Profit Or Loss Mandatorily Measured At Fair Value FinancialAssetsAtFairValueThroughProfitOrLossAndNonTradingFinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue	138446000000	eur
CY2023Q4	san	Financial Liabilities At Fair Value Through Profit Or Loss And Financial Liabilities At Fair Value Through Profit Or Loss That Meet The Definition Of Held For Trading FinancialLiabilitiesAtFairValueThroughProfitOrLossAndFinancialLiabilitiesAtFairValueThroughProfitOrLossThatMeetTheDefinitionOfHeldForTrading	162637000000	eur
CY2022Q4	san	Financial Liabilities At Fair Value Through Profit Or Loss And Financial Liabilities At Fair Value Through Profit Or Loss That Meet The Definition Of Held For Trading FinancialLiabilitiesAtFairValueThroughProfitOrLossAndFinancialLiabilitiesAtFairValueThroughProfitOrLossThatMeetTheDefinitionOfHeldForTrading	155453000000	eur
CY2021Q4	san	Financial Liabilities At Fair Value Through Profit Or Loss And Financial Liabilities At Fair Value Through Profit Or Loss That Meet The Definition Of Held For Trading FinancialLiabilitiesAtFairValueThroughProfitOrLossAndFinancialLiabilitiesAtFairValueThroughProfitOrLossThatMeetTheDefinitionOfHeldForTrading	94412000000	eur
CY2023	ifrs-full	Gains Losses Recognised In Other Comprehensive Income On Financial Liabilities At Fair Value Through Profit Or Loss Designated Upon Initial Recognition Or Subsequently GainsLossesRecognisedInOtherComprehensiveIncomeOnFinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently	866000000	eur
CY2022	ifrs-full	Gains Losses Recognised In Other Comprehensive Income On Financial Liabilities At Fair Value Through Profit Or Loss Designated Upon Initial Recognition Or Subsequently GainsLossesRecognisedInOtherComprehensiveIncomeOnFinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently	1044000000	eur
CY2021	ifrs-full	Gains Losses Recognised In Other Comprehensive Income On Financial Liabilities At Fair Value Through Profit Or Loss Designated Upon Initial Recognition Or Subsequently GainsLossesRecognisedInOtherComprehensiveIncomeOnFinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently	-81000000	eur
CY2023	ifrs-full	Disclosure Of Effect Of Changes In Foreign Exchange Rates Explanatory DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory	Exchange differences, net<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Exchange differences shows basically the gains or losses on currency dealings, the differences that arise on translations of monetary items in foreign currencies to the functional currency.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander manages the currencies to which it is exposed together with the arrangement of derivative instruments and, accordingly, the changes in this line item should be analysed together with those recognised under 'Gains/losses on financial assets and liabilities' (see note 43).</span></div>
CY2023	ifrs-full	Disclosure Of Other Operating Income Expense Explanatory DisclosureOfOtherOperatingIncomeExpenseExplanatory	Other operating income and expenses<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Other operating income and Other operating expenses in the consolidated income statements include:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:56.307%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.097%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.097%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.099%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other operating income</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,104</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,510</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,255</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non- financial services</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">752 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">770 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">291 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">352 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">740 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,964 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other operating expense</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,827)</span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,803)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,442)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-financial services</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(674)</span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(661)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(283)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating expense:</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,153)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,142)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,159)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which, credit institutions deposit guarantee fund and single resolution fund</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,119)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,258)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,016)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,723)</span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,293)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(187)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The amount of the Group recognises in relation to income from sub-leases of rights of use is not material.</span></div>
CY2023	san	Other Operating Income1 OtherOperatingIncome1	1104000000	eur
CY2022	san	Other Operating Income1 OtherOperatingIncome1	1510000000	eur
CY2021	san	Other Operating Income1 OtherOperatingIncome1	2255000000	eur
CY2023	san	Non Financial Services Other Income Operating NonFinancialServicesOtherIncomeOperating	752000000	eur
CY2022	san	Non Financial Services Other Income Operating NonFinancialServicesOtherIncomeOperating	770000000	eur
CY2021	san	Non Financial Services Other Income Operating NonFinancialServicesOtherIncomeOperating	291000000	eur
CY2023	ifrs-full	Miscellaneous Other Operating Income MiscellaneousOtherOperatingIncome	352000000	eur
CY2022	ifrs-full	Miscellaneous Other Operating Income MiscellaneousOtherOperatingIncome	740000000	eur
CY2021	ifrs-full	Miscellaneous Other Operating Income MiscellaneousOtherOperatingIncome	1964000000	eur
CY2023	san	Other Operating Expense OtherOperatingExpense	2827000000	eur
CY2022	san	Other Operating Expense OtherOperatingExpense	2803000000	eur
CY2021	san	Other Operating Expense OtherOperatingExpense	2442000000	eur
CY2023	san	Non Financial Services Other Expense Operating NonFinancialServicesOtherExpenseOperating	674000000	eur
CY2022	san	Non Financial Services Other Expense Operating NonFinancialServicesOtherExpenseOperating	661000000	eur
CY2021	san	Non Financial Services Other Expense Operating NonFinancialServicesOtherExpenseOperating	283000000	eur
CY2023	ifrs-full	Miscellaneous Other Operating Expense MiscellaneousOtherOperatingExpense	2153000000	eur
CY2022	ifrs-full	Miscellaneous Other Operating Expense MiscellaneousOtherOperatingExpense	2142000000	eur
CY2021	ifrs-full	Miscellaneous Other Operating Expense MiscellaneousOtherOperatingExpense	2159000000	eur
CY2023	san	Deposit Guarantee Fund Miscellaneous Other Operating Expense DepositGuaranteeFundMiscellaneousOtherOperatingExpense	1119000000	eur
CY2022	san	Deposit Guarantee Fund Miscellaneous Other Operating Expense DepositGuaranteeFundMiscellaneousOtherOperatingExpense	1258000000	eur
CY2021	san	Deposit Guarantee Fund Miscellaneous Other Operating Expense DepositGuaranteeFundMiscellaneousOtherOperatingExpense	1016000000	eur
CY2023	ifrs-full	Other Operating Income Expense OtherOperatingIncomeExpense	-1723000000	eur
CY2022	ifrs-full	Other Operating Income Expense OtherOperatingIncomeExpense	-1293000000	eur
CY2021	ifrs-full	Other Operating Income Expense OtherOperatingIncomeExpense	-187000000	eur
CY2023	ifrs-full	Disclosure Of Employee Benefits Explanatory DisclosureOfEmployeeBenefitsExplanatory	Staff costs<div style="margin-bottom:6pt;margin-top:9pt"><span id="i5f1e8776c56a46e9b4126ba05f5e1607"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">a) Breakdown</span></div><div style="margin-bottom:9pt;margin-top:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The detail of Staff costs is as follows:</span></div><div style="margin-bottom:15pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:59.085%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.171%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.171%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.173%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Wages and salaries</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,351 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,563 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,466 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Social Security costs</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,637 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,441 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,323 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Additions to provisions for defined benefit pension plans (note 25)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">65 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">73 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Contributions to defined contribution pension funds</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">310 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">296 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">286 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other Staff costs</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,386 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,182 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,068 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,726</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,547</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,216</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i514dd420bcc74b35ad5c136d5b0baa8c"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">b) Headcount</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:115%">The number of employees of Grupo Santander at 31 December 2023, 2022 and 2021 is 212,764, 206,462 and 199,177, respectively. For the years 2023, 2022 and 2021 the average number of employees of the Group is 211,514, 201,516 and 194,589, respectively, being the average number of employees of Banco Santander, S.A. 24,061, 23,410 and 24,512, of which 16, 17 and 19 are executive directors and Senior management, respectively. </span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The functional breakdown (final employment), by gender, at 31 December 2023 is as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:27.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.603%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.603%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.603%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.603%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.603%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.609%"></td><td style="width:0.1%"></td></tr><tr><td colspan="27" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Functional breakdown by gender</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span id="i618314e7acf040a99fcc146d3a02f0d9"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Senior executives</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other executives</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other employees</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Men</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Women</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Men</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Women</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Men</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Women</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Europe</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,073 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">500 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,704 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,629 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31,413 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38,062 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">North America</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">202 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">82 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,778 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,522 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,387 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,111 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">South America</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">305 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">141 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,878 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,708 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32,709 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39,560 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,580</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">723</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,360</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,859</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">80,509</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">98,733</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The same information, expressed in percentage terms at 31 December 2023 is as follows:</span></div><div style="margin-bottom:3pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:27.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.603%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.603%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.603%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.603%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.603%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.609%"></td><td style="width:0.1%"></td></tr><tr><td colspan="27" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Functional breakdown by gender</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span id="i7ff768a8c133402b8396de1442eea6d9"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Senior executives</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other executives</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other employees</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Men</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Women</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Men</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Women</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Men</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Women</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Europe</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">68 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">58 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">55 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">North America</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">71 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">60 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">56 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">South America</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">68 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">59 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">55 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">69</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">59</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">41</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">45</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">55</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr></table></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Includes Group Senior Executive VP, Executive VP y VP.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The labour relations between employees and the various Group companies are governed by the related collective agreements or similar regulations. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The number of employees in the Group with disabilities, distributed by professional categories, at 31 December 2023, is as follows:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:86.554%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.246%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Number of employees</span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:5.85pt;font-weight:700;line-height:105%;position:relative;top:-3.15pt;vertical-align:baseline">A</span></div></td></tr><tr><td colspan="6" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Senior executives</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other executives</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">281 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other employees</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,402 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,701</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">An employee with disabilities is considered to be a person who is recognised by the State or the company in each jurisdiction where the Group operates and that entitles them to receive direct monetary assistance, or other types of aid such as, for example, reduction of their taxes. In the case of Spain, employees with disabilities have been considered to be those with a degree of disabilities greater than or equal to 33%.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The number of Group employees with disabilities at 2022 and 2021, was 4,114 and 3,703, respectively.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Likewise, the average number of employees of Banco Santander, S.A. with disabilities, equal to or greater than 33%, during 2023 was 428 (331 and 288 employees during 2022 and 2021). At the end of fiscal year 2023, there were 436 employees (444 and 307 employees at 31 December, 2022 and 2021, respectively).</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:6pt;margin-top:9pt"><span id="i61c346e501bd4170aa9b259cfc1ec588"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">c) Share-based payments</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The main share-based payments granted by the Group in force at 31 December, 2023, 2022 and 2021 are described below.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i9f47a313bbfc4a99bac002fe97031d44"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">i. Bank</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The variable remuneration policy for the Bank’s executive directors and certain executive personnel of the Bank and of other Group companies includes Bank share-based payments, the implementation of which requires, in conformity with the law and the Bank’s Bylaws, specific resolutions to be adopted by the general meeting.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Were it necessary or advisable for legal, regulatory or other similar reasons, the delivery mechanisms described below may be adapted in specific cases without altering the maximum number of shares linked to the plan or the essential conditions to which the delivery thereof is subject. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">These adaptations may involve replacing the delivery of shares with the delivery of cash amounts of an equal value.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The plans that include share-based payments are as follows: (i) Deferred and Conditional Variable Remuneration Plan; (ii) Deferred Multiyear Objectives Variable Remuneration Plan; (iii) Digital Transformation Award, (iv) Digital Transformation Award 2022 and (v) Digital Transformation Award 2023. The characteristics of the plans are set forth below: </span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.235%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Deferred variable remuneration systems</span></div></td><td colspan="3" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Description and plan beneficiaries</span></div></td><td colspan="3" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Conditions</span></div></td><td colspan="3" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Calculation Base</span></div></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(i) Deferred and conditional variable remuneration plan (2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023)</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">The purpose of these cycles is to defer a portion of the variable remuneration of the beneficiaries over a period of three years for the sixth cycles, over <span style="-sec-ix-hidden:f-10746">three</span> or five years for the fifth, seventh, eighth, ninth, tenth and eleventh cycles, and over <span style="-sec-ix-hidden:f-10748">four</span> or five years for the twelfth cycle, for it to be paid, where appropriate, in cash and in Santander shares. The other portion of the variable remuneration is also to be paid in cash and Santander shares, upon commencement of the cycles, in accordance with the rules set forth below.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Beneficiaries:</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:105%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%;padding-left:3.85pt">Executive directors and certain executives (including senior management) and employees who assume risk, who perform control functions or receive an overall remuneration which puts them on the same remuneration level as executives and employees who assume risks (fifth cycle)</span></div><div><span><br/></span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:105%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%;padding-left:3.85pt">In the case of the sixth, seventh, eighth, ninth, tenth, eleventh twelfth and thirteenth cycle, the beneficiaries are Material Risk Takers (Identified staff) that are not beneficiaries of the Deferred Multiyear Objectives Variable Remuneration Plan.</span></div><div><span><br/></span></div></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:1pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">For the fifth and sixth cycles (2015 to 2016), the accrual of the deferred compensation is conditioned, in addition to the requirement that the beneficiary remains in the Group's employ, with the exceptions included in the plan regulations on none of the following circumstances existing during the period prior to each delivery, pursuant to the provisions set forth in each case in the plan regulations: </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:105%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%;padding-left:3.85pt">Poor financial performance of the Group.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:105%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%;padding-left:3.85pt">Breach by the beneficiary of internal regulations, including, in particular, those relating to risks.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:105%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%;padding-left:3.85pt">Material restatement of the Group's consolidated financial statements, except when it is required pursuant to a change in accounting standards.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:105%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%;padding-left:3.85pt">Significant changes in the Group’s economic capital or risk profile</span></div><div style="margin-bottom:1pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">In the case of the seventh, eighth, ninth, tenth, eleventh, twelfth and thirteenth cycles (2017 to 2022), the accrual of deferred compensation is conditioned, in addition to the permanence of the beneficiary in the Group, with the exceptions contained in the plan's regulations, to non-occurrence of a poor performance of the entity as a whole or of a specific division or area of the entity or of the exposures generated by the personnel:</span></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">i.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%;padding-left:10.75pt">significant failures in risk management by the entity , or by a business unit or risk control unit.</span></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">ii.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%;padding-left:9.1pt">the increase suffered by the entity or by a business unit of its capital needs, not foreseen at the time of generation of the exposures.</span></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">iii.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%;padding-left:7.45pt">Regulatory sanctions or judicial sentences for events that could be attributable to the unit or the personnel responsible for those. Also, the breach of internal codes of conduct of the entity.</span></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">iv.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%;padding-left:7.47pt">Irregular behaviours, whether individual or collective, considering in particular the negative effects derived from the marketing of inappropriate products and the responsibilities of the persons or bodies that made those decisions.</span></div></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Fifth cycle (2015):</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:105%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%;padding-left:3.85pt">Executive directors and members of the Identified Staff with total variable remuneration higher than 2.6 million euros: 40% paid immediately and 60% deferred over 5 years deferral period.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:105%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%;padding-left:3.85pt">Division managers, country heads (of countries which represent at least 1% of Group's economic capital), other executives of the Group with a similar profile and members of the Identified Staff with total variable remuneration between 1.7 million euros (1.8 million in fourth cycle) and 2.6 million euros: 50% paid immediately and 50% deferred over 5 years (fifth cycle)</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:105%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%;padding-left:3.85pt">Other beneficiaries: 60% paid immediately and 40% deferred over 3 years.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Sixth cycle (2016):</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:105%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%;padding-left:3.85pt">60% of bonus will be paid immediately and 40% deferred over a three years period.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Seventh, eighth, ninth, tenth and eleventh cycle (2017, 2018, 2019, 2020 and 2021):</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:105%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%;padding-left:3.85pt">Beneficiaries of these plans with target total variable remuneration higher or equal to 2.7 million euros: 40% paid immediately and 60% deferred over 5 years</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:105%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%;padding-left:3.85pt">Beneficiaries of these plans with target total variable remuneration between 1.7 million euros and 2.7 million euros: 50% paid immediately and 50%paid over 5 years</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:105%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%;padding-left:3.85pt">Other beneficiaries of these plans: 60% paid immediately and 40% deferred over 3 years.</span></div><div style="text-indent:10.91pt"><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Twelfth (2022) and thirteenth (2023) cycle:</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:105%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%;padding-left:3.85pt">Beneficiaries of these plans with target total variable remuneration higher or equal to 2.7 million euros: 40% paid immediately and 60% deferred over 5 years</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:105%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%;padding-left:3.85pt">Beneficiaries of these plans with target total variable remuneration between 1.7 million euros and 2.7 million euros: 50% paid immediately and 50% paid over 5 years</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:105%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%;padding-left:3.85pt">Other beneficiaries of these plans: 60% paid immediately and 40% deferred over 4 years .</span></div><div style="text-indent:10.91pt"><span><br/></span></div><div style="text-indent:10.91pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">T</span></div><div style="text-indent:10.91pt"><span><br/></span></div><div style="text-indent:10.91pt"><span><br/></span></div></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.235%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Deferred variable remuneration systems</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Description and plan beneficiaries</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Conditions</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Calculation Base</span></div></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(ii)Deferred Multiyear Objectives Variable Remuneration Plan (2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023)</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">The aim is simplifying the remuneration structure, improving the ex ante risk adjustment and increasing the impact of the long-term objectives on the Group’s most relevant roles. The purpose of these cycles is to defer a portion of the variable remuneration of the beneficiaries over a period of <span style="-sec-ix-hidden:f-10803">three</span> or five years (<span style="-sec-ix-hidden:f-10805">four</span> or five years for the seventh cycle) for it to be paid, where appropriate, in cash and in Santander shares; the other portion of the variable remuneration is also to be paid in cash and Santander shares (regarding the instruments part, executive directors in the seventh cycle have the opportunity to choose all in share options or half in share options and half in shares), upon commencement of the cycles, in accordance with the rules set forth below. The accrual of the last third of the deferral (in the case of 3 years deferral), the last 2 fourths (in the case of 4 years deferral) and the last three fifths (in the case of 5 years deferral) is also subject to long-term objectives.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Beneficiaries</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Executive directors, senior management and certain executives of the Group’s first lines of responsibility.</span></div><div><span><br/></span></div></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">In 2016 the accrual is conditioned, in addition to the permanence of the beneficiary in the Group, with the exceptions contained in the plan’s regulations, to non-occurrence of the following circumstances during the period prior to each of the deliveries in the terms set forth in each case in the plan’s regulations: </span></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">i.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%;padding-left:10.75pt">Poor performance of the Group.</span></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">ii.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%;padding-left:9.1pt">Breach by the beneficiary of the internal regulations, including in particular that relating to risks.</span></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">iii.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%;padding-left:7.45pt">Material restatement of the Group’s consolidated financial statements, except when appropriate under a change in accounting regulations.</span></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">iv.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%;padding-left:7.47pt">Significant changes in the Group’s economic capital or risk profile. </span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">In 2017, 2018, 2019, 2020 and 2021 the accrual is conditioned, in addition to the beneficiary' permanence in the Group, with the exceptions contained in the plan’s regulations, to the non-occurrence of poor financial performance from the entity as a whole or of a specific division or area thereof or of the exposures generated by the personnel, taking into account the following factors:</span></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">v.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%;padding-left:9.12pt">Significant failures in risk management committed by the entity, or by a business unit or risk control unit.</span></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">vi.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%;padding-left:7.47pt">the increase suffered by the entity or by a business unit of its capital needs, not foreseen at the time of generation of the exposures.</span></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">vii.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%;padding-left:5.82pt">Regulatory sanctions or court rulings for events that could be attributable to the unit or the personnel responsible for those. Also, the breach of internal codes of conduct of the entity.</span></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">viii.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%;padding-left:4.17pt">Irregular behaviours, whether individual or collective, considering in particular negative effects derived from the marketing of inappropriate products and responsibilities of persons or bodies that made those decisions.</span></div><div style="text-indent:3.83pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Paid half in cash and half in shares. In the seventh cycle, and only for executive directors: half in cash and 25% in share options and 25% in shares (unless the director chooses to receive options only). The maximum number of shares to be delivered is calculated by taking into account the weighted average daily volume of weighted average prices for the fifteen trading sessions prior to the previous Friday (excluding) on the date on which the board decides the bonus for the Executive directors of the Bank. </span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">In the eighth cycle, and for all Identified Staff: half in cash and 25% in shares and 25% in share options, or half in cash and half in shares, according to each executive´s choice.</span></div></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">First cycle (2016): </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:105%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%;padding-left:3.85pt">Executive directors and members of the Identified Staff with total variable remuneration higher than or equal to 2.7 million euros: 40% paid immediately and 60% deferred over a 5 years period. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:105%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%;padding-left:3.85pt">Senior managers, country heads of countries representing at least 1% of the Group´s capital and other members of the identified staff whose total variable remuneration is between 1.7 million and 2.7 million euros: 50% paid immediately and 50% deferred over a 5 years period. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:105%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%;padding-left:3.85pt">Other beneficiaries: 60% paid immediately and 40% deferred over a 3 years period. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">The second, third, fourth, fifth and sixth cycles (2017, 2018, 2019,2020 and 2021 respectively) are under the aforementioned deferral rules, except that the variable remuneration considered is the target for each executive and not the actual award. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">In 2016 the metrics for the deferred portion subject to long-term objectives (last third or last three fifths, respectively, for the cases of three years and five years deferrals) are: </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:105%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%;padding-left:3.85pt">Earnings per share (EPS) growth in 2018 over 2015. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:105%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%;padding-left:3.85pt">Relative Total Shareholder Return (TSR) in the 2016-2018 period measured against a group of credit institutions. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:105%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%;padding-left:3.85pt">Compliance with the fully-loaded common equity tier 1 (“CET1”) ratio target for financial year 2018. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:105%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%;padding-left:3.85pt">Compliance with Grupo Santander’s underlying return on risk-weighted assets (“RoRWA”) growth target for financial year 2018 compared to financial year 2015. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">In the second, third, fourth, fifth and sixth cycle (2017, 2018, 2019, 2020 and 2021) the metrics for the deferred portion subject to long-term objectives (last third or last three fifths, respectively, for the cases of three years and five years deferrals) are: </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:105%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%;padding-left:3.85pt">EPS growth in 2019, 2020, 2021, 2022 and 2023 (over 2016, 2017, 2018, 2019 and 2020, for each respective cycle)</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:105%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%;padding-left:3.85pt">Relative Total Shareholder Return (TSR) measured against a group of 17 credit institutions (second and third cycles) in the periods 2017-2019 and 2018-2019, respectively, and against a group of 9 entities (fourth, fifth and sixth cycle) for the 2019-2021, 2020-2022 and 2010-2023 period. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:105%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%;padding-left:3.85pt">Compliance with the fully-loaded common equity tier 1 (“CET1”) ratio target for financial years 2019, 2020, 2021,2022 and 2023, respectively. </span></div><div style="text-indent:9pt"><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">In the seventh (2022) and eighth cycle (2023), the metrics for the deferred portion subject to long-term objectives (two last fourths and last three fifths, for the cases of four years and five years deferrals) are:</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:105%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%;padding-left:3.85pt">Banco Santander's consolidated Return on tangible equity (RoTE) target in 2024 (7th cycle) and 2025 (8th cycle).</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:105%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%;padding-left:3.85pt">Relative Total Shareholder Return (TSR) measured against a group of 9 credit institutions for the period 2022-2024 (7th cycle) and 2023-2025 (8th cycle).</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:105%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%;padding-left:3.85pt">Five ESG metrics linked to our public targets of our Responsible Banking agenda.</span></div></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.235%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Deferred variable remuneration systems</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Description and plan beneficiaries</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Conditions</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Calculation Base</span></div></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(iii) Digital Transformation Award (2019, 2020 and 2021)</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">The 2019, 2020 and 2021 Digital Transformation Incentive (the “Digital Incentive”) is a variable remuneration system that includes the delivery of Santander shares and share options.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">The aim of the Digital Incentive is to attract and retain the critical skill sets to support and accelerate the digital transformation of the Group. By means of this program, the Group offers a remuneration element which is competitive with the remuneration systems offered by other market operators who also compete for digital talent.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">The number of beneficiaries is limited to a maximum of 250 employees and the total amount of the incentive is limited to 30 million euros.</span></div></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">The funding of this incentive is subject to meeting important milestones that are aligned with the Group´s digital roadmap and have been approved by the board of directors, taking into account the digitalization strategy of the Group, with the aim of becoming the best open, responsible global financial services platform.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Performance of 2019 incentive was measured based on achievement of the following milestones: (i) Launch of a Global Trade Services (GTS) platform; (ii) launch of a Global Merchant Services (GMS) platform; (iii) migration of our fully digital bank, OpenBank, to a "next generation" platform and launch in 3 markets; (iv) extension of SuperDigital in Brazil to at least one other country; (v) and launch of our international payments app based on blockchain Pago FX to non-Santander customers.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">The milestones for the 2020 Digital Transformation Award were: (i) rolling out the global merchant services (GMS) platform in 3 new geographies, enhancing the platform functionality and achieving volume targets for transactions and participating merchants; (ii) doing the commercial rollout of the global trade services (GTS) platform in 8 new geographies, enhancing platform functionality, and achieving volume targets for on-boarded clients and monthly active users; (iii) launching OpenBank in a new market and migrating the retail banking infrastructure to “new-mode” bank; (iv) launch the global platform SuperDigital in at least 4 countries, driving target active user growth; (v) deploying machine learning across pre-defined markets for 4 priority use cases, rolling out Conversion Rate Optimization (Digital marketing) for at least 40 sales programs, delivering profit targets, and driving reduction of agent handled calls in contact centers; (vi) successfully implementing initiatives related to on-board and identity services, common API (application programming interface) layer, payment hubs, mobile app for SMEs and virtual assistant services; and (vii) launching the PagoFX global platform in at least 4 countries.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">The milestones for 2021 were: (i)in relation to Pago Nxt Consumer payment platform: implementation of Superdigital platform in seven countries, acquisition of over 1.5 million active customer base and accelerating growth through B2B (business to business) and B2B2C (business to business to customer) partnerships, acquiring more than 50% of the new customers through these channels, which are more cost-effective; (ii)in relation to Digital Consumer Bank: launching online API for checkout lending in the European Union and completion of controllable items for Openbank launch in USA; (iii)in relation to One Santander strategy: implementation in Europe of One Common Mobile Experience and, specifically, implementation of Europe ONE app for individual customers in at least three of the four countries by December 2021; and be among the three-top rated entities in terms of Mobile NetPromoter Score (Mobile NPS) in at least two of the four countries by December 2021; (iv) In relation to cloud adoption: host 75% of migratable virtual machines on cloud technology (either public cloud or OHE) by December 2021. For these purposes, mainframes, physical servers and servers with non-x86 operating systems will be considered non-migratable. </span></div><div><span><br/></span></div></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">The Digital Incentive is structured 50% in Santander shares and 50% in options over Santander shares, taking into account the fair value of the option at the moment in which they are granted. For Material Risk Takers subject to five years deferrals, the Digital Incentive (shares and options over shares) shall be delivered in thirds, on the third, fourth and fifth anniversary from their granting. For Material Risk Takers subject to three years deferrals and employees not subject to deferrals, delivery shall be done on the third anniversary from their granting.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Any delivery of shares, either directly or via exercise of options overs shares, will be subject generally to the Group’s general </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">malus</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> & </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">clawback</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> provisions as described in the Group’s remuneration policy and to the continuity of the beneficiary within the Grupo Santander. In this regard, the board may define specific rules for non-Identified Staff.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Vested share options can be exercised until maturity, with all options lapsing after ten years (for granting the 2019 incentive) and eight years (for granting the 2020 and 2021 incentive).</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">The total achievement for 2021 Digital Incentive was 77.5% (85% en 2020 and 83% en 2019).</span></div></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:31.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:30.605%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Deferred variable remuneration systems</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Description and plan beneficiaries</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Conditions</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Calculation base</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(iv) Digital Transformation Award (2022)</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">The board of directors approved the 2022 Digital</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Transformation Incentive. It is a variable remuneration scheme</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">splits in two different blocks:</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">• The first one, with the same mechanism than previous years,</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">that delivers Santander shares and share options if the group hits major milestones on its digital roadmap. This is aimed at a group of up to 250 (is limited to 30 million euros)employees whose functions are deemed essential to Santander’s growth.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">• And the second one, which delivers PagoNxt, S.L. RSUs and premium prices options (PPOs), and is aimed at up to 50</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">employees (and limited to 15 million euros) whose roles are considered key to PagoNxt’s success.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">The aim of the Digital Incentive is to attract and retain the critical skill sets to support and accelerate the digital transformation of the Group. By means of this program, the Group offers a remuneration element which is competitive with the remuneration systems offered by other market operators who also compete for digital talent.</span></div></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Performance of the first block of the incentive shall be measured based on achievement of the following milestones:</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">i. Edelweiss: Our Santander future retail architecture EDELWEISS will mean moving from our current Core centric banking architecture towards a Customer and Data-Centric Core supported by lean Record Processing engines. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">ii. Simplification: Speed up the simplification of our technology platform and business model by Reducing the total number of applications in production and reducing number of products in the regions.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">iii. Agile: Agile ways of working enable a better and faster reaction to customers’ needs and is based on a value-driven delivery that increases efficiency by reducing time-to-market and development costs, and increasing quality. People working in Agile are more collaborative, engaged, empowered and creative. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">iv. In Digital Consumer Bank:</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">a) To create the BNPL platform connected to at least one merchant in Netherlands and Germany, and to make sure the platform is ready to connect in Spain.</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">b) To support the definition of Openbank US’s IT digital strategy and achieve 2022 milestones in it.</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">c) To have the new leasing platform connected to dealers in Italy.</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">d) To expand the Wabi B2B online business to Germany. To execute the first B2B deal with an Original Equipment Manufacturer or mobility player in at least one country. To expand coches.com business and platform to Portugal.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">And in regard to the second block of digital incentive: the consolidation of PagoNxt Core Perimeter.</span></div><div><span><br/></span></div></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">The first block of thee Digital Incentive is structured 50% in Santander shares and 50% in options over Santander shares, taking into account the fair value of the option at the moment in which they are granted. For Material Risk Takers subject to five years deferrals, the Digital Incentive (shares and options over shares) shall be delivered in thirds, on the third, fourth and fifth anniversary from their granting. For Material Risk Takers subject to three years deferrals and employees not subject to deferrals, delivery shall be done on the third anniversary from their granting.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Any delivery of shares, either directly or via exercise of options overs shares, will be subject generally to the Group’s general </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">malus</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> & </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">clawback</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> provisions as described in the Group’s remuneration policy and to the continuity of the beneficiary within the Grupo Santander. In this regard, the board may define specific rules for non-Identified Staff.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Vested share options can be exercised until maturity, with all options lapsing after ten years.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">The total achievement for 2022 Digital Incentive was 96.5%.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">The second block of Digital Incentive is structures in restricted stock units (RSUs) and premium priced Options (PPOs) of PagoNxt S.L. in a percentage determined by the internal category of the beneficiary. The total achievement for 2022 was 100%.</span></div></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:31.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:30.605%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(iv) Digital Transformation Award (2023)</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">The board of directors approved the 2022 Digital</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Transformation Incentive. It is a variable remuneration scheme which delivers PagoNxt, S.L. RSUs and premium prices options (PPOs), and is aimed at up to 50</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">employees (and limited to 15 million euros) whose roles are considered key to PagoNxt’s success.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">With this program, the Group offers a remuneration element which is competitive with the remuneration systems offered by other market operators who also compete for digital talent.</span></div></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">And the performance conditions were focus on key digital projects related with PagoNxt's main businesses (Trade, Merchant and Payments) in its core geographies.<br/></span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">This incentive is structures in restricted stock units (RSUs) and premium priced Options (PPOs) of PagoNxt S.L. in a percentage determined by the internal category of the beneficiary. The average achievement for 2023 was 88%.</span></div></td></tr></table></div><div style="margin-bottom:3pt;margin-top:9pt;padding-right:263.62pt"><span id="id1302a202fa04383bb90b6dce1c2be30"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">ii. Santander UK plc </span></div><div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The long-term incentive plans on shares of the Bank granted by management of Santander UK plc to its employees are as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:33.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.603%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.348%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Number of shares (in thousand)</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span id="i996f983592ab4189a8aa974b4cc62929"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exercise price in pounds sterling</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Year granted</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Employee group</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span id="i8aebfca4a2944a4e8fc16b2c0aba1d2f"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Number of persons</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Date of commencement of exercise period</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Date of expiry of exercise period</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Plans outstanding at 01/01/2021</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">21,162</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Options granted (sharesave)</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,414 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.43 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2021</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Employees</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,142 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">01/11/21</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">01/11/24</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">01/11/21</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">01/11/26</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Options exercised</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(48)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.86 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Options cancelled (net) or not exercised</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,592)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.95 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Plans outstanding at 31/12/2021</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">25,936</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Options granted (sharesave)</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,068 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.89 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2022</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Employees</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,362 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">01/11/22</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">01/11/25</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">01/11/22</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">01/11/27</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Options exercised</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(242)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.69 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Options cancelled (net) or not exercised</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8,774)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.59 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Plans outstanding at 31/12/2022</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">29,988</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Options granted (sharesave)</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,175 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.78 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2023</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Employees</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,752 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">01/11/23</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">01/11/26</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">01/11/23</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">01/11/28</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Options exercised</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,980)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.7 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Options cancelled (net) or not exercised</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,044)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.53 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Plans outstanding at 31/12/2023</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">27,139</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">At 31 December, 2023, 2022 and 2021, the euro/pound sterling exchange rate was 1.1525, 1.1277 and 1.1904 , respectively.</span></div><div style="margin-bottom:12pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.48pt">Number of accounts/contracts. A single employee may have more than one account/contract.</span></div><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In 2008 the Group launched a voluntary savings scheme for Santander UK employees (Sharesave Scheme) whereby employees who join the scheme see deducted between GBP 5 and GBP 500 from their net monthly pay over a period of <span style="-sec-ix-hidden:f-10912">three</span> or five years. At the end of the chosen period, the employee may choose between collecting the amount contributed, the interest accrued and a bonus (tax-exempt in the United Kingdom) or exercising options on shares of the Bank in an amount equal to the sum of such three amounts at a fixed price. The exercise price will be the result of reducing by up to 20% the average purchase and sale prices of the Bank shares in the three trading sessions prior to the approval of the scheme by the UK tax authorities (HMRC). This approval must be received within 21 to 41 days following the publication of the Group’s results for the first half of the year. This scheme was approved by the Board of Directors, at the proposal of the appointments and remuneration committee, and, since it involved the delivery of Bank shares, its application was authorized by the Annual General Meeting held on June 21, 2008. Also, the scheme was authorized by the UK tax authorities (HMRC) and commenced in September 2008. In subsequent years, at the Annual General Meetings held on June 19, 2009, June 11, 2010, June 17, 2011, March 30, 2012, March 22, 2013, March 28, 2014, March 27, 2015, March 18, 2016, April 7, 2017, March 23, 2018, April 12, 2019, April 3, 2020 and March 26, 2021, respectively, the shareholders approved the application of schemes previously approved by the board and with similar features to the scheme approved in 2008.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i67558633db3244dcb2166b6532168887"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:125%">iii. Fair value</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The fair value of the performance share plans was calculated as follows:</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i9307fcd96eea49ad98113711c9a65749"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">a) Deferred variable compensation plan linked to multi-year objectives 2021, 2022 and 2023:</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The Group calculates at the grant date the fair value of the plan based on the valuation report of an independent expert, Willis Towers Watson. According to the design of the plan for 2021, 2022 and 2023 and the levels of achievement of similar plans in comparable entities, it has been considered that the fair value is 70%.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="iff0b407e9e0645c3971dcd3b0664a56b"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">b) Santander UK sharesave plans: </span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The fair value of each option at the date of grant is estimated using an analytical model that also reflects the correlation between EUR and GBP. This model uses assumptions on the share price, the EUR/GBP FX rate, the EUR/GBP risk-free interest rate, dividend yields, the expected volatilities of both the underlying shares and EUR/GBP for the expected lives of options granted. The weighted average grant-date fair value of options granted during the year was GBP 0.33 (GBP 0.23 and GBP 0.20 reported in 2022 and 2021, respectively).</span></div>
CY2023	ifrs-full	Wages And Salaries WagesAndSalaries	10351000000	eur
CY2022	ifrs-full	Wages And Salaries WagesAndSalaries	9563000000	eur
CY2021	ifrs-full	Wages And Salaries WagesAndSalaries	8466000000	eur
CY2023	ifrs-full	Social Security Contributions SocialSecurityContributions	1637000000	eur
CY2022	ifrs-full	Social Security Contributions SocialSecurityContributions	1441000000	eur
CY2021	ifrs-full	Social Security Contributions SocialSecurityContributions	1323000000	eur
CY2023	ifrs-full	Postemployment Benefit Expense Defined Benefit Plans PostemploymentBenefitExpenseDefinedBenefitPlans	42000000	eur
CY2022	ifrs-full	Postemployment Benefit Expense Defined Benefit Plans PostemploymentBenefitExpenseDefinedBenefitPlans	65000000	eur
CY2021	ifrs-full	Postemployment Benefit Expense Defined Benefit Plans PostemploymentBenefitExpenseDefinedBenefitPlans	73000000	eur
CY2023	ifrs-full	Postemployment Benefit Expense Defined Contribution Plans PostemploymentBenefitExpenseDefinedContributionPlans	310000000	eur
CY2022	ifrs-full	Postemployment Benefit Expense Defined Contribution Plans PostemploymentBenefitExpenseDefinedContributionPlans	296000000	eur
CY2021	ifrs-full	Postemployment Benefit Expense Defined Contribution Plans PostemploymentBenefitExpenseDefinedContributionPlans	286000000	eur
CY2023	ifrs-full	Other Employee Expense OtherEmployeeExpense	1386000000	eur
CY2022	ifrs-full	Other Employee Expense OtherEmployeeExpense	1182000000	eur
CY2021	ifrs-full	Other Employee Expense OtherEmployeeExpense	1068000000	eur
CY2023	ifrs-full	Employee Benefits Expense EmployeeBenefitsExpense	13726000000	eur
CY2022	ifrs-full	Employee Benefits Expense EmployeeBenefitsExpense	12547000000	eur
CY2021	ifrs-full	Employee Benefits Expense EmployeeBenefitsExpense	11216000000	eur
CY2023Q4	ifrs-full	Number Of Employees NumberOfEmployees	212764	employee
CY2022Q4	ifrs-full	Number Of Employees NumberOfEmployees	206462	employee
CY2021Q4	ifrs-full	Number Of Employees NumberOfEmployees	199177	employee
CY2023	ifrs-full	Average Number Of Employees AverageNumberOfEmployees	211514	people
CY2022	ifrs-full	Average Number Of Employees AverageNumberOfEmployees	201516	people
CY2021	ifrs-full	Average Number Of Employees AverageNumberOfEmployees	194589	people
CY2023	san	Average Number Of Employees With Disabilities AverageNumberOfEmployeesWithDisabilities	4701	people
CY2022	san	Average Number Of Employees With Disabilities AverageNumberOfEmployeesWithDisabilities	4114	employee
CY2021	san	Average Number Of Employees With Disabilities AverageNumberOfEmployeesWithDisabilities	3703	employee
CY2023	san	Variable Remuneration Minimum Groups Economic Capital VariableRemunerationMinimumGroupsEconomicCapital	0.01
CY2019	san	Key Management Personnel Compensation Long Term And Deferred Compensation Percent Of Achievement KeyManagementPersonnelCompensationLongTermAndDeferredCompensationPercentOfAchievement	0.83
CY2023	ifrs-full	Disclosure Of Number And Weighted Average Exercise Prices Of Share Options Explanatory DisclosureOfNumberAndWeightedAverageExercisePricesOfShareOptionsExplanatory	<div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The long-term incentive plans on shares of the Bank granted by management of Santander UK plc to its employees are as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:33.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.603%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.348%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Number of shares (in thousand)</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span id="i996f983592ab4189a8aa974b4cc62929"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exercise price in pounds sterling</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Year granted</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Employee group</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span id="i8aebfca4a2944a4e8fc16b2c0aba1d2f"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Number of persons</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Date of commencement of exercise period</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Date of expiry of exercise period</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Plans outstanding at 01/01/2021</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">21,162</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Options granted (sharesave)</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,414 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.43 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2021</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Employees</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,142 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">01/11/21</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">01/11/24</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">01/11/21</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">01/11/26</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Options exercised</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(48)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.86 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Options cancelled (net) or not exercised</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,592)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.95 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Plans outstanding at 31/12/2021</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">25,936</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Options granted (sharesave)</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,068 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.89 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2022</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Employees</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,362 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">01/11/22</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">01/11/25</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">01/11/22</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">01/11/27</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Options exercised</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(242)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.69 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Options cancelled (net) or not exercised</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8,774)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.59 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Plans outstanding at 31/12/2022</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">29,988</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Options granted (sharesave)</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,175 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.78 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2023</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Employees</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,752 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">01/11/23</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">01/11/26</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">01/11/23</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">01/11/28</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Options exercised</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,980)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.7 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Options cancelled (net) or not exercised</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,044)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.53 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Plans outstanding at 31/12/2023</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">27,139</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">At 31 December, 2023, 2022 and 2021, the euro/pound sterling exchange rate was 1.1525, 1.1277 and 1.1904 , respectively.</span></div><div style="margin-bottom:12pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.48pt">Number of accounts/contracts. A single employee may have more than one account/contract.</span></div>
CY2023	ifrs-full	Weighted Average Share Price Share Options Granted2019 WeightedAverageSharePriceShareOptionsGranted2019	0.33
CY2022	ifrs-full	Weighted Average Share Price Share Options Granted2019 WeightedAverageSharePriceShareOptionsGranted2019	0.23
CY2021	ifrs-full	Weighted Average Share Price Share Options Granted2019 WeightedAverageSharePriceShareOptionsGranted2019	0.20
CY2023	ifrs-full	Disclosure Of General And Administrative Expense Explanatory DisclosureOfGeneralAndAdministrativeExpenseExplanatory	Other general administrative expenses<div style="margin-bottom:6pt;margin-top:9pt"><span id="ib7a7dd3b134241a9aa21363dd52c4f9e"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">a) Breakdown</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The detail of Other general administrative expenses is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:55.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Technology and systems</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,471 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,473 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,182 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Property, fixtures and supplies<br/>(note 2.k)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">818 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">804 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">789 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Technical reports</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">809 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">785 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">689 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Advertising</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">603 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">559 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">510 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Taxes other than income tax</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">570 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">559 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">558 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Communications</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">414 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">410 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">401 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Surveillance and cash courier services</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">337 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">336 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">306 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Per diems and travel expenses</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">218 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">163 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">69 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Insurance premiums</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">95 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">108 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">109 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other administrative expenses</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,180 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,174 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,830 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,515</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,371</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,443</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The payments associated with short-term leases (leases less than or equal to 12 months) and leases of low-value assets, that the Group recognises as an expense in the income statement is not material.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="iaeb475b89e0d47579802496332f31974"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">b) Technical reports and other </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Technical reports includes the fees from the various Group companies (detailed in the accompanying appendices) for the services provided by their respective auditors, the detail being as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:61.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.248%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Audit </span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">116.8 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">115.4 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">106.0 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Audit-related services</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.6 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.4 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.0 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax services</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.6 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.7 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">All other </span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.9 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.8 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.4 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">132.9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">127.1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">115.1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The audit services and main non-audit services included for each item in the above breakdown are detailed as follows:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Audit services: audit of the individual and consolidated financial statements of Banco Santander and its subsidiaries (of which PwC or another firm in its network is the statutory auditor); audit of the interim consolidated financial statements of Banco Santander; audit of the integrated audits prepared in order to file Form 20-F for the annual report with the SEC in the US and the internal control audit (SOx) for required Grupo Santander's entities; the limited review of the financial statements; and the regulatory auditor’s reports on Grupo Santander’s entities.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Audit-related services: comfort letters; verification of the financial and non-financial information (as required by regulators); and other reviews of documents that, due to their nature, the external auditor provides for submission to domestic or foreign authorities.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Tax services: tax compliance and advisory services provided to Group companies outside Spain, which have no direct effect on the audited financial statements and are permitted in accordance with independence regulations.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Other services: agreed-upon procedure reports, assurance reports and special reports performed under the accepted profession's standards; as well as other reports required by the regulator.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The 'Audit' heading includes the fees for the year's audit, regardless of the date the audit was completed. Any subsequent adjustments, which are not significant, and for purposes of comparison, are shown in this note for each year. The fees corresponding to the rest of the services are shown by reference to when the audit committee approved them.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The services commissioned from the Group's auditors meet the independence requirements under applicable European and Spanish law, the SEC rules and the Public Company Accounting Oversight Board (PCAOB), applicable to the Group, and they did not involve in any case the performance of any work that is incompatible with the auditor's role.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Lastly, the Group commissioned services from audit firms other than PwC amounting to EUR 174.1 million in 2023 (EUR 185.5 million and EUR 263.8 million in 2022 and 2021, respectively).</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i31996ee6fd3d41f98aa42771cdd40036"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">c) Number of branches</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The number of offices at 31 December 2023, 2022 and 2021 is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:59.085%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.171%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.171%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.173%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Number of branches</span></td><td colspan="3" style="border-bottom:0.5pt solid #9c9c9c;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" rowspan="2" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="9" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Group</span></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,924 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,966 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,998 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Group</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,594 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,053 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,231 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,518</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,019</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,229</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>
CY2023	san	Technology Systems Expense TechnologySystemsExpense	2471000000	eur
CY2022	san	Technology Systems Expense TechnologySystemsExpense	2473000000	eur
CY2021	san	Technology Systems Expense TechnologySystemsExpense	2182000000	eur
CY2023	ifrs-full	Property Service Charge Expense PropertyServiceChargeExpense	818000000	eur
CY2022	ifrs-full	Property Service Charge Expense PropertyServiceChargeExpense	804000000	eur
CY2021	ifrs-full	Property Service Charge Expense PropertyServiceChargeExpense	789000000	eur
CY2023	san	Technical Reports Expense TechnicalReportsExpense	809000000	eur
CY2022	san	Technical Reports Expense TechnicalReportsExpense	785000000	eur
CY2021	san	Technical Reports Expense TechnicalReportsExpense	689000000	eur
CY2023	ifrs-full	Sales And Marketing Expense SalesAndMarketingExpense	603000000	eur
CY2022	ifrs-full	Sales And Marketing Expense SalesAndMarketingExpense	559000000	eur
CY2021	ifrs-full	Sales And Marketing Expense SalesAndMarketingExpense	510000000	eur
CY2023	ifrs-full	Tax Expense Other Than Income Tax Expense TaxExpenseOtherThanIncomeTaxExpense	570000000	eur
CY2022	ifrs-full	Tax Expense Other Than Income Tax Expense TaxExpenseOtherThanIncomeTaxExpense	559000000	eur
CY2021	ifrs-full	Tax Expense Other Than Income Tax Expense TaxExpenseOtherThanIncomeTaxExpense	558000000	eur
CY2023	ifrs-full	Communication Expense CommunicationExpense	414000000	eur
CY2022	ifrs-full	Communication Expense CommunicationExpense	410000000	eur
CY2021	ifrs-full	Communication Expense CommunicationExpense	401000000	eur
CY2023	san	Surveillance And Courier Services Expense SurveillanceAndCourierServicesExpense	337000000	eur
CY2022	san	Surveillance And Courier Services Expense SurveillanceAndCourierServicesExpense	336000000	eur
CY2021	san	Surveillance And Courier Services Expense SurveillanceAndCourierServicesExpense	306000000	eur
CY2023	ifrs-full	Travel Expense TravelExpense	218000000	eur
CY2022	ifrs-full	Travel Expense TravelExpense	163000000	eur
CY2021	ifrs-full	Travel Expense TravelExpense	69000000	eur
CY2023	ifrs-full	Insurance Expense InsuranceExpense	95000000	eur
CY2022	ifrs-full	Insurance Expense InsuranceExpense	108000000	eur
CY2021	ifrs-full	Insurance Expense InsuranceExpense	109000000	eur
CY2023	san	Other Administrative Expenses OtherAdministrativeExpenses	2180000000	eur
CY2022	san	Other Administrative Expenses OtherAdministrativeExpenses	2174000000	eur
CY2021	san	Other Administrative Expenses OtherAdministrativeExpenses	1830000000	eur
CY2023	san	Other General Administrative Expenses OtherGeneralAdministrativeExpenses	8515000000	eur
CY2022	san	Other General Administrative Expenses OtherGeneralAdministrativeExpenses	8371000000	eur
CY2021	san	Other General Administrative Expenses OtherGeneralAdministrativeExpenses	7443000000	eur
CY2023	ifrs-full	Auditors Remuneration For Audit Services AuditorsRemunerationForAuditServices	116800000	eur
CY2022	ifrs-full	Auditors Remuneration For Audit Services AuditorsRemunerationForAuditServices	115400000	eur
CY2021	ifrs-full	Auditors Remuneration For Audit Services AuditorsRemunerationForAuditServices	106000000.0	eur
CY2023	san	Auditors Remuneration For Audit Related Services AuditorsRemunerationForAuditRelatedServices	8600000	eur
CY2022	san	Auditors Remuneration For Audit Related Services AuditorsRemunerationForAuditRelatedServices	6400000	eur
CY2021	san	Auditors Remuneration For Audit Related Services AuditorsRemunerationForAuditRelatedServices	6000000.0	eur
CY2023	ifrs-full	Auditors Remuneration For Tax Services AuditorsRemunerationForTaxServices	1600000	eur
CY2022	ifrs-full	Auditors Remuneration For Tax Services AuditorsRemunerationForTaxServices	500000	eur
CY2021	ifrs-full	Auditors Remuneration For Tax Services AuditorsRemunerationForTaxServices	700000	eur
CY2023	ifrs-full	Auditors Remuneration For Other Services AuditorsRemunerationForOtherServices	5900000	eur
CY2022	ifrs-full	Auditors Remuneration For Other Services AuditorsRemunerationForOtherServices	4800000	eur
CY2021	ifrs-full	Auditors Remuneration For Other Services AuditorsRemunerationForOtherServices	2400000	eur
CY2023	ifrs-full	Auditors Remuneration AuditorsRemuneration	132900000	eur
CY2022	ifrs-full	Auditors Remuneration AuditorsRemuneration	127100000	eur
CY2021	ifrs-full	Auditors Remuneration AuditorsRemuneration	115100000	eur
CY2023	ifrs-full	Professional Fees Expense ProfessionalFeesExpense	174100000	eur
CY2022	ifrs-full	Professional Fees Expense ProfessionalFeesExpense	185500000	eur
CY2021	ifrs-full	Professional Fees Expense ProfessionalFeesExpense	263800000	eur
CY2023	san	Number Of Offices NumberOfOffices	8518	branch
CY2022	san	Number Of Offices NumberOfOffices	9019	branch
CY2021	san	Number Of Offices NumberOfOffices	9229	branch
CY2023	san	Gains On Disposals Of Tangible And Intangible Assets Not Classified As Held For Sale GainsOnDisposalsOfTangibleAndIntangibleAssetsNotClassifiedAsHeldForSale	53000000	eur
CY2022	san	Gains On Disposals Of Tangible And Intangible Assets Not Classified As Held For Sale GainsOnDisposalsOfTangibleAndIntangibleAssetsNotClassifiedAsHeldForSale	56000000	eur
CY2021	san	Gains On Disposals Of Tangible And Intangible Assets Not Classified As Held For Sale GainsOnDisposalsOfTangibleAndIntangibleAssetsNotClassifiedAsHeldForSale	87000000	eur
CY2023	ifrs-full	Gains On Disposals Of Investments GainsOnDisposalsOfInvestments	285000000	eur
CY2022	ifrs-full	Gains On Disposals Of Investments GainsOnDisposalsOfInvestments	5000000	eur
CY2021	ifrs-full	Gains On Disposals Of Investments GainsOnDisposalsOfInvestments	2000000	eur
CY2023	ifrs-full	Gains On Disposals Of Noncurrent Assets GainsOnDisposalsOfNoncurrentAssets	338000000	eur
CY2022	ifrs-full	Gains On Disposals Of Noncurrent Assets GainsOnDisposalsOfNoncurrentAssets	61000000	eur
CY2021	ifrs-full	Gains On Disposals Of Noncurrent Assets GainsOnDisposalsOfNoncurrentAssets	89000000	eur
CY2023	san	Losses On Disposals Of Tangible And Intangible Assets Not Classified As Held For Sale LossesOnDisposalsOfTangibleAndIntangibleAssetsNotClassifiedAsHeldForSale	25000000	eur
CY2022	san	Losses On Disposals Of Tangible And Intangible Assets Not Classified As Held For Sale LossesOnDisposalsOfTangibleAndIntangibleAssetsNotClassifiedAsHeldForSale	49000000	eur
CY2021	san	Losses On Disposals Of Tangible And Intangible Assets Not Classified As Held For Sale LossesOnDisposalsOfTangibleAndIntangibleAssetsNotClassifiedAsHeldForSale	36000000	eur
CY2023	ifrs-full	Losses On Disposals Of Investments LossesOnDisposalsOfInvestments	0	eur
CY2022	ifrs-full	Losses On Disposals Of Investments LossesOnDisposalsOfInvestments	0	eur
CY2021	ifrs-full	Losses On Disposals Of Investments LossesOnDisposalsOfInvestments	0	eur
CY2023	ifrs-full	Losses On Disposals Of Noncurrent Assets LossesOnDisposalsOfNoncurrentAssets	25000000	eur
CY2022	ifrs-full	Losses On Disposals Of Noncurrent Assets LossesOnDisposalsOfNoncurrentAssets	49000000	eur
CY2021	ifrs-full	Losses On Disposals Of Noncurrent Assets LossesOnDisposalsOfNoncurrentAssets	36000000	eur
CY2023	san	Gains Losses On Disposals Of Non Financial Assets Net GainsLossesOnDisposalsOfNonFinancialAssetsNet	313000000	eur
CY2022	san	Gains Losses On Disposals Of Non Financial Assets Net GainsLossesOnDisposalsOfNonFinancialAssetsNet	12000000	eur
CY2021	san	Gains Losses On Disposals Of Non Financial Assets Net GainsLossesOnDisposalsOfNonFinancialAssetsNet	53000000	eur
CY2021Q4	ifrs-full	Derivative Financial Liabilities Held For Hedging DerivativeFinancialLiabilitiesHeldForHedging	5463000000	eur
CY2023Q4	ifrs-full	Insurance Contracts Issued That Are Liabilities InsuranceContractsIssuedThatAreLiabilities	17799000000	eur
CY2022Q4	ifrs-full	Insurance Contracts Issued That Are Liabilities InsuranceContractsIssuedThatAreLiabilities	16426000000	eur
CY2021Q4	ifrs-full	Insurance Contracts Issued That Are Liabilities InsuranceContractsIssuedThatAreLiabilities	18560000000	eur
CY2023Q4	san	Financial Instruments Management Number Of Independent Divisions FinancialInstrumentsManagementNumberOfIndependentDivisions	2	independent_division
CY2023Q4	ifrs-full	Accumulated Changes In Fair Value Of Financial Assets Attributable To Changes In Credit Risk Of Financial Assets AccumulatedChangesInFairValueOfFinancialAssetsAttributableToChangesInCreditRiskOfFinancialAssets	293000000	eur
CY2023	san	Financial Instruments Credit Valuation Adjustment Increase Decrease FinancialInstrumentsCreditValuationAdjustmentIncreaseDecrease	-0.165
CY2023	san	Gains Losses On Non Current Tangible Assets GainsLossesOnNonCurrentTangibleAssets	-20000000	eur
CY2022	san	Gains Losses On Non Current Tangible Assets GainsLossesOnNonCurrentTangibleAssets	7000000	eur
CY2021	san	Gains Losses On Non Current Tangible Assets GainsLossesOnNonCurrentTangibleAssets	-52000000	eur
CY2023	san	Non Current Assets Held For Sale Valuation Allowance Charges NonCurrentAssetsHeldForSaleValuationAllowanceCharges	51000000	eur
CY2022	san	Non Current Assets Held For Sale Valuation Allowance Charges NonCurrentAssetsHeldForSaleValuationAllowanceCharges	94000000	eur
CY2021	san	Non Current Assets Held For Sale Valuation Allowance Charges NonCurrentAssetsHeldForSaleValuationAllowanceCharges	141000000	eur
CY2023	ifrs-full	Gains Losses On Disposals Of Other Noncurrent Assets GainsLossesOnDisposalsOfOtherNoncurrentAssets	0	eur
CY2022	ifrs-full	Gains Losses On Disposals Of Other Noncurrent Assets GainsLossesOnDisposalsOfOtherNoncurrentAssets	0	eur
CY2021	ifrs-full	Gains Losses On Disposals Of Other Noncurrent Assets GainsLossesOnDisposalsOfOtherNoncurrentAssets	9000000	eur
CY2023	san	Gains Losses On Non Current Assets Held For Sale Not Classified As Discontinued Operations GainsLossesOnNonCurrentAssetsHeldForSaleNotClassifiedAsDiscontinuedOperations	-20000000	eur
CY2022	san	Gains Losses On Non Current Assets Held For Sale Not Classified As Discontinued Operations GainsLossesOnNonCurrentAssetsHeldForSaleNotClassifiedAsDiscontinuedOperations	7000000	eur
CY2021	san	Gains Losses On Non Current Assets Held For Sale Not Classified As Discontinued Operations GainsLossesOnNonCurrentAssetsHeldForSaleNotClassifiedAsDiscontinuedOperations	-43000000	eur
CY2023	ifrs-full	Disclosure Of Fair Value Of Financial Instruments Explanatory DisclosureOfFairValueOfFinancialInstrumentsExplanatory	Fair value of financial instruments<div style="margin-bottom:6pt;margin-top:9pt;padding-right:263.62pt"><span id="i8517edf334e740208ff427aaf59385f4"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">a) Detail</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The following table summarises the fair values, at the end of each of the years indicated, of the financial assets and liabilities listed below, classified according to the different valuation methodologies used by the Group to determine their fair value:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:28.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.163%"></td><td style="width:0.1%"></td></tr><tr><td colspan="30" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="9" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="9" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="9" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Published<br/>price<br/>quotations<br/>in active<br/>markets<br/>(level 1)</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Internal<br/>Models<br/>(level 2<br/>and 3)</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Published<br/>price<br/>quotations<br/>in active<br/>markets<br/>(level 1)</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Internal<br/>Models<br/>(level 2<br/>and 3)</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Published<br/>price<br/>quotations<br/>in active<br/>markets<br/>(level 1)</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Internal<br/>Models<br/>(level 2<br/>and 3)</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets held for trading</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">67,842 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">109,079 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">176,921 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45,014 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">111,104 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">156,118 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39,678 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">77,275 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">116,953 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-trading financial assets mandatorily at fair value through profit or loss</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,765 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,145 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,910 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,800 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,913 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,713 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,398 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,138 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,536 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets designated at fair value through profit or loss</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,746 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,027 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,773 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,976 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,013 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,989 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,113 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,844 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,957 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets at fair value through other comprehensive income</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">64,631 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,677 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">83,308 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">64,216 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,023 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">85,239 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">77,749 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30,289 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">108,038 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Hedging derivatives (assets)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,297 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,297 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,069 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,069 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,761 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,761 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities held for trading</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,298 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">101,972 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">122,270 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,237 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">98,948 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">115,185 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,379 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">69,090 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">79,469 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities designated at fair value through profit or loss</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,342 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,367 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">212 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,056 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,268 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,620 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,323 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,943 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Hedging derivatives (liabilities)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,656 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,656 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,228 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,228 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,463 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,463 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Liabilities under insurance contracts</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,799 </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,799 </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,426 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,426 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,560 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,560 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">A. </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:121%;position:relative;top:-3.15pt;vertical-align:baseline"> </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%">See impact of IFRS 17 at 31 December 2022 and 2021 (see Note 1.d).</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander has developed a formal process for the systematic valuation and management of financial instruments, which has been implemented worldwide across all the Group’s units. The governance scheme for this process distributes responsibilities between two independent divisions: Treasury (development, marketing and daily management of financial products and market data) and Risk (on a periodic basis, validation of pricing models and market data, computation of risk metrics, new transaction approval policies, management of market risk and implementation of fair value adjustment policies).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The approval of new products follows a sequence of steps (request, development, validation, integration in corporate systems and quality assurance) before the product is brought into production. This process ensures that pricing systems have been properly reviewed and are stable before they are used.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The following subsections set forth the most important products and families of derivatives, and the related valuation techniques and inputs, by asset class:</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i6d98c99d46b24d1d9b624f25599b7d10"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">Fixed income and inflation</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The fixed income asset class includes basic instruments such as interest rate forwards, interest rate swaps and cross currency swaps, which are valued using the net present value of the estimated future cash flows discounted taking into account basis (swap and cross currency spreads) determined on the basis of the payment frequency and currency of each leg of the derivative. Vanilla options, including caps, floors and swaptions, are priced using the Black-Scholes model, which is one of the benchmark industry models. More exotic derivatives are priced using more complex models which are generally accepted as standard across institutions.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">These pricing models are fed with observable market data such as deposit interest rates, futures rates, cross currency swap and constant maturity swap rates, and basis spreads, on the basis of which different yield curves, depending on the payment frequency, and discounting curves are calculated for each currency. In the case of options, implied volatilities are also used as model inputs. These volatilities are observable in the market for cap and floor options and swaptions, and interpolation and extrapolation of volatilities from the quoted ranges are carried out using generally accepted industry models. The pricing of more exotic derivatives may require the use of non-observable data or parameters, such as correlation (among interest rates and cross-asset), mean reversion rates and prepayment rates, which are usually defined from historical data or through calibration.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Inflation-related assets include zero-coupon or year-on-year inflation-linked bonds and swaps, valued with the present value method using forward estimation and discounting. Derivatives on inflation indices are priced using standard or more complex bespoke models, as appropriate. Valuation inputs of these models consider inflation-linked swap spreads observable in the market and estimations of inflation seasonality, on the basis of which a forward inflation curve is calculated. Also, implied volatilities taken from zero-coupon and year-on-year inflation options are also inputs for the pricing of more complex derivatives.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="if42fb2fb87d14c5b8bcfc10376582b95"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">Equity and foreign exchange</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The most important products in these asset classes are forward and futures contracts; they also include vanilla, listed and OTC (Over-The-Counter) derivatives on single underlying assets and baskets of assets. Vanilla options are priced using the standard Black-Scholes model and more exotic derivatives involving forward returns, average performance, or digital, barrier or callable features are priced using generally accepted industry models or bespoke models, as appropriate. For derivatives on illiquid stocks, hedging takes into account the liquidity constraints in models.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The inputs of equity models consider yield curves, spot prices, dividends, asset funding costs (repo margin spreads), implied volatilities, correlation among equity stocks and indices, and cross-asset correlation. Implied volatilities are obtained from market quotes of European and American-style vanilla call and put options. Various interpolation and extrapolation techniques are used to obtain continuous volatility for illiquid stocks. Dividends are usually estimated for the mid and long term. Correlations are implied, when possible, from market quotes of correlation-dependent products. In all other cases, proxies are used for correlations between benchmark underlyings or correlations are obtained from historical data.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The inputs of foreign exchange models include the yield curve for each currency, the spot foreign exchange rate, the implied volatilities and the correlation among assets of this class. Volatilities are obtained from European call and put options which are quoted in markets as of-the-money, risk reversal or butterfly options. Illiquid currency pairs are usually handled by using the data of the liquid pairs from which the illiquid currency can be derived. For more exotic products, unobservable model parameters may be estimated by fitting to reference prices provided by other non-quoted market sources.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i61e8b0fe1d4e45ae8c21ad8edae47241"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">Credit</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The most common instrument in this asset class is the credit default swap (CDS), which is used to hedge credit exposure to third parties. In addition, models for first-to-default (FTD), n-to-default (NTD) and single-tranche collateralised debt obligation (CDO) products are also available. These products are valued with standard industry models, which estimate the probability of default of a single issuer (for CDS) or the joint probability of default of more than one issuer for FTD, NTD and CDO.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Valuation inputs are the yield curve, the CDS spread curve and the recovery rate. For indices and important individual issuers, the CDS spread curve is obtained in the market. For less liquid issuers, this spread curve is estimated using proxies or other credit-dependent instruments. Recovery rates are usually set to standard values. For listed single-tranche CDO, the correlation of joint default of several issuers is implied from the market. For FTD, NTD and bespoke CDO, the correlation is estimated from proxies or historical data when no other option is available.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ibb2d1b8c731f45558f9d64e4065753cd"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">Valuation adjustment for counterparty risk or default risk</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The Credit valuation adjustment (CVA) is a valuation adjustment to over the counter (OTC) derivatives as a result of the risk associated with the credit exposure assumed to each counterparty.</span></div><div style="margin-bottom:8pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The CVA is calculated taking into account potential exposure to each counterparty in each future period. The CVA for a specific counterparty is equal to the sum of the CVA for all the periods. The following inputs are used to calculate the CVA:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Expected exposure: including for each transaction the mark-to-market (MtM) value plus an add-on for the potential future exposure for each period. Mitigating factors such as collateral and netting agreements are taken into account, as well as a temporary impairment factor for derivatives with interim payments.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Severity: percentage of final loss assumed in a counterparty credit event/default.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Probability of default: for cases where there is no market information (the CDS quoted spread curve, etc.), proxies based on companies holding exchange-listed CDS, in the same industry and with the same external rating as the counterparty, are used.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Discount factor curve.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The Debit Valuation Adjustment (DVA) is a valuation adjustment similar to the CVA but, in this case, it arises as a result of the Group’s own risk assumed by its counterparties in OTC derivatives.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The CVA at 31 December 2023 amounted to EUR 293 million (resulting in a decrease of 16.5% compared to 31 December 2022) and DVA amounted to EUR 330 million (resulting in a decrease of 9.3% compared to 31 December 2022). These decreases are mainly due to movements in credit markets whose spread levels have reduced moderately compared to those of December 2022, partially offset by the upward movement in interest rates.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The CVA at 31 December 2022 amounted to EUR 351 million (resulting in an increase of 48% compared to 31 December 2021) and DVA amounted to EUR 364 million (resulting in an increase of 125% compared to 31 December 2021). The increase is mainly due to movements in credit markets whose spread levels have increased substantially compared to those at the end of 2021.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The CVA at 31 December 2021 amounted to EUR 237 million (decrease of 41.9% compared to 31 December 2020) and DVA amounted EUR 162 million (decrease of 30.4% compared to 31 December 2020). These impacts were mainly due to the continuous improvement in credit markets, the creation of particular credit curves for certain counterparties and the introduction of methodological improvements in the calculation of exposures.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In addition, the Group amounts the funding fair value adjustment (FFVA) is calculated by applying future market funding spreads to the expected future funding exposure of any uncollateralised component of the OTC derivative portfolio. This includes the uncollateralised component of collateralised derivatives in addition to derivatives that are fully uncollateralised. The expected future funding exposure is calculated by a simulation methodology, where available. The FFVA impact is not material for the consolidated annual accounts as of 31 December 2023, 2022 and 2021.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">During fiscal year 2023 there have been relevant reclassifications of instruments as Level 3, especially during the last quarter of the year. These changes have been motivated by the implementation of improvements in the classification criteria of financial instruments within the levels of the fair value hierarchy, to comply with regulatory expectations. Thus, the use of expert judgment to determine the observability of valuation inputs has been significantly reduced and objective criteria have been established based on access to price contributors and real market transactions. On the other hand, it has been strengthened the measurement of the significance of unobservable valuation inputs considering all the inputs that impact the valuation, including both market factors and others associated with credit risk. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">As a consequence of these improvements, certain instruments have been classified as Level 3 as they are considered to use unobservable and significant inputs in their assessment. Among them, some long-term derivatives may be highlighted, others that incorporate optionality at unobservable terms or operations that include adjustments for credit risk in their valuation in which some of their components turn out to be unobservable and material. Likewise, some debt instruments that are not considered observable have been reclassified based on the new and stricter criteria currently used. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The effects on the consolidated financial statements resulting from the implementation of this new framework have been recognized prospectively in accordance with the provisions of IAS 8.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The rest of the changes in the instruments classified as Level 3 in the year have been due to movements in the volume of the positions of these instruments in the portfolio due to purchases/sales, with no significant variations having been detected in the market observability conditions of their inputs. of valuation.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="id4eadfe315f24c5097bc53caca9b8d49"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">Valuation adjustments due to model risk</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The valuation models described above do not involve a significant level of subjectivity, since they can be adjusted and recalibrated, where appropriate, through internal calculation of the fair value and subsequent comparison with the related actively traded price. However, valuation adjustments may be necessary when market quoted prices are not available for comparison purposes.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The sources of risk are associated with uncertain model parameters, illiquid underlying issuers, and poor quality market data or missing risk factors (sometimes the best available option is to use limited models with controllable risk). In these situations, the Group calculates and applies valuation adjustments in accordance with common industry practice. The main sources of model risk are described below:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">In the fixed income markets, the sources of model risk include bond index correlations, basis spread modelling, the risk of calibrating model parameters and the treatment of near-zero or negative interest rates. Other sources of risk arise from the estimation of market data, such as volatilities or yield curves, whether used for estimation or cash flow discounting purposes.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">In the stock markets, the sources of model risk include forward skew modelling, the impact of stochastic interest rates, correlation and multi-curve modelling. Other sources of risk arise from managing hedges of digital callable and barrier option payments. Also worthy of consideration as sources of risk are the estimation of market data such as dividends and correlation for quanto and composite basket options.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">For specific financial instruments relating to home mortgage loans secured by financial institutions in the UK (which are regulated and partially financed by the Government) and property asset derivatives, the main input is the Halifax House Price Index (HPI). In these cases, risk assumptions include estimations of the future growth and the volatility of the HPI, the mortality rate and the implied credit spreads.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Inflation markets are exposed to model risk resulting from uncertainty around modelling the correlation structure among various Consumer Price Index (CPI) rates. Another source of risk may arise from the bid-offer spread of inflation-linked swaps.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The currency markets are exposed to model risk resulting from forward skew modelling and the impact of stochastic interest rate and correlation modelling for multi-asset instruments. Risk may also arise from market data, due to the existence of specific illiquid foreign exchange pairs.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The most important source of model risk for credit derivatives relates to the estimation of the correlation between the probabilities of default of different underlying issuers. For illiquid underlying issuers, the CDS spread may not be well defined.</span></div></div></div><div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Set forth below are the financial instruments at fair value whose measurement was based on internal models (levels 2 and 3) at 31 December 2023, 2022 and 2021:</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:30.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.085%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.085%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:22.603%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.087%"></td><td style="width:0.1%"></td></tr><tr><td colspan="18" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair values calculated<br/>using internal models at</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span id="i352f3a1d8fc94579952052b9b517581d"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level 2 </span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level 3 </span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Valuation techniques</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Main assumptions</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">ASSETS</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">133,874</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,351</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets held for trading</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">106,993</span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,086</span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,717 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit institutions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,061 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #deedf2;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,418 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #deedf2;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt and equity instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,683 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">915 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">55,114 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,147 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Swaps</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">44,987 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">577 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method, Gaussian Copula</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices, HPI, Basis, Liquidity</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">836 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Black-Scholes Model</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, Volatility surfaces, FX market prices, Liquidity</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,210 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">153 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Black's Model, multifactorial advanced models interest rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, Volatility surfaces, FX market prices, Liquidity</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate futures</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">33 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Index and securities options</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">126 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">235 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Black's Model, multifactorial advanced models interest rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, Volatility surfaces, FX & EQ market prices, Dividends, Liquidity</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,922 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">173 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method, Advanced stochastic volatility models and other</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, Volatility surfaces, FX and EQ market prices, Dividends, Correlation, HPI, Credit, Others</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,297</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Swaps</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,665 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices, Basis</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Black's Model</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices, Volatility surfaces</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">630 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method, Advanced stochastic volatility models and other</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, Volatility surfaces, FX market prices, Credit, Liquidity, Others</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Non-trading financial assets mandatorily at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,050</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,095</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">815 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,495 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Market price, Interest rates curves, Dividends and Others</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">539 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">313 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and receivables</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">696 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">287 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method, swap asset model & CDS</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves and Credit curves</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets designated at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,846</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">181</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit institutions</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">459 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,189 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices, HPI</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">198 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">150 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets at fair value through other comprehensive income</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,688</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,989</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">492 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Market price, Yield curves, Dividends and Others</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,638 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">559 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices </span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and receivables</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,045 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,938 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices and Credit curves</span></td></tr></table></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.723%"><tr><td style="width:1.0%"></td><td style="width:30.799%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.989%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.989%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.541%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:22.490%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:22.492%"></td><td style="width:0.1%"></td></tr><tr><td colspan="18" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair values calculated<br/>using internal models at</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><span id="id9d3092b0bfe41ab987a6df398ba7e16"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level 2 </span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level 3 </span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Valuation techniques</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Main assumptions</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">LIABILITIES</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">166,542</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,227</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial liabilities held for trading</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">101,103</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">869</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,808 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">FX market prices, Yield curves</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit institutions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,862 </span></td><td style="border-top:0.5pt solid #cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #cceeff;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.5pt solid #cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">FX market prices, Yield curves</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.5pt solid #cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,837 </span></td><td style="border-top:0.5pt solid #cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #cceeff;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.5pt solid #cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">FX market prices, Yield curves</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="border-top:0.5pt solid #cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49,380 </span></td><td style="border-top:0.5pt solid #cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">869 </span></td><td style="border-top:0.5pt solid #cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #cceeff;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cceeff;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Swaps</span></td><td colspan="2" style="border-top:0.5pt solid #cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">39,395 </span></td><td style="border-top:0.5pt solid #cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">388 </span></td><td style="border-top:0.5pt solid #cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #cceeff;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method, Gaussian Copula</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="3" style="border-top:0.5pt solid #cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices, Basis, Liquidity, HPI</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate options</span></td><td colspan="2" style="border-top:0.5pt solid #cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,207 </span></td><td style="border-top:0.5pt solid #cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">139 </span></td><td style="border-top:0.5pt solid #cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #cceeff;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Black's Model, multifactorial advanced models interest rate</span></td><td colspan="3" style="border-top:0.5pt solid #cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, Volatility surfaces, FX market prices, Liquidity</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange rate options</span></td><td colspan="2" style="border-top:0.5pt solid #cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">549 </span></td><td style="border-top:0.5pt solid #cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8 </span></td><td style="border-top:0.5pt solid #cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #cceeff;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Black-Scholes Model</span></td><td colspan="3" style="border-top:0.5pt solid #cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, Volatility surfaces, FX market prices, Liquidity</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Index and securities options</span></td><td colspan="2" style="border-top:0.5pt solid #cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">466 </span></td><td style="border-top:0.5pt solid #cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">187 </span></td><td style="border-top:0.5pt solid #cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #cceeff;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Black-Scholes model</span></td><td colspan="3" style="border-top:0.5pt solid #cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Futures on interest rate and variable income</span></td><td colspan="2" style="border-top:0.5pt solid #cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">101 </span></td><td style="border-top:0.5pt solid #cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #cceeff;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.5pt solid #cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, Volatility surfaces, FX & EQ market prices, Dividends, Correlation, Liquidity, HPI</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.5pt solid #cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,662 </span></td><td style="border-top:0.5pt solid #cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">147 </span></td><td style="border-top:0.5pt solid #cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #cceeff;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method, Advanced stochastic volatility models</span></td><td colspan="3" style="border-top:0.5pt solid #cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, Volatility surfaces, FX & EQ market prices, Dividends, Correlation, Liquidity, HPI, Credit, Others</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Short positions</span></td><td colspan="2" style="border-top:0.5pt solid #cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,216 </span></td><td style="border-top:0.5pt solid #cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #cceeff;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.5pt solid #cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves ,FX & EQ market prices, Equity </span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td><td colspan="2" style="border-top:0.5pt solid #cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,650</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #cceeff;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cceeff;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Swaps</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,866 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves ,FX & EQ market prices, Basis</span></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate options</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Black's Model</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves , Volatility surfaces, FX market prices and Liquidity</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">783 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method, Advanced stochastic volatility models and other</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves , Volatility surfaces, FX market prices, Credit, Liquidity, Other</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial liabilities designated at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">40,313</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">29</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities under insurance contracts</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17,476</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">323</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value Method with actuarial techniques</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mortality tables and interest rate curves</span></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Level 2 internal models use data based on observable market parameters, while level 3 internal models use significant non-observable inputs in market data.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.48pt">Includes mainly short-term loans/deposits and repurchase/reverse repurchase agreements with corporate customers (mainly brokerage and investment companies).</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.7pt">Includes, mainly, structured loans to corporate clients.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5pt">See impact of IFRS 17 at 31 December 2022 and 2021 (see Note 1.d)</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:29.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:28.090%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair values calculated<br/>using internal models at</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair values calculated<br/>using internal models at</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span id="ifec8b22df3cf4e928908d24b697db50c"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span id="i9a7bfc9970304988899a5ace364ad230"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level 2</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level 3</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level 2</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level 3</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Valuation techniques</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">ASSETS</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">142,832</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,290</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">121,640</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,667</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets held for trading</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">110,721</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">383</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">76,738</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">537</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,595 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,608 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit institutions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,502 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,397 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,550 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,829 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt and equity instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,537 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,312 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">66,537 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">340</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53,592 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">513</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Swaps</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">54,367 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">139</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">43,700 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">224</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method, Gaussian Copula</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">916 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">539 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Black-Scholes Model</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,681 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">39</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,112 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">182</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Black's Model, advanced multifactor interest rate models</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate futures</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">113 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">409 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Index and securities options</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">354 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">48</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">439 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">41</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Black's Model, advanced multifactor interest rate models</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,106 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">110</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,393 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">54</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method, Advanced stochastic volatility models and other</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,069</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,761</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 8.08pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Swaps</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,687 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,204 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Black’s Model</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,380 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">548 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method, Advanced stochastic volatility models and other</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Non-trading financial assets mandatorily at fair value through profit or loss</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,080</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,833</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,273</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,865</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">643 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,269 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">415 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,231 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities issued</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">809 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">325 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">589 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">366 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and receivables</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">628 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">239 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">269 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">268 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method, swap asset model & CDS</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets designated at fair value through profit or loss</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,586</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">427</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,426</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">418</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit institutions</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">673 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,152 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,769 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,270 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">144 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">422 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">400 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets at fair value through other comprehensive income</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,376</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,647</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">25,442</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,847</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">700 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">74 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">821 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,869 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">229 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,585 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">146 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and receivables</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,498 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,718 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,783 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,880 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr></table></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:30.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.053%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="6" style="border-bottom:1pt solid #ec0000;border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair values calculated<br/>using internal models at</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="6" style="border-bottom:1pt solid #ec0000;border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair values calculated<br/>using internal models at</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span id="icb543d56a487456eb817b9be1d442bee"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span id="i371028d48a6b4871bf8fe7b0668b5595"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level 2</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level 3</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level 2</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level 3</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Valuation techniques</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">LIABILITIES</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">163,733</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">925</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">103,807</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">629</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial liabilities held for trading</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">98,533</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">415</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">68,930</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">160</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,759 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,038 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit institutions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,796 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,488 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,226 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,141 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">64,147 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">415</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">53,234 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">160 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Swaps</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">51,191 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">235</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">42,438 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">44 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method, Gaussian Copula</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,268 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,720 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">26 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Black's Model, advanced multifactor interest rate models</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">769 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">658 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Black-Scholes Model</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Index and securities options</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">591 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">42</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">446 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">67 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Black's Model, advanced multifactor interest rate models</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate and equity futures</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">807 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">184 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,521 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">119</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,788 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">16 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method, Advanced stochastic volatility models and other</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Short positions</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,605 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,029 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,214</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,463</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 8.08pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Swaps</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,142 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,149 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,072 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,314 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method, Advanced stochastic volatility models and other</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial liabilities designated at fair value through profit or loss</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">39,905</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">151</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,172</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">151</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities under insurance contracts</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,081</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">345</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,242</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">318</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method with actuarial techniques</span></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Level 2 internal models use data based on observable market parameters, while level 3 internal models use significant non-observable inputs in market data.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.48pt">Includes mainly short-term loans/deposits and repurchase/reverse repurchase with corporate customers (mainly brokerage and investment companies). </span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.7pt">Includes, mainly, structured loans to corporate clients.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5pt">Includes, mainly, short-term deposits that are managed based on their fair value.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:3pt;margin-top:9pt;padding-right:263.62pt"><span id="iad616bedabd944edb8194466bcbb32fa"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">b) Financial Instruments (level 3)</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;margin-top:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Set forth below are the Group’s main financial instruments measured using unobservable market data as significant inputs of the internal models (level 3):</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">HTC&S (Held to collect and sale) syndicated loans classified in the fair value category with changes in other comprehensive income, where the cost of liquidity is not directly observable in the market, as well as the prepayment option in favour of the borrower.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Illiquid equity in non-trading portfolios, classified at fair value through profit or loss and at fair value through equity. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Instruments in Santander UK’s portfolio (loans, debt securities and derivatives) linked to the House Price Index (HPI). Even if the valuation techniques used for these instruments may be the same as those used to value similar products (present value in the case of loans and debt securities, and the Black-Scholes model for derivatives), the main factors used in the valuation of these instruments are the HPI spot rate, the growth and volatility thereof, and the mortality rates, which are not always observable in the market and, accordingly, these instruments are considered illiquid.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Callable interest rate derivatives (Bermudan-style options) where the main unobservable input is mean reversion of interest rates.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Trading derivatives on interest rates, taking as an underlying asset titling and with the amortization rate (CPR, Conditional prepayment rate) as unobservable main entry.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt"> Derivatives from trading on inflation in Spain, where volatility is not observable in the market.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Equity volatility derivatives, specifically indices and equities, where volatility is not observable in the long term.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Derivatives on long-term interest rate and FX in some units (mainly South America) where for certain underlyings it is not possible to demonstrate observability to these terms.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Debt instruments referenced to certain illiquid interest rates, for which there is no reasonable market observability.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The measurements obtained using the internal models might have been different if other methods or assumptions had been used with respect to interest rate risk, to credit risk, market risk and foreign currency risk spreads, or to their related correlations and volatilities. Nevertheless, the Bank’s directors consider that the fair value of the financial assets and liabilities recognised in the consolidated balance sheet and the gains and losses arising from these financial instruments are reasonable.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The net amount recognised in profit and loss in 2023 arising from models whose significant inputs are unobservable market data (level 3) amounted to EUR 404 profit (EUR 90 million loss in 2022 and EUR 73 million profit in 2021, respectively).</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:3pt;margin-top:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span id="i27cb7e7209674c10b1e5d63a0e1a9cda"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">1.</span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%;padding-left:3.21pt">Valuation techniques</span></div><div style="margin-bottom:9pt;padding-right:260.79pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The table below shows the effect, at 31 December 2023, 2022 and 2021 on the fair value of the main financial instruments classified as level 3 of a reasonable change in the assumptions used in the valuation. This effect was determined by applying the probable valuation ranges of the main unobservable inputs detailed in the following table:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:16.964%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.738%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.609%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.416%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.996%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.158%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.512%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.807%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:11pt"><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Portfolio/Instrument</span></td><td colspan="3" rowspan="2" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Valuation technique</span></td><td colspan="3" rowspan="2" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span id="i3e3322de481c43d9b8c89ce606ab552d"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Main unobservable inputs</span></div></td><td colspan="3" rowspan="2" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Range</span></td><td colspan="3" rowspan="2" style="background-color:#ffffff;border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Weighted average</span></td><td colspan="6" style="background-color:#ffffff;border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Impacts (EUR million)</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:18pt"><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(Level 3)</span></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Unfavourable scenario</span></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Favourable scenario</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:110%">Financial assets held for trading</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:110%">Loans and advances to customers</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Repos/Reverse repos</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Other</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Long-term repo spread</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">n.a.</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">n.a.</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.08)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ee2724;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:110%">Debt securities</span></td><td colspan="3" style="border-top:1pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Corporate debt</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0% - 10%</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">5.01 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1.90)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1.90 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Government debt</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discount curve</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0% - 8%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3.99 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(7.77)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">7.72 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:110%">Derivatives</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">CCS</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Forward estimation</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(6)bps - 6bps</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.40 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">bps</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.90)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1.03 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">CDS</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit default models</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Illiquid credit default spread curves</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">100bps - 200bps</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">149.14 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">bps</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.14)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.14 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">EQ Options</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">EQ option pricing model</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0% - 70%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">44.39 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.51)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.89 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">EQ Options</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Local volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10% - 90%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">50.00 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1.26)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1.26 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">FX Options</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">FX option pricing model</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0% - 40%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">20.81 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.55)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.59 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation Derivatives</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Asset Swap model</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation Swap Rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2% - 8%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">4.18 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.28)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.16 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IR Options</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IR option pricing model</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.4% - 32.2%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">18.86 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.29)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.41 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Others</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Others</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">5% - n.a.</span></div></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">n.a.</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1.25)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2.6% - 8.3%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">5.60 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1.97)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2.18 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Swap rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">9.4% - 9.8%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">9.60 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1.01)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.95 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Forward estimation</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(5.2)bps - 5.2bps</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.09 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">bps</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.03)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.03 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Prepayment modelling</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Prepayment rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2.5% - 9.0%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">8.92 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.05 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Property derivatives</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Option pricing model</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Growth rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(5)% - 5%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.00 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(3.92)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3.92 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Securitisation Swap</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Constant prepayment rates</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(22.30)% - 27.20%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2.47 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(4.95)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">4.95 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Structured notes</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price based</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(10)% - 10%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.00 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1.53)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1.53 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:110%">Financial assets designated at fair value through profit or loss</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:110%">Loans and advances to customers</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spreads</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.1% - 3%</span></div></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1.55 </span></td><td style="padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.21)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.21 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Mortgage portfolio</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Black Scholes model</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Growth rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> (5)%- 5%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.00 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.23)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.23 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:110%">Debt securities</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Other debt securities</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Others</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation Swap Rate</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0% - 8%</span></div></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3.89 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(4.48)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">4.25 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="margin-bottom:9pt;padding-left:26.93pt;text-align:justify;text-indent:-27pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:19.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.677%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.052%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:0.5pt solid #9c9c9c;padding:0 1pt"></td></tr><tr style="height:11pt"><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Portfolio/Instrument</span></td><td colspan="3" rowspan="2" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Valuation technique</span></td><td colspan="3" rowspan="2" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span id="iafbafdbb6a7048e78da83122a65d7eb7"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Main unobservable inputs</span></div></td><td colspan="3" rowspan="2" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Range</span></td><td colspan="3" rowspan="2" style="background-color:#ffffff;border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Weighted average</span></td><td colspan="6" style="background-color:#ffffff;border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Impacts (EUR million)</span></td></tr><tr style="height:18pt"><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(Level 3)</span></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Unfavourable scenario</span></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Favourable scenario</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:110%">Non-trading financial assets mandatorily at fair value through profit or loss</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:110%">Debt securities</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Property securities</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Probability weighting</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Growth rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(5)% - 5%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.00 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.35)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.35 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:110%">Equity instruments</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Equities</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price Based</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">90% - 110%</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">100.00 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(149.49)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">149.49 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:110%">Financial assets at fair value through other comprehensive income</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:110%">Loans and advances to customers</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">n.a. </span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">n.a.</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(20.8)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest rate curve</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">4.6% - 9.0%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">6.80 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.68)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.68 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Margin of a reference portfolio</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1)bp - 1bp</span></div></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0bp</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(20.3)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">20.30 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Forward estimation</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">167.7bps - 365.8bps</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">167.74 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">bps</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(3.46)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Market price</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Market price</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(10)% - 20%</span></div></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.00 </span></td><td style="padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(5.02)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2.51 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:110%">Debt securities</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Corporate debt</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Margin of a reference portfolio</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1)% - 1%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.00 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.09)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.09 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Government debt</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest rate</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0% - 2%</span></div></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.99 </span></td><td style="padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:110%">Equity instruments</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Equities</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price Based</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">90% - 110%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">100.00 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(49.24)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">49.24 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:110%">Financial liabilities held for trading</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:110%">Derivatives</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Cap&Floor</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility option model</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10% - 90%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">39.03 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.45)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.25 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">CMS</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10% - 90%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">47.66 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">FX Options</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility option model</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10% - 90%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">28.09 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.45)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.13 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation Swap Rate</span></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10% - 90%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">39.03 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.45)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.25 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Swaptions</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility option model</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10% - 90%</span></div></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">35.55 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.21)</span></td><td style="border-bottom:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.10 </span></td><td style="border-bottom:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">For each instrument, the valuation technique, the unobservable inputs are shown in the "Main observable inputs" column under probable scenarios, variation range, average value and impact resulting from valuing the position in the established maximum and minimum range. </span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.48pt">The breakdown of impacts is shown by type of instrument and unobservable inputs. </span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.7pt">The estimation of the range of variation of the unobservable inputs has been carried out taking into account plausible movements of said parameters depending on the type of instrument.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5pt">Zero impacts from fully hedged or back-to-back transactions have not been included in this exercise.</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:19.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.755%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Portfolio/Instrument</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Impacts (EUR million)</span></td></tr><tr style="height:6pt"><td colspan="3" rowspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">(Level 3)</span></td><td colspan="3" rowspan="2" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Valuation technique</span></td><td colspan="3" rowspan="2" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Main unobservable inputs</span></td><td colspan="3" rowspan="2" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Range</span></td><td colspan="3" rowspan="2" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Weighted<br/>average</span></td><td colspan="3" rowspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Unfavourable<br/>scenario</span></td><td colspan="3" rowspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Favourable</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">scenario</span></div></td></tr><tr style="height:11pt"><td colspan="21" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:110%">Financial assets held for trading</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:110%">Debt securities</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Corporate debt</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0% - 20%</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">10.07 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(1.38)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">1.40 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Corporate debt</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Price based</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Market price</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">85% - 115% </span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">100.00 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Government debt</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Discount curve</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> 0% - 10%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">4.92 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(8.34)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">8.07 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:110%">Derivatives</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">CCS</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Interest rate</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(0.7)% - 0.7% </span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.00 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">CCS</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Forward estimation</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Interest rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(4)bps - 4bps</span></div></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.42bps</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(0.06)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.07 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">CDS</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Discounted Cash flows</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Credit Spread</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">14.9bps - 42.1bps</span></div></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">21.99bps</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(0.05)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.02 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">EQ Options</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">EQ option pricing model</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0% - 90%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">61.30 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(0.23)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.48 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">EQ Options</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Local volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">10% - 90%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">50.00 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(1.05)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">1.05 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">FRAs</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Asset Swap model</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Interest rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0% - 6%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">2.71 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(1.16)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.95 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Fx Swap</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Others</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Others</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">n.a. </span></div></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">n.a</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(1.37)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">1.37 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Inflation Derivatives</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Asset Swap model</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Inflation Swap Rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0% - 10%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">3.41 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(0.21)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.11 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Inflation Derivatives</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Volatility option model</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0% - 40%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">17.37 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(0.14)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.11 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">IR Options</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">IR option pricing model</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0% -60%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">35.82 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(0.30)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.44 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Asset Swap model</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Interest rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0% - 15%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">9.20 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(0.05)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.08 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">1.25% - 6.29%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">3.89 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(2.25)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">2.47 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Swap rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">8.6% - 9.1%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">8.84 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(0.02)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.03 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Forward estimation</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Interest rate</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(6)bps - 6bps</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.13bps</span></div></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(0.04)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.04 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Others</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Others</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">5% - n.a.</span></div></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">n.a</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(11.58)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Prepayment modelling</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Prepayment rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">2.5% - 6.2%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">4.17 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(0.06)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.05 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Others</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Forward estimation</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Price</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0% -2% </span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.62 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(0.53)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.24 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Property derivatives</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Option pricing model</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Growth rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(5)% - 5%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.00 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(5.75)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">5.75 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:110%">Financial assets designated at fair value through profit or loss</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:110%">Loans and advances to customers</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Credit spreads</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.1% - 2%</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">1.05 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(0.18)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.18 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Mortgage portfolio</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Black Scholes model</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Growth rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(5)% - 5%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.00 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(0.79)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.79 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:110%">Debt securities</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Other debt securities</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Others</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Inflation Swap Rate</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0% - 10%</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">4.74 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(4.25)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">3.83 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:110%">Non-trading financial assets mandatorily at fair value through profit or loss</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:110%">Debt securities</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Corporate debt</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Margin of a reference portfolio</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(1)bp - 1bp</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.01pbs</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(0.33)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.33 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Property securities</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Probability weighting</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Growth rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(5)% - 5%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.00 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(0.68)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.68 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:110%">Equity instruments</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Equities</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price Based</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">90% - 110%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">100.00 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(126.87)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">126.87 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:19.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.755%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:110%">Financial assets at fair value through other comprehensive income</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:110%">Loans and advances to customers</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">n.a. </span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">n.a</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(24.10)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Interest rate curve</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.8% - 1.0%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.88 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(0.08)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.08 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Margin of a reference portfolio</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(1)bp - 1bp</span></div></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0bp</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(17.51)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">17.51 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Forward estimation</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">2.56% - 3.4%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">2.56 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(0.49)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:110%">Debt securities</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Government debt</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Interest rate</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(0.4)% - 1.6%</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.63 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(0.01)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.01 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:110%">Equity instruments</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Equities</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Price Based</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Price</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">90% - 110%</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">100.00 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(70.04)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">70.04 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:110%">Financial liabilities held for trading</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:110%">Derivatives</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Cap&Floor</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Volatility option model</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">10% - 90%</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">40.73 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(0.29)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.18 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:110%">Financial liabilities designated at fair value through profit or loss</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:110%">Loans and advances to customers</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Repos/Reverse repos</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Others</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Long-term repo spread</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">n.a.</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">n.a.</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(0.13)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:11.34pt;text-align:justify;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:80%;position:relative;top:-3.5pt;vertical-align:baseline">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:80%;padding-left:5.95pt;position:relative;top:-3.5pt;vertical-align:baseline">For each instrument, the valuation technique, the unobservable inputs are shown in the "Main observable inputs" column under probable scenarios, variation range, average value and impact resulting from valuing the position in the established maximum and minimum range. </span></div><div style="margin-bottom:3pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:100%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:100%;padding-left:5.48pt">The breakdown of impacts is shown by type of instrument and unobservable inputs. </span></div><div style="margin-bottom:3pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:100%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:100%;padding-left:5.7pt">The estimation of the range of variation of the unobservable inputs has been carried out taking into account plausible movements of said parameters depending on the type of instrument.</span></div><div style="margin-bottom:3pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:100%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:100%;padding-left:5pt">Zero impacts from fully hedged or back-to-back transactions have not been included in this exercise.</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:19.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.755%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Portfolio/Instrument</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Impacts (EUR million)</span></td></tr><tr style="height:6pt"><td colspan="3" rowspan="2" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">(Level 3)</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Valuation technique</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Main unobservable inputs</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Range</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Weighted<br/>average</span></td><td colspan="3" rowspan="2" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Unfavourable<br/>scenario</span></td><td colspan="3" rowspan="2" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Favourable<br/>scenario</span></td></tr><tr style="height:11pt"><td colspan="21" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:110%">Financial assets held for trading</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:110%">Derivatives</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">CCS</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Interest rate</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> (0.7)% - 0.7%</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.73 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(0.11)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.11 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">CCS</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Forward estimation</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Interest rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(4)bps - 4bps</span></div></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(0.09)bps</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(0.03)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.03 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Convertibility curve - inputs: NDFs Offshore</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Forward estimation</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Price</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0% - 2%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.61 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(0.65)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.28 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">EQ Options</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">EQ option pricing model</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0% -90%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">61.20 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(0.24)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.52 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">EQ Options</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Local volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.5pt solid #deedf2;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">10% - 90%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">40.00 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(6.82)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">6.82 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">FRAs</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Asset Swap model</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Interest rate</span></td><td colspan="3" style="border-top:0.5pt solid #deedf2;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0% - 4%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">1.78 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(0.91)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.73 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">FX Options</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">FX option pricing model</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0% - 50%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">32.14 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(0.28)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.50 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Inflation Derivatives</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Asset Swap model</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Inflation Swap Rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(50)% - 50%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">50.00 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(0.56)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.28 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Inflation Derivatives</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Volatility option model</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0% - 40%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">13.29 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(0.47)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.24 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">IR Futures</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Asset Swap model</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Interest rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0% - 15%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">5.91 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(1.09)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.71 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">IR Options</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">IR option pricing model</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0% - 60%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">36.28 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(0.20)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.31 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Asset Swap model</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Interest rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(6)% - 12.80%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">10.36 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(0.07)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.13 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">1.03% - 3.75%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">2.02 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(7.21)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">4.16 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Inflation Swap Rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(0.8)%-6.5%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">1.81 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(0.04)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.01 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Swap Rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">7.7%-8.2%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(2.87 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(0.23)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.10 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Forward estimation</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Interest rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">TIIE91(8.98)bps - TIIE91 + 11.12bps</span></div></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">n.a.</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(0.27)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.17 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Forward estimation</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Prepayment rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">6% - 12%</span></div></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">n.a.</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Others</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Others</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.05%</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">n.a.</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(1.49)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Prepayment modelling</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Prepayment rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">2.5% - 6.2%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.44 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(0.09)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.05 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Property derivatives</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Option pricing model</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Growth rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0% - 5%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">2.50 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(2.62)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">2.62 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Swaptions</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">IR option pricing model</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0% - 40%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">26.67 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(0.13)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.27 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:110%">Debt securities</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Corporate debt</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Price based</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Market price</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">85% - 115%</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">100 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:110%">Financial assets designated at fair value through profit or loss</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:110%">Loans and advances to customers</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Credit spreads</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.1% - 1.4%</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.66 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(0.26)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.26 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Mortgage portfolio</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Black Scholes model</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Growth rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0% - 5%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">2.50 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(1.90)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">1.90 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:110%">Debt securities</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Corporate debt</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0% - 20%</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">9.88 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(1.23)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">1.20 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Government debt</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Discount curve</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0% - 10% </span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">8.33 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(4.14)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">20.69 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Other debt securities</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Others</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Inflation Swap Rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0% - 10%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">4.74 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(5.47)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">4.92 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:110%">Non-trading financial assets mandatorily at fair value through profit or loss</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:110%">Debt securities</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Corporate debt</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Margin of a reference portfolio</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(1)bp - 1bp</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">1bp</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(0.56)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.60 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Property securities</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Probability weighting</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Growth rate</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0% - 5%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">2.50 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(1.19)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">1.19 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:110%">Equity instruments</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Equities</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Price Based</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Price</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">90% - 110%</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">100.00 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(123.10)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">123.10 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:19.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.755%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Portfolio/Instrument</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Impacts (EUR million)</span></td></tr><tr style="height:3pt"><td colspan="3" rowspan="2" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">(Level 3)</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Valuation technique</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Main unobservable inputs</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Range</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Weighted<br/>average</span></td><td colspan="3" rowspan="2" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Unfavourable<br/>scenario</span></td><td colspan="3" rowspan="2" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Favourable<br/>scenario</span></td></tr><tr style="height:15pt"><td colspan="21" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:110%">Financial assets at fair value through other comprehensive income</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:110%">Loans and advances to customers</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">n.a.</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">n.a.</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(19.84)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Interest rate curve</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(0.1)% - 1.0%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.12 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(0.07)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.07 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Margin of a reference portfolio</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(1)bp - 1bp</span></div></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">1bp</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(13.12)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">13.04 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Forward estimation</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.77% - 2.42%</span></div></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">n.a.</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:110%">Debt securities</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Government debt</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Interest rate</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.6% - 0.8%</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.09 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(0.01)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.01 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:110%">Equity instruments</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Equities</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Price Based</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Price</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">90% - 110%</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">100.00 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(82.13)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">82.13 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:110%">Financial liabilities held for trading</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:110%">Derivatives</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Cap&Floor</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Volatility option model</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">10% - 90%</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">36.30 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(0.50)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">0.43 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:110%">Financial liabilities designated at fair value through profit or loss</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:110%">Loans and advances to customers</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Repos/Reverse repos</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Asset Swap Repo Model</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Long-term repo spread</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">n.a</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">n.a.</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">(0.36)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:11.34pt;text-align:justify;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:80%;position:relative;top:-3.5pt;vertical-align:baseline">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:80%;padding-left:5.95pt;position:relative;top:-3.5pt;vertical-align:baseline">For each instrument, the valuation technique, the unobservable inputs are shown in the "Main observable inputs" column under probable scenarios, variation range, average value and impact resulting from valuing the position in the established maximum and minimum range. </span></div><div style="margin-bottom:3pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:100%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:100%;padding-left:5.48pt">The breakdown of impacts is shown by type of instrument and unobservable inputs. </span></div><div style="margin-bottom:3pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:100%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:100%;padding-left:5.7pt">The estimation of the range of variation of the unobservable inputs has been carried out taking into account plausible movements of said parameters depending on the type of instrument.</span></div><div style="margin-bottom:3pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:100%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:100%;padding-left:5pt">Zero impacts from fully hedged or back-to-back transactions have not been included in this exercise.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="if048058713d94f20bd9672f979125eaa"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">2. Movement of financial instruments classified as Level 3</span></div><div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Lastly, the changes in the financial instruments classified as Level 3 in 2023, 2022 and 2021 were as follows:</span></div><div style="margin-bottom:6pt;margin-top:15pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:23.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.270%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.238%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">01/01/2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Changes</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31/12/2023</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value calculated using internal models (Level 3)</span></div></td><td colspan="3" style="border-bottom:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Purchases/</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Issuances</span></div></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Sales/Settlements</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Changes in<br/>fair value<br/>recognised<br/>in profit or<br/>loss</span></div></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Changes in<br/>fair value<br/>recognised<br/>in equity</span></div></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level<br/>reclassifications</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value<br/>calculated<br/>using<br/>internal<br/>models<br/>(level 3)</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets held for trading</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">383</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">496</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(149)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">194</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,162</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,086</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">126 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(63)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">773 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">914 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Trading derivatives</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">340 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">347 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(86)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">163 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">389 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,147 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Swaps</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">139 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">90 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(4)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">179 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">191 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(18)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">577 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">39 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">112 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">153 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Index and securities options</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">48 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">132 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(4)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(20)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">76 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">235 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">110 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">124 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(78)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">173 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">427</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">51</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(21)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(298)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">181</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances to customers</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">422 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(25)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(298)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">150 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Non-trading financial assets mandatorily at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,833</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">345</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(238)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">107</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(6)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">54</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,095</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">239 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">99 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(73)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">287 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">325 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(48)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">313 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,269 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">208 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(117)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">99 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,495 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets at fair value through other comprehensive income</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,647</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,322</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(3,411)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(204)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">231</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">404</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,989</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,718 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,322 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,408)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">160 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">110 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,938 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">229 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">71 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">254 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">559 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">700 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(245)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">492 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL ASSETS</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,290</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,214</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(3,798)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">280</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(204)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,409</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">160</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,351</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial liabilities held for trading</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">415</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">276</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(167)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(118)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">476</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(13)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">869</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Trading derivatives</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">415 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">276 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(167)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(118)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">476 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">869 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Swaps</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">235 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">53 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(83)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(58)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">257 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(16)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">388 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(5)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(16)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">137 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">139 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Index and securities options</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">42 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">88 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(13)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(15)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">82 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">187 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Others</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">119 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">125 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(66)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(31)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">147 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives (Liabilities)</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(3)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(5)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Swaps</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(3)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(5)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial liabilities designated at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">151</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">32</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(151)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(3)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">29</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities under insurance contracts</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">345</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(40)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">323</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL LIABILITIES</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">925</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">308</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(318)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(124)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(40)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">471</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,227</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:15pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:23.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.270%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.238%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">01/01/2022</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Changes</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31/12/2022</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value<br/>calculated<br/>using<br/>internal<br/>models<br/>(level 3)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Purchases<br/>/Issuances</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Sales/Settlements</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Changes in<br/>fair value<br/>recognized<br/>in profit or<br/>loss</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Changes in<br/>fair value<br/>recognized<br/>in equity</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level<br/>reclassifications</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value<br/>calculated<br/>using<br/>internal<br/>models<br/>(level 3)</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets held for trading</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">537</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">91</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(99)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(116)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(15)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(15)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">383</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Trading derivatives</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">513 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">89 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(97)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(131)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(18)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">340 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Swaps</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">224 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(47)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(20)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(23)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">139 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(9)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">182 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(142)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">39 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Index and securities options</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">41 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">27 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(28)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">29 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(26)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">48 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">54 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">61 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(13)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">110 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">418</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(9)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(31)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">49</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">427</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances to customers</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">400 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(26)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">422 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Non-trading financial assets mandatorily at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,865</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">521</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(579)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">98</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(22)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(50)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,833</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">268 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">276 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(280)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(25)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">239 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">366 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(33)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(31)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(27)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">325 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,231 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">194 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(266)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">154 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(49)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,269 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets at fair value through other comprehensive income</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,847</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,564</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(8,029)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(172)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">417</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">20</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,647</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,880 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,471 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7,988)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">349 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,718 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">146 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">91 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(23)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">229 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">821 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(18)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(173)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">68 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">700 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:105%">TOTAL ASSETS</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,667</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,176</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(8,716)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(49)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(172)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">380</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,290</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial liabilities held for trading</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">160</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">328</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(97)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">35</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(9)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">415</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Trading derivatives</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">160 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">328 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(97)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">415 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Swaps</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">44 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">32 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(16)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">189 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(23)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">235 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(14)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">26 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">56 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(44)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(19)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Index and securities options</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">67 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">23 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(19)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(32)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(11)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">42 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Others</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">16 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">211 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(4)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(104)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">119 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives (Liabilities)</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:105%">Swaps</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Financial liabilities designated at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">151</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(3)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">151</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Liabilities under insurance contracts</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">318</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(11)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">38</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">345</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:105%">TOTAL LIABILITIES</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">629</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">328</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(100)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">41</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">29</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">925</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:23.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.270%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.238%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">01/01/2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Changes</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31/12/2021</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value<br/>calculated<br/>using<br/>internal<br/>models<br/>(level 3)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Purchases/</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Issuances</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Sales/Settlements</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Changes in<br/>fair value<br/>recognised<br/>in profit or<br/>loss</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Changes in<br/>fair value<br/>recognised<br/>in equity</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level<br/>reclassifications</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value<br/>calculated<br/>using<br/>internal<br/>models<br/>(level 3)</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets held for trading</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">740</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">136</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(124)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(181)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(15)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(19)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">537</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Trading derivatives</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">730 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">116 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(121)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(179)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(15)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(18)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">513 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Swaps</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">272 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(33)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(35)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">33 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(18)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">224 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">22 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(27)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">241 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(39)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(27)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">182 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Index and securities options</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">94 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">18 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(12)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(51)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(8)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">41 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">101 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">72 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(10)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(69)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(40)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">54 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">649</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">59</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(120)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(11)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(163)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">418</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit entities</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">163 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(163)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances to customers</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">467 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">59 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(118)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">400 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Non-trading financial assets mandatorily at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">934</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">534</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(251)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">127</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">485</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">36</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,865</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances to customers</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">295 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">122 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(149)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">268 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">134 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">206 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(28)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">366 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">505 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">206 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(74)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">99 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">471 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,231 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets at fair value through other comprehensive income</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,220</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,681</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(6,588)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(228)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(241)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,847</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,791 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,597 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6,298)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(37)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(173)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,880 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">206 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">75 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(25)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(43)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(68)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">146 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,223 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(265)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(148)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">821 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL ASSETS</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,543</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,410</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(7,083)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(65)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(228)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">66</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">24</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,667</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial liabilities held for trading</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">295</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">85</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(42)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(138)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(21)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(19)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">160</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Trading derivatives</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">295 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">85 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(42)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(138)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(21)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(19)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">160 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Swaps</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">81 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(10)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(36)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">44 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">49 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">26 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(19)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(8)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(22)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">26 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Index and securities options</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">97 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">23 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(5)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(27)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(22)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">67 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Securities and interest rate futures</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Others</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">65 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">30 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(6)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(71)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">16 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial liabilities designated at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">301</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">143</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(6)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(289)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">151</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities under insurance contracts</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">309</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">318</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL LIABILITIES</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">905</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">228</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(42)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(138)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(310)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(14)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">629</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>
CY2023Q4	ifrs-full	Financial Assets At Fair Value Through Profit Or Loss Classified As Held For Trading FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading	176921000000	eur
CY2022Q4	ifrs-full	Financial Assets At Fair Value Through Profit Or Loss Classified As Held For Trading FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading	156118000000	eur
CY2021Q4	ifrs-full	Financial Assets At Fair Value Through Profit Or Loss Classified As Held For Trading FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading	116953000000	eur
CY2023Q4	ifrs-full	Financial Assets At Fair Value Through Profit Or Loss Mandatorily Measured At Fair Value FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue	5910000000	eur
CY2022Q4	ifrs-full	Financial Assets At Fair Value Through Profit Or Loss Mandatorily Measured At Fair Value FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue	5713000000	eur
CY2021Q4	ifrs-full	Financial Assets At Fair Value Through Profit Or Loss Mandatorily Measured At Fair Value FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue	5536000000	eur
CY2023Q4	ifrs-full	Financial Assets At Fair Value Through Profit Or Loss Designated As Upon Initial Recognition FinancialAssetsAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition	9773000000	eur
CY2022Q4	ifrs-full	Financial Assets At Fair Value Through Profit Or Loss Designated As Upon Initial Recognition FinancialAssetsAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition	8989000000	eur
CY2021Q4	ifrs-full	Financial Assets At Fair Value Through Profit Or Loss Designated As Upon Initial Recognition FinancialAssetsAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition	15957000000	eur
CY2023Q4	ifrs-full	Financial Assets At Fair Value Through Other Comprehensive Income FinancialAssetsAtFairValueThroughOtherComprehensiveIncome	83308000000	eur
CY2022Q4	ifrs-full	Financial Assets At Fair Value Through Other Comprehensive Income FinancialAssetsAtFairValueThroughOtherComprehensiveIncome	85239000000	eur
CY2021Q4	ifrs-full	Financial Assets At Fair Value Through Other Comprehensive Income FinancialAssetsAtFairValueThroughOtherComprehensiveIncome	108038000000	eur
CY2023Q4	ifrs-full	Derivative Financial Assets Held For Hedging DerivativeFinancialAssetsHeldForHedging	5297000000	eur
CY2022Q4	ifrs-full	Derivative Financial Assets Held For Hedging DerivativeFinancialAssetsHeldForHedging	8069000000	eur
CY2021Q4	ifrs-full	Derivative Financial Assets Held For Hedging DerivativeFinancialAssetsHeldForHedging	4761000000	eur
CY2023Q4	ifrs-full	Financial Liabilities At Fair Value Through Profit Or Loss Classified As Held For Trading FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading	122270000000	eur
CY2022Q4	ifrs-full	Financial Liabilities At Fair Value Through Profit Or Loss Classified As Held For Trading FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading	115185000000	eur
CY2021Q4	ifrs-full	Financial Liabilities At Fair Value Through Profit Or Loss Classified As Held For Trading FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading	79469000000	eur
CY2023Q4	ifrs-full	Financial Liabilities At Fair Value Through Profit Or Loss Designated As Upon Initial Recognition FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition	40367000000	eur
CY2022Q4	ifrs-full	Financial Liabilities At Fair Value Through Profit Or Loss Designated As Upon Initial Recognition FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition	40268000000	eur
CY2021Q4	ifrs-full	Financial Liabilities At Fair Value Through Profit Or Loss Designated As Upon Initial Recognition FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition	14943000000	eur
CY2023Q4	ifrs-full	Derivative Financial Liabilities Held For Hedging DerivativeFinancialLiabilitiesHeldForHedging	7656000000	eur
CY2022Q4	ifrs-full	Derivative Financial Liabilities Held For Hedging DerivativeFinancialLiabilitiesHeldForHedging	9228000000	eur
CY2023Q4	ifrs-full	Accumulated Changes In Fair Value Of Financial Liability Attributable To Changes In Credit Risk Of Liability AccumulatedChangesInFairValueOfFinancialLiabilityAttributableToChangesInCreditRiskOfLiability	330000000	eur
CY2023	san	Financial Instruments Debt Valuation Adjustment Increase Decrease FinancialInstrumentsDebtValuationAdjustmentIncreaseDecrease	-0.093
CY2022Q4	ifrs-full	Accumulated Changes In Fair Value Of Financial Assets Attributable To Changes In Credit Risk Of Financial Assets AccumulatedChangesInFairValueOfFinancialAssetsAttributableToChangesInCreditRiskOfFinancialAssets	351000000	eur
CY2022	san	Financial Instruments Credit Valuation Adjustment Increase Decrease FinancialInstrumentsCreditValuationAdjustmentIncreaseDecrease	0.48
CY2022Q4	ifrs-full	Accumulated Changes In Fair Value Of Financial Liability Attributable To Changes In Credit Risk Of Liability AccumulatedChangesInFairValueOfFinancialLiabilityAttributableToChangesInCreditRiskOfLiability	364000000	eur
CY2022	san	Financial Instruments Debt Valuation Adjustment Increase Decrease FinancialInstrumentsDebtValuationAdjustmentIncreaseDecrease	1.25
CY2021Q4	ifrs-full	Accumulated Changes In Fair Value Of Financial Assets Attributable To Changes In Credit Risk Of Financial Assets AccumulatedChangesInFairValueOfFinancialAssetsAttributableToChangesInCreditRiskOfFinancialAssets	237000000	eur
CY2021	san	Financial Instruments Credit Valuation Adjustment Increase Decrease FinancialInstrumentsCreditValuationAdjustmentIncreaseDecrease	-0.419
CY2021Q4	ifrs-full	Accumulated Changes In Fair Value Of Financial Liability Attributable To Changes In Credit Risk Of Liability AccumulatedChangesInFairValueOfFinancialLiabilityAttributableToChangesInCreditRiskOfLiability	162000000	eur
CY2021	san	Financial Instruments Debt Valuation Adjustment Increase Decrease FinancialInstrumentsDebtValuationAdjustmentIncreaseDecrease	-0.304
CY2023	san	Gains Losses Recognised In Profit Or Loss Fair Value Measurement GainsLossesRecognisedInProfitOrLossFairValueMeasurement	404000000	eur
CY2022	san	Gains Losses Recognised In Profit Or Loss Fair Value Measurement GainsLossesRecognisedInProfitOrLossFairValueMeasurement	-90000000	eur
CY2021	san	Gains Losses Recognised In Profit Or Loss Fair Value Measurement GainsLossesRecognisedInProfitOrLossFairValueMeasurement	73000000	eur
CY2023Q4	ifrs-full	Cash And Cash Equivalents CashAndCashEquivalents	220342000000	eur
CY2023Q4	ifrs-full	Financial Assets Measured At Fair Value Through Other Comprehensive Income FinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome	81547000000	eur
CY2023Q4	ifrs-full	Financial Assets At Amortised Cost FinancialAssetsAtAmortisedCost	1191403000000	eur
CY2023Q4	san	Certain Financial Assets CertainFinancialAssets	1493292000000	eur
CY2023Q4	ifrs-full	Financial Liabilities At Amortised Cost FinancialLiabilitiesAtAmortisedCost	1468703000000	eur
CY2023Q4	ifrs-full	Financial Liabilities At Amortised Cost FinancialLiabilitiesAtAmortisedCost	1468703000000	eur
CY2023Q4	san	Certain Financial Assets Liabilities CertainFinancialAssetsLiabilities	24589000000	eur
CY2022Q4	ifrs-full	Cash And Cash Equivalents CashAndCashEquivalents	223073000000	eur
CY2022Q4	ifrs-full	Financial Assets Measured At Fair Value Through Other Comprehensive Income FinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome	83298000000	eur
CY2022Q4	ifrs-full	Financial Assets At Amortised Cost FinancialAssetsAtAmortisedCost	1147044000000	eur
CY2022Q4	san	Certain Financial Assets CertainFinancialAssets	1453415000000	eur
CY2022Q4	ifrs-full	Financial Liabilities At Amortised Cost FinancialLiabilitiesAtAmortisedCost	1423858000000	eur
CY2022Q4	ifrs-full	Financial Liabilities At Amortised Cost FinancialLiabilitiesAtAmortisedCost	1423858000000	eur
CY2022Q4	san	Certain Financial Assets Liabilities CertainFinancialAssetsLiabilities	29557000000	eur
CY2021Q4	ifrs-full	Cash And Cash Equivalents CashAndCashEquivalents	210689000000	eur
CY2021Q4	ifrs-full	Financial Assets Measured At Fair Value Through Other Comprehensive Income FinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome	105585000000	eur
CY2021Q4	ifrs-full	Financial Assets At Amortised Cost FinancialAssetsAtAmortisedCost	1037898000000	eur
CY2021Q4	san	Certain Financial Assets CertainFinancialAssets	1354172000000	eur
CY2021Q4	ifrs-full	Financial Liabilities At Amortised Cost FinancialLiabilitiesAtAmortisedCost	1349169000000	eur
CY2021Q4	ifrs-full	Financial Liabilities At Amortised Cost FinancialLiabilitiesAtAmortisedCost	1349169000000	eur
CY2021Q4	san	Certain Financial Assets Liabilities CertainFinancialAssetsLiabilities	5003000000	eur
CY2023Q4	san	Undiscounted Financial Liabilities At Amortised Cost UndiscountedFinancialLiabilitiesAtAmortisedCost	1439426000000	eur
CY2022Q4	san	Undiscounted Financial Liabilities At Amortised Cost UndiscountedFinancialLiabilitiesAtAmortisedCost	1422781000000	eur
CY2021Q4	san	Undiscounted Financial Liabilities At Amortised Cost UndiscountedFinancialLiabilitiesAtAmortisedCost	1339819000000	eur
CY2023Q4	ifrs-full	Financial Assets At Fair Value Through Profit Or Loss Classified As Held For Trading FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading	176921000000	eur
CY2023Q4	ifrs-full	Financial Assets At Fair Value Through Profit Or Loss Designated As Upon Initial Recognition FinancialAssetsAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition	9773000000	eur
CY2023Q4	ifrs-full	Financial Assets At Fair Value Through Profit Or Loss Mandatorily Measured At Fair Value FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue	5910000000	eur
CY2023Q4	ifrs-full	Fair Value Of Investments In Equity Instruments Designated As Measured At Fair Value Through Other Comprehensive Income FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome	1761000000	eur
CY2023Q4	ifrs-full	Derivative Financial Assets Held For Hedging DerivativeFinancialAssetsHeldForHedging	5297000000	eur
CY2023Q4	ifrs-full	Accumulated Fair Value Hedge Adjustment On Hedged Item Included In Carrying Amount Assets AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountAssets	-788000000	eur
CY2023Q4	san	Total Financial Assets Remaining TotalFinancialAssetsRemaining	198874000000	eur
CY2023Q4	ifrs-full	Financial Liabilities At Fair Value Through Profit Or Loss Classified As Held For Trading FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading	122270000000	eur
CY2023Q4	ifrs-full	Financial Liabilities At Fair Value Through Profit Or Loss Designated As Upon Initial Recognition FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition	40367000000	eur
CY2023Q4	ifrs-full	Derivative Financial Liabilities Held For Hedging DerivativeFinancialLiabilitiesHeldForHedging	7656000000	eur
CY2023Q4	ifrs-full	Accumulated Fair Value Hedge Adjustment On Hedged Item Included In Carrying Amount Liabilities AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountLiabilities	55000000	eur
CY2023Q4	san	Total Financial Liabilities Remaining TotalFinancialLiabilitiesRemaining	170348000000	eur
CY2022Q4	ifrs-full	Financial Assets At Fair Value Through Profit Or Loss Classified As Held For Trading FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading	156118000000	eur
CY2022Q4	ifrs-full	Financial Assets At Fair Value Through Profit Or Loss Designated As Upon Initial Recognition FinancialAssetsAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition	8989000000	eur
CY2022Q4	ifrs-full	Financial Assets At Fair Value Through Profit Or Loss Mandatorily Measured At Fair Value FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue	5713000000	eur
CY2022Q4	ifrs-full	Fair Value Of Investments In Equity Instruments Designated As Measured At Fair Value Through Other Comprehensive Income FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome	1941000000	eur
CY2022Q4	ifrs-full	Derivative Financial Assets Held For Hedging DerivativeFinancialAssetsHeldForHedging	8069000000	eur
CY2022Q4	ifrs-full	Accumulated Fair Value Hedge Adjustment On Hedged Item Included In Carrying Amount Assets AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountAssets	-3749000000	eur
CY2022Q4	san	Total Financial Assets Remaining TotalFinancialAssetsRemaining	177081000000	eur
CY2022Q4	ifrs-full	Financial Liabilities At Fair Value Through Profit Or Loss Classified As Held For Trading FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading	115185000000	eur
CY2022Q4	ifrs-full	Financial Liabilities At Fair Value Through Profit Or Loss Designated As Upon Initial Recognition FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition	40268000000	eur
CY2022Q4	ifrs-full	Derivative Financial Liabilities Held For Hedging DerivativeFinancialLiabilitiesHeldForHedging	9228000000	eur
CY2022Q4	ifrs-full	Accumulated Fair Value Hedge Adjustment On Hedged Item Included In Carrying Amount Liabilities AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountLiabilities	-117000000	eur
CY2022Q4	san	Total Financial Liabilities Remaining TotalFinancialLiabilitiesRemaining	164564000000	eur
CY2021Q4	ifrs-full	Financial Assets At Fair Value Through Profit Or Loss Classified As Held For Trading FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading	116953000000	eur
CY2021Q4	ifrs-full	Financial Assets At Fair Value Through Profit Or Loss Designated As Upon Initial Recognition FinancialAssetsAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition	15957000000	eur
CY2021Q4	ifrs-full	Financial Assets At Fair Value Through Profit Or Loss Mandatorily Measured At Fair Value FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue	5536000000	eur
CY2021Q4	ifrs-full	Fair Value Of Investments In Equity Instruments Designated As Measured At Fair Value Through Other Comprehensive Income FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome	2453000000	eur
CY2021Q4	ifrs-full	Derivative Financial Assets Held For Hedging DerivativeFinancialAssetsHeldForHedging	4761000000	eur
CY2021Q4	ifrs-full	Accumulated Fair Value Hedge Adjustment On Hedged Item Included In Carrying Amount Assets AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountAssets	410000000	eur
CY2021Q4	san	Total Financial Assets Remaining TotalFinancialAssetsRemaining	146070000000	eur
CY2021Q4	ifrs-full	Financial Liabilities At Fair Value Through Profit Or Loss Classified As Held For Trading FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading	79469000000	eur
CY2021Q4	ifrs-full	Financial Liabilities At Fair Value Through Profit Or Loss Designated As Upon Initial Recognition FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition	14943000000	eur
CY2021Q4	ifrs-full	Derivative Financial Liabilities Held For Hedging DerivativeFinancialLiabilitiesHeldForHedging	5463000000	eur
CY2021Q4	ifrs-full	Accumulated Fair Value Hedge Adjustment On Hedged Item Included In Carrying Amount Liabilities AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountLiabilities	248000000	eur
CY2021Q4	san	Total Financial Liabilities Remaining TotalFinancialLiabilitiesRemaining	100123000000	eur
CY2023	ifrs-full	Disclosure Of Offsetting Of Financial Assets And Financial Liabilities Explanatory DisclosureOfOffsettingOfFinancialAssetsAndFinancialLiabilitiesExplanatory	<div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Following is the detail of financial assets and liabilities that were offset in the consolidated balance sheets as of 31 December 2023, 2022 and 2021:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:23.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.430%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:25.134%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:25.136%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount<br/>of<br/>financial<br/>assets</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount<br/>of financial<br/>assets<br/>offset in the<br/>balance sheet</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net amount<br/>of financial<br/>assets<br/>presented in<br/>the balance<br/>sheet</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">149,508 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(87,883)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">61,625 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Reverse repurchase agreements</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">179,580 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(79,500)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">100,080 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">329,088</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(167,383)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">161,705</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:24.517%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.430%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.828%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2022</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount<br/>of<br/>financial<br/>assets</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount<br/>of financial<br/>assets<br/>offset in the<br/>balance sheet</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net amount<br/>of financial<br/>assets<br/>presented in<br/>the balance<br/>sheet</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">176,814 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(101,743)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">75,071 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Reverse repurchase agreements</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">127,561 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(48,949)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">78,612 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">304,375</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(150,692)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">153,683</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:24.517%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.430%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.828%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2021</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount<br/>of<br/>financial<br/>assets</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount<br/>of financial<br/>assets<br/>offset in the<br/>balance sheet</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net amount<br/>of financial<br/>assets<br/>presented in<br/>the balance<br/>sheet</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">101,486 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(42,432)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">59,054 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Reverse repurchase agreements</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">72,023 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,917)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">58,106 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">173,509</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(56,349)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">117,160</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:24.517%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.430%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.828%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount<br/>of<br/>financial<br/>liabilities</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount<br/>of financial<br/>liabilities<br/>offset in the<br/>balance sheet</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net amount<br/>of financial<br/>liabilities<br/>presented in<br/>the balance<br/>sheet</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">146,128 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(87,883)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">58,245 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Reverse repurchase agreements</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">212,840 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(79,500)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">133,340 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">358,968</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(167,383)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">191,585</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:24.517%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.430%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.828%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2022</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount<br/>of<br/>financial<br/>liabilities</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount<br/>of financial<br/>liabilities<br/>offset in the<br/>balance sheet</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net amount<br/>of financial<br/>liabilities<br/>presented in<br/>the balance<br/>sheet</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">175,862 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(101,743)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">74,119 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Reverse repurchase agreements</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">148,715 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(48,949)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">99,766 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">324,577</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(150,692)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">173,885</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:24.517%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.430%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.828%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2021</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount<br/>of<br/>financial<br/>liabilities</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount<br/>of financial<br/>liabilities<br/>offset in the<br/>balance sheet</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net amount<br/>of financial<br/>liabilities<br/>presented in<br/>the balance<br/>sheet</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">101,462 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(42,432)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">59,029 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Reverse repurchase agreements</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">73,424 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,916)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">59,508 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">174,886</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(56,348)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">118,537</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>
CY2023Q4	ifrs-full	Gross Financial Assets Subject To Offsetting Enforceable Master Netting Arrangements Or Similar Agreements GrossFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements	329088000000	eur
CY2023Q4	ifrs-full	Gross Financial Liabilities Set Off Against Financial Assets Subject To Offsetting Enforceable Master Netting Arrangements Or Similar Agreements GrossFinancialLiabilitiesSetOffAgainstFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements	167383000000	eur
CY2023Q4	ifrs-full	Net Financial Assets Subject To Offsetting Enforceable Master Netting Arrangements Or Similar Agreements In Statement Of Financial Position NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition	161705000000	eur
CY2022Q4	ifrs-full	Gross Financial Assets Subject To Offsetting Enforceable Master Netting Arrangements Or Similar Agreements GrossFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements	304375000000	eur
CY2022Q4	ifrs-full	Gross Financial Liabilities Set Off Against Financial Assets Subject To Offsetting Enforceable Master Netting Arrangements Or Similar Agreements GrossFinancialLiabilitiesSetOffAgainstFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements	150692000000	eur
CY2022Q4	ifrs-full	Net Financial Assets Subject To Offsetting Enforceable Master Netting Arrangements Or Similar Agreements In Statement Of Financial Position NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition	153683000000	eur
CY2021Q4	ifrs-full	Gross Financial Assets Subject To Offsetting Enforceable Master Netting Arrangements Or Similar Agreements GrossFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements	173509000000	eur
CY2021Q4	ifrs-full	Gross Financial Liabilities Set Off Against Financial Assets Subject To Offsetting Enforceable Master Netting Arrangements Or Similar Agreements GrossFinancialLiabilitiesSetOffAgainstFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements	56349000000	eur
CY2021Q4	ifrs-full	Net Financial Assets Subject To Offsetting Enforceable Master Netting Arrangements Or Similar Agreements In Statement Of Financial Position NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition	117160000000	eur
CY2023Q4	ifrs-full	Gross Financial Liabilities Subject To Offsetting Enforceable Master Netting Arrangements Or Similar Agreements GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements	358968000000	eur
CY2023Q4	ifrs-full	Gross Financial Assets Set Off Against Financial Liabilities Subject To Offsetting Enforceable Master Netting Arrangements Or Similar Agreements GrossFinancialAssetsSetOffAgainstFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements	167383000000	eur
CY2023Q4	ifrs-full	Net Financial Liabilities Subject To Offsetting Enforceable Master Netting Arrangements Or Similar Agreements In Statement Of Financial Position NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition	191585000000	eur
CY2022Q4	ifrs-full	Gross Financial Liabilities Subject To Offsetting Enforceable Master Netting Arrangements Or Similar Agreements GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements	324577000000	eur
CY2022Q4	ifrs-full	Gross Financial Assets Set Off Against Financial Liabilities Subject To Offsetting Enforceable Master Netting Arrangements Or Similar Agreements GrossFinancialAssetsSetOffAgainstFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements	150692000000	eur
CY2022Q4	ifrs-full	Net Financial Liabilities Subject To Offsetting Enforceable Master Netting Arrangements Or Similar Agreements In Statement Of Financial Position NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition	173885000000	eur
CY2021Q4	ifrs-full	Gross Financial Liabilities Subject To Offsetting Enforceable Master Netting Arrangements Or Similar Agreements GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements	174886000000	eur
CY2021Q4	ifrs-full	Gross Financial Assets Set Off Against Financial Liabilities Subject To Offsetting Enforceable Master Netting Arrangements Or Similar Agreements GrossFinancialAssetsSetOffAgainstFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements	56348000000	eur
CY2021Q4	ifrs-full	Net Financial Liabilities Subject To Offsetting Enforceable Master Netting Arrangements Or Similar Agreements In Statement Of Financial Position NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition	118537000000	eur
CY2023Q4	san	Gross Financial Instruments Set Off Against Financial Instruments Subject To Offsetting Enforceable Master Netting Arrangements Or Similar Agreements Other GrossFinancialInstrumentsSetOffAgainstFinancialInstrumentsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsOther	910000000	eur
CY2022Q4	san	Gross Financial Instruments Set Off Against Financial Instruments Subject To Offsetting Enforceable Master Netting Arrangements Or Similar Agreements Other GrossFinancialInstrumentsSetOffAgainstFinancialInstrumentsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsOther	1024000000	eur
CY2021Q4	san	Gross Financial Instruments Set Off Against Financial Instruments Subject To Offsetting Enforceable Master Netting Arrangements Or Similar Agreements Other GrossFinancialInstrumentsSetOffAgainstFinancialInstrumentsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsOther	1188000000	eur
CY2023Q4	ifrs-full	Net Financial Assets Subject To Offsetting Enforceable Master Netting Arrangements Or Similar Agreements NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements	151044000000	eur
CY2022Q4	ifrs-full	Net Financial Assets Subject To Offsetting Enforceable Master Netting Arrangements Or Similar Agreements NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements	141529000000	eur
CY2021Q4	ifrs-full	Net Financial Assets Subject To Offsetting Enforceable Master Netting Arrangements Or Similar Agreements NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements	106430000000	eur
CY2023Q4	ifrs-full	Net Financial Liabilities Subject To Offsetting Enforceable Master Netting Arrangements Or Similar Agreements NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements	180539000000	eur
CY2022Q4	ifrs-full	Net Financial Liabilities Subject To Offsetting Enforceable Master Netting Arrangements Or Similar Agreements NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements	157572000000	eur
CY2021Q4	ifrs-full	Net Financial Liabilities Subject To Offsetting Enforceable Master Netting Arrangements Or Similar Agreements NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements	104130000000	eur
CY2023	ifrs-full	Disclosure Of Entitys Reportable Segments Explanatory DisclosureOfEntitysReportableSegmentsExplanatory	Primary and secondary segments reporting<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander bases segment reporting on financial information presented to the chief operating decision maker, which excludes certain statutory results items that distort year-on-year comparisons and are not considered for management reporting. This financial information (underlying basis) is computed by adjusting reported results for the effects of certain gains and losses (e.g. capital gains, write-downs, impairment of goodwill, etc.). These gains and losses are items that management and investors ordinarily identify and consider separately to better understand the underlying trends in the business.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander has aligned the information in this note with the underlying information used internally for management reporting and with that presented in Grupo Santander's other public documents.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander executive committee has been determined to be its chief operating decision maker. Grupo Santander's operating segments reflect its organizational and managerial structures. Grupo Santander 's executive committee reviews internal reporting based on these segments to assess performance and allocate resources.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The segments are split by geographic area in which profits are earned and type of business. Grupo Santander prepares the information by aggregating the figures for Grupo Santander’s various geographic areas and business units, relating it to both the accounting data of the units integrated in each segment and that provided by management information systems. The same general principles as those used in Grupo Santander are applied.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">We completed the usual annual adjustment of the perimeter of the Global Customer Relationship Model between Retail Banking and Santander Corporate & Investment Banking and between Retail Banking and Wealth Management & Insurance.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander announced at 4 April 2022 changes in the reportable segments to reflect the new reporting structure effective from the first quarter financial information of 2022.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:115%">The main changes, which have been applied to management information for all periods included in the annual accounts, relate to the following:</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:115%">1.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:115%;padding-left:4.12pt">Reallocation of certain financial costs of the Corporate Centre as follows:</span></div><div style="margin-bottom:9pt;padding-left:19.84pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:115%">a.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:115%;padding-left:1.73pt">Further clarity in the minimum requirement for own funds and eligible liabilities (MREL) and total loss absorbing capacity (TLAC) regulation makes it possible to allocate the cost of eligible debt issuances to the country units.</span></div><div style="margin-bottom:9pt;padding-left:19.84pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:115%">b.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:115%;padding-left:1.41pt">Other financial costs, primarily associated with the cost of funding the excess capital held by the units above the Group's CET1 ratio, have been reassigned accordingly.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:115%">2.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:115%;padding-left:4.12pt">Downsizing of 'Other Europe':</span></div><div style="margin-bottom:9pt;padding-left:22.68pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:115%">a.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:115%;padding-left:4.57pt">The Corporate & Investment Banking branches of Banco Santander, S.A. in Europe and other business lines previously reported under 'Other Europe' have been now integrated into the Spain unit to reflect how the business will be managed and supervised, in line with other regions.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:115%">Grupo Santander recasted the corresponding information of earlier periods considering the changes included in this section to facilitate a homogeneous comparison.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The above-mentioned changes have no impact on the Group’s reported consolidated financial statements. </span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i9bc7e092a3894a72a3c092b352f6191c"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">a) Primary segments</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">This primary level of segmentation, which is based on the Group’s management structure, comprises five reportable segments: four operating areas plus the Corporate Centre. The operating areas are:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Europe: which comprises all business activity carried out in the region, except that included in Digital Consumer Bank.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">North America: which comprises all the business activities carried out in Mexico and the US, which includes the holding company (SHUSA) and the businesses of Santander Bank, Santander Consumer USA, the specialized business unit Banco Santander International, Santander Investment Securities (SIS), Santander's New York branch and Santander US Capital Markets LLC (previously Amherst Pierpont Securities (APS)).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">South America: includes all the financial activities carried out by Grupo Santander through its banks and subsidiary banks in the region.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Digital Consumer Bank: includes Santander Consumer Finance, which incorporates the entire consumer finance business in Europe, Openbank and ODS.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In addition to these operating units, which report by geographic area and businesses, Grupo Santander continues to maintain the area of Corporate Centre, that includes the centralized activities relating to equity stakes in financial companies, financial management of the structural exchange rate position, assumed within the sphere of Grupo Santander’s assets and liabilities committee, as well as management of liquidity and of shareholders’ equity via issuances.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">As Grupo Santander’s holding entity, this area manages all capital and reserves and allocations of capital and liquidity with the rest of businesses. It also incorporates amortization of goodwill but not the costs related to the Grupo Santander’s central services (charged to the areas), except for corporate and institutional expenses related to the Grupo Santander’s functioning.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">With regard to the balance sheet, due to the required segregation of the various business units (included in a single consolidated balance sheet), the amounts lent and borrowed between the units are shown as increases in the assets and liabilities of each business. These amounts relating to intra-Group liquidity are eliminated and are shown in the Intra-Group eliminations column in the table below in order to reconcile the amounts contributed by each business unit to the consolidated Grupo Santander's balance sheet. </span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">There are no customers located in any of the areas that generate income exceeding 10% of Total income.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The condensed balance sheets and income statements of the various primary segments are as follows:</span></div></div></div><div style="margin-bottom:9pt;padding-right:263.62pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:33.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.939%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="21" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance sheet (condensed)</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Europe</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">North America</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">South America</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Digital Consumer Bank</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate Centre</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Intra-Group eliminations</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total assets</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">955,344 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">294,827 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">325,049 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">166,796 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">254,705 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(199,660)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,797,062</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total liabilities</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">911,173 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">271,183 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">299,155 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">153,355 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">166,809 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(108,854)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,692,821</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total equity</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,171 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23,644 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,894 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,441 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">87,896 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(90,806)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">104,241</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other customer funds under management</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">111,933 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,733 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">78,076 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">996 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">209,737</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other non-managed marketed customer funds </span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,390 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,503 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,087 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,057 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">50,036</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div><span><br/></span></div><div><span><br/></span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:32.085%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.236%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="21" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Balance sheet (condensed)</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Europe</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">North America</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">South America</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Digital Consumer Bank</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate Centre</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Intra-Group eliminations</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total assets </span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">958,207 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">288,595 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">292,925 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">151,015 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">262,218 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(218,301)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,734,659</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:105%">Total liabilities</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">915,167 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">262,931 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">268,417 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">137,986 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">178,651 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(126,078)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,637,074</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:105%">Total equity</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,040 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,664 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,508 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,029 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">83,567 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(92,223)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">97,585</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other customer funds under management</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">100,178 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,571 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">65,251 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">880 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">181,880</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other non-managed marketed customer funds </span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23,305 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,908 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,077 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,089 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">48,379</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div><span><br/></span></div><div><span><br/></span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:33.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.939%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="21" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance sheet (condensed)</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Europe</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">North America</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">South America</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Digital Consumer Bank</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate Centre</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Intra-Group eliminations</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total assets </span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">943,875 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">244,734 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">257,805 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">148,005 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">215,467 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(214,051)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,595,835</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total liabilities</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">899,007 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">216,048 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">237,375 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">135,599 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">135,950 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(125,197)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,498,782</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total equity</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,868 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28,686 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,430 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,406 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">79,517 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(88,854)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">97,053</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other customer funds under management</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">114,698 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,949 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">57,428 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">852 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">186,927</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other non-managed marketed customer funds</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,572 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,213 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">103 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,497 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">48,385</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The condensed income statements for the primary segments are as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:37.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.976%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="18" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement (condensed) </span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Europe</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">North America</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">South America</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Digital Consumer Bank</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate centre</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net interest income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,910</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,159</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,040</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,193</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(41)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">43,261</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,399 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,192 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,684 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">796 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,057 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,033 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">505 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,280 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">117 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(302)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,633 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">97 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">318 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,033)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">396 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(83)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(304)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">21,439</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,174</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17,971</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,502</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(439)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">57,647</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Administrative expenses, depreciation and amortisation</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9,030)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6,465)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6,920)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,618)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(391)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(25,425)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,409</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,708</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,050</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,884</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(829)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">32,222</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">E</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,533)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,733)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,401)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(792)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12,458)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">F</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,681)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(138)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,041)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(72)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(134)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,066)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Operating profit/(loss) before tax</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,195</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,837</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,608</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,019</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(961)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,698</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,371)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(468)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,121)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(493)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(36)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,489)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit from continuing operations</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,824</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,369</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,487</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,526</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(998)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,209</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net profit from discontinued operations</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,824</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,369</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,487</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,526</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(998)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,209</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(342)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(15)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(449)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(327)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,133)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Attributable profit to the parent</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,482</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,354</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,038</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,199</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(998)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,076</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Net interest income includes the net amount of the profit and loss account items 'Interest income' and 'Interest expense'. It is presented this way because it is how it is presented to the main operational decision maker.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.48pt">Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.7pt">Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. </span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5pt">'Net Operating Income' is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">E.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.9pt">'Net loan-loss provisions' refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement. Additionally, includes a release of EUR 24 million mainly corresponding to the results by commitments and contingent risks includes in the line of the statutory income statement of provisions or reversal of provisions.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">F.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:6.1pt">Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except a release EUR 24 million mainly corresponding to the results by commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognised in results and Gains or losses on non-current assets held for sale not classified as discontinued operations.</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:38.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.976%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="18" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement (condensed) </span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Europe</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">North America</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">South America</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Digital Consumer Bank</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate Centre</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net interest income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,565</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,705</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,979</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,022</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(652)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">38,619</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,493 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,958 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,515 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">843 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(19)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,790 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">821 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">204 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,291 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">60 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(723)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,653 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">151 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">449 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(761)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">344 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(91)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">92 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,030</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,316</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,024</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,269</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,485)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">52,154</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Administrative expenses, depreciation and amortisation</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8,523)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,871)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6,675)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,462)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(372)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(23,903)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,507</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,445</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,349</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,807</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,857)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">28,251</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">E</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,396)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,538)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,041)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(544)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10,509)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisionsF</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,629)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(118)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(544)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(27)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(174)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,492)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Operating profit/(loss) before tax</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,482</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,789</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,764</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,236</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,021)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,250</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,492)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(869)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,549)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(549)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(27)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,486)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit from continuing operations</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,990</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,920</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,215</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,687</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,048)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,764</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net profit from discontinued operations</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,990</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,920</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,215</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,687</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,048)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,764</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">179 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">557 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">379 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,159 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Attributable profit to the parent</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,811</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,877</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,658</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,308</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,049)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,605</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Net interest income includes the net amount of the profit and loss account items 'Interest income' and 'Interest expense'. It is presented this way because it is how it is presented to the main operational decision maker.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.48pt">Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.7pt">Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. </span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5pt">'Net Operating Income' is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">E.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.9pt">'Loan loss provisions' refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement. Additionally, includes a release of EUR 27 million mainly corresponding to the results by commitments and contingent risks includes in the line of the statutory income statement of provisions or reversal of provisions.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">F.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:6.1pt">Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except a release of EUR 27 million mainly corresponding to the results by commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognised in results and Gains or losses on non-current assets held for sale not classified as discontinued operations.</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:38.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.827%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="18" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement (condensed) </span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Europe</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">North America</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">South America</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Digital</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consumer</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Bank</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate Centre</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net interest income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,574</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,072</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,307</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,041</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(624)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">33,370</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,344 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,644 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,721 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">821 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(28)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,502 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">756 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">224 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">716 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(141)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,563 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">260 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">914 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(407)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">229 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(27)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">969 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,934</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,854</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,337</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,099</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(820)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">46,404</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Administrative expenses, depreciation and amortisation</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8,318)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,967)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,379)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,405)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(346)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(21,415)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,616</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,887</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,958</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,694</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,166)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">24,989</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">E</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,293)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,210)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,251)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(527)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(155)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7,436)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">F</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,290)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(145)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(474)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(194)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(190)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,293)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Operating profit/(loss) before tax</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,033</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,532</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,233</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,973</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,511)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,260</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,212)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,016)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,360)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(464)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(24)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,076)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit from continuing operations</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,821</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,516</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,873</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,509</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,535)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,184</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net profit from discontinued operations</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,821</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,516</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,873</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,509</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,535)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,184</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">71 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">556 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">556 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">345 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,530 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Attributable profit to the parent</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,750</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,960</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,317</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,164</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,537)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,654</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Net interest income includes the net amount of the profit and loss account items 'Interest income' and 'Interest expense'. It is presented this way because it is how it is presented to the main operational decision maker.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.48pt">Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.7pt">Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. </span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5pt">'Net Operating Income' is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">E.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.9pt">'Net loan-loss provisions' refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement. Additionally, includes an addition of EUR 29 million mainly corresponding to the results by commitments and contingent risks includes in the line of the statutory income statement of provisions or reversal of provisions.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">F.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:6.1pt">Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except an addition of EUR 29 million mainly corresponding to the results by commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognised in results and Gains or losses on non-current assets held for sale not classified as discontinued operations.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="ic6ffe785eef54f988c4c84260e50e0d0"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">b) Secondary segments</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At this secondary level, Grupo Santander is structured into Retail Banking, Santander Corporate & Investment Banking (SCIB), Wealth Management & Insurance (WM&I) and PagoNxt.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Retail Banking: this covers all customer banking businesses, including consumer finance, except those of corporate banking which are managed through Santander Corporate & Investment Banking, asset management, private banking and insurance, which are managed by WM&I. The results of the hedging positions in each country are also included, conducted within the sphere of their respective assets and liabilities committees.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Santander Corporate & Investment Banking (SCIB): this business reflects revenue from global corporate banking, investment banking and markets worldwide including treasuries managed globally (always after the appropriate distribution with Retail Banking customers), as well as equity business.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Wealth Management & Insurance: includes the asset management business (Santander Asset Management), the corporate unit of Private Banking and International Private Banking in Miami and Switzerland (Santander Private Banking) and the insurance business (Santander Insurance).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">PagoNxt: this includes digital payment solutions, providing global technology solutions for Grupo Santander's banks and new customers in the open market. It is structured in four businesses: Merchant, International Trade, Payments and Consumer.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Although WM&I and PagoNxt do not meet the quantitative thresholds defined in IFRS 8, these segments are considered reportable by Grupo Santander and are disclosed separately because Grupo Santander's management believes that information about these segments are useful to users of the financial statements.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">There are no customers located in a place different from the location of the Group's assets that generate revenues in excess of 10% of ordinary revenues.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The condensed income statements are as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:38.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.827%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="18" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"> Underlying income statement (condensed)</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Retail Banking</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Santander Corporate & Investment Banking</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Wealth Management & Insurance</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">PagoNxt</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate centre</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net interest income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">37,985</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,485</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,739</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">93</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(41)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">43,261</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,661 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,190 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,265 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">954 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,057 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">214 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,581 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">149 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(302)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,633 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(606)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">241 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">102 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(83)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(304)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">45,254</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,296</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,396</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,140</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(439)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">57,647</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Administrative expenses, depreciation and amortisation</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(19,396)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,391)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,156)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,091)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(391)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(25,425)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">25,858</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,905</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,240</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">49</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(829)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">32,222</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">E</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12,295)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(162)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(24)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12,458)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">F</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,691)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(174)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(26)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(42)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(134)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,066)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Operating profit/(loss) before tax</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,872</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,570</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,235</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(17)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(961)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,698</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,586)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,280)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(528)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(59)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(36)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,489)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit/(loss) from continuing operations</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,286</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,290</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,707</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(76)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(998)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,209</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net profit/(loss) from discontinued operations</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit/(loss)</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,286</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,290</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,707</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(76)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(998)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,209</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(849)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(212)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(71)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,133)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Attributable profit/(loss) to the parent</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,436</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,078</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,637</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(77)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(998)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,076</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Net interest income includes the net amount of the profit and loss account items 'Interest income' and 'Interest expense'. It is presented this way because it is how it is presented to the main operational decision maker.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.48pt">Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.7pt">Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. </span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5pt">Net Operating Income is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">E.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.9pt">Net loan-loss provisions refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement. Additionally, includes a release of EUR 24 million mainly corresponding to the results by commitments and contingent risks included in the line provisions or reversal of provisions, net of the statutory income statement.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">F.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:6.1pt">Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except a release of EUR 24 million mainly corresponding to the results by commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognized in results and Gains or losses on non-current assets held for sale not classified as discontinued operations.</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:37.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.828%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="18" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement (condensed) </span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Retail Banking</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Santander Corporate & Investment Banking (SCIB)</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Wealth Management & Insurance</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">PagoNxt</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate Centre</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net interest income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">34,880</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,544</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">825</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(652)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">38,619</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,650 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,988 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,291 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">881 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(19)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,790 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">435 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,833 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">123 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(723)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,653 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(280)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">369 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">64 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(91)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">92 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">42,685</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,396</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,608</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">953</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,485)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">52,154</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Administrative expenses, depreciation and amortisation</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(18,568)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,898)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,041)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,024)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(372)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(23,903)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">24,117</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,498</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,567</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(71)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,857)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">28,251</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">E</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10,210)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(251)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(44)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10,509)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">F</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,135)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(131)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(26)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(26)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(174)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,492)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Operating profit/(loss) before tax</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,772</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,116</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,527</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(141)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,021)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,250</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,931)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,119)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(347)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(63)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(27)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,486)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit/(loss) from continuing operations</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,841</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,997</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,180</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(204)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,048)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,764</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net profit/(loss) from discontinued operations</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit/(loss)</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,841</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,997</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,180</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(204)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,048)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,764</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">895 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">192 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">60 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,159 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Attributable profit/(loss) to the parent</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,946</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,805</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,120</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(216)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,049)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,605</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Net interest income includes the net amount of the profit and loss account items 'Interest income' and 'Interest expense'. It is presented this way because it is how it is presented to the main operational decision maker.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.48pt">Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.7pt">Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. </span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5pt">Net Operating Income is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">E.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.9pt">Net loan-loss provisions refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement. Additionally, includes a release of EUR 27 million mainly corresponding to the results by commitments and contingent risks included in the line provisions or reversal of provisions, net of the statutory income statement.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">F.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:6.1pt">Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except a release of EUR 27 million mainly corresponding to the results by commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognized in results and Gains or losses on non-current assets held for sale not classified as discontinued operations.</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:37.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.828%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="18" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement (condensed) </span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Retail Banking</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Santander Corporate & Investment Banking (SCIB)</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Wealth Management & Insurance</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">PagoNxt</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate Centre</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total </span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net interest income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">30,595</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,921</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">477</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(624)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">33,370</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,045 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,744 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,248 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">493 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(28)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,502 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">839 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">766 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">100 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(141)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,563 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">390 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">188 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">416 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(27)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">969 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">38,869</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,619</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,241</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">495</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(820)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">46,404</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Administrative expenses, depreciation and amortisation</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(17,102)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,380)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(914)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(673)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(346)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(21,415)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">21,767</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,239</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,327</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(178)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,166)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">24,989</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">E</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7,082)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(151)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(38)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(155)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7,436)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">F</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,053)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(17)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(39)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(190)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,293)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Operating profit/(loss) before tax</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,632</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,071</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,295</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(227)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,511)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,260</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,898)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(821)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(309)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(24)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(24)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,076)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit/(loss) from continuing operations</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,734</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,250</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">986</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(251)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,535)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,184</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net profit/(loss) from discontinued operations</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit/(loss)</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,734</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,250</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">986</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(251)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,535)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,184</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,345 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">137 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,530 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Attributable profit/(loss) to the parent</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,389</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,113</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">942</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(253)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,537)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,654</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Net interest income includes the net amount of the profit and loss account items 'Interest income' and 'Interest expense'. It is presented this way because it is how it is presented to the main operational decision maker.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.48pt">Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.7pt">Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. </span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5pt">Net Operating Income is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">E.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.9pt">Net loan-loss provisions refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement. Additionally, includes an addition of EUR 29 million mainly corresponding to the results by commitments and contingent risks included in the line provisions or reversal of provisions, net of the statutory income statement.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">F.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:6.1pt">Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except an addition of EUR 29 million mainly corresponding to the results by commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognized in results and Gains or losses on non-current assets held for sale not classified as discontinued operations.</span></div><div style="margin-bottom:6pt;padding-right:263.62pt"><span id="i9bb8330a61274faa96f9d7ef0d619405"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">c) Reconciliations of reportable segment results</span></div><div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The tables below reconcile the statutory basis results to the underlying results for each of the periods presented as required by IFRS 8. For the purposes of these reconciliations, all material reconciling items are separately identified and described.</span></div><div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander assets and liabilities for management reporting purposes do not differ from the statutory reported figures and therefore are not reconciled.</span></div><div style="margin-bottom:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:65.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.160%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="12" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Reconciliation of statutory results to underlying results </span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Statutory results</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Adjustments</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying results</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net interest income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">43,261</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">43,261</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,057 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,057 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,633 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,633 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(528)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">224 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(304)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">57,423</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">224</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">57,647</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Administrative expenses, depreciation and amortisation</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(25,425)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(25,425)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31,998</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">224</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">32,222</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">E</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12,932)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">474 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12,458)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">F</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,607)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(459)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,066)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Operating profit/(loss) before tax</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,459</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">239</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,698</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,276)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(213)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,489)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Adjusted profit for the year from continuing operations</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,183</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">26</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,209</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Profit from discontinued operations (net)</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit/(loss)</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,183</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">26</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,209</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,107)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(26)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,133)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Attributable profit/(loss) to the parent</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,076</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,076</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Net interest income includes the net amount of the profit and loss account items 'Interest income' and 'Interest expense'. It is presented this way because it is how it is presented to the main operational decision maker.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.48pt">Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.7pt">Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5pt">Net Operating Income is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">E.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.9pt">Net loan-loss provisions refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement. Additionally, includes a release of EUR 24 million mainly corresponding to the results by commitments and contingent risks includes in the line of the statutory income statement of provisions or reversal of provisions.</span></div><div style="margin-bottom:15pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">F.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:6.1pt">Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except for a release of EUR 24 million mainly corresponding to results from commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognized in results and Gains or losses on non-current assets held for sale not classified as discontinued operations.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Explanation of adjustments:</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Temporary levy on revenue in Spain in the first quarter, totalling EUR 224 million, which was moved from total income to other gains (losses) and provisions. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Additional provisions for specific cases in the wholesale portfolio of Brazil for an amount of EUR 235 million, net of tax and non-controlling interests (EUR 474 million recorded in net loan-loss provisions, EUR 213 million positive impact in tax and EUR 26 million in non-controlling interests).</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:65.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.160%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="12" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Reconciliation of statutory results to underlying results</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Statutory results</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Adjustments</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying results</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net interest income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">38,619</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">38,619</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income </span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,790 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,790 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,653 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,653 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">55 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">37 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">92 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income </span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">52,117</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">37</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">52,154</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Administrative expenses, depreciation and amortisation </span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(23,903)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(23,903)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">28,214</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">37</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">28,251</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">E</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10,836)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">327 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10,509)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">F</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,128)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(364)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,492)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Operating profit/(loss) before tax </span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,250</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,250</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit </span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,486)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,486)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Adjusted profit for the year from continuing operations</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,764</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,764</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Profit from discontinued operations (net)</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit/(loss)</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,764</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,764</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,159)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,159)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Attributable profit/(loss) to the parent</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,605</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,605</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Net interest income includes the net amount of the profit and loss account items 'Interest income' and 'Interest expense'. It is presented this way because it is how it is presented to the main operational decision maker.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.48pt">Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.7pt">Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5pt">Net Operating Income is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">E.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.9pt">Net loan-loss provisions refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement. Additionally, includes a release of EUR 27 million mainly corresponding to the results by commitments and contingent risks includes in the line of the statutory income statement of provisions or reversal of provisions.</span></div><div style="margin-bottom:27pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">F.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:6.1pt">Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except for a release of EUR 27 million mainly corresponding to results from commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognized in results and Gains or losses on non-current assets held for sale not classified as discontinued operations</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Explanation of adjustments:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Mainly, payment holidays in Poland. </span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:65.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.160%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="12" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Reconciliation of statutory results to underlying results</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Statutory results</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Adjustments</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying results</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net interest income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">33,370</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">33,370</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income </span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,502 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,502 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,563 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,563 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">969 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">969 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income </span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">46,404</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">46,404</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Administrative expenses, depreciation and amortisation </span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(21,415)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(21,415)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">24,989</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">24,989</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">E</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7,436)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7,436)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">F</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,006)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">713 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,293)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Operating profit/(loss) before tax </span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,547</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">713</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,260</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit </span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,894)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(182)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,076)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Adjusted profit for the year from continuing operations</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,653</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">531</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,184</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Profit from discontinued operations (net)</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit/(loss)</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,653</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">531</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,184</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,529)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,530)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Attributable profit/(loss) to the parent</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,124</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">530</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,654</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Net interest income includes the net amount of the profit and loss account items 'Interest income' and 'Interest expense'. It is presented this way because it is how it is presented to the main operational decision maker.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.48pt">Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.7pt">Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. </span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5pt">Net Operating Income is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">E.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.9pt">Net loan-loss provisions refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement. Additionally, includes an addition of EUR 29 million mainly corresponding to the results by commitments and contingent risks includes in the line of the statutory income statement of provisions or reversal of provisions.</span></div><div style="margin-bottom:18pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">F.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:6.1pt">Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except an addition of EUR 29 million mainly corresponding to results from commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognized in results and Gains or losses on non-current assets held for sale not classified as discontinued operations.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Explanation of adjustments: </span></div><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span>Restructuring costs for net impact of EUR -530 million, mainly in the United Kingdom and Portugal.
CY2023	san	Reportable Segments Number ReportableSegmentsNumber	5	segment
CY2023	san	Number Of Operating Areas NumberOfOperatingAreas	4	operatingareas
CY2023	ifrs-full	Disclosure Of Operating Segments Explanatory DisclosureOfOperatingSegmentsExplanatory	<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The condensed balance sheets and income statements of the various primary segments are as follows:</span></div><div style="margin-bottom:9pt;padding-right:263.62pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:33.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.939%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="21" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance sheet (condensed)</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Europe</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">North America</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">South America</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Digital Consumer Bank</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate Centre</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Intra-Group eliminations</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total assets</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">955,344 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">294,827 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">325,049 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">166,796 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">254,705 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(199,660)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,797,062</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total liabilities</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">911,173 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">271,183 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">299,155 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">153,355 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">166,809 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(108,854)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,692,821</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total equity</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,171 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23,644 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,894 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,441 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">87,896 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(90,806)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">104,241</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other customer funds under management</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">111,933 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,733 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">78,076 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">996 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">209,737</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other non-managed marketed customer funds </span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,390 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,503 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,087 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,057 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">50,036</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div><span><br/></span></div><div><span><br/></span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:32.085%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.236%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="21" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Balance sheet (condensed)</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Europe</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">North America</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">South America</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Digital Consumer Bank</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate Centre</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Intra-Group eliminations</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total assets </span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">958,207 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">288,595 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">292,925 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">151,015 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">262,218 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(218,301)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,734,659</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:105%">Total liabilities</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">915,167 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">262,931 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">268,417 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">137,986 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">178,651 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(126,078)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,637,074</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:105%">Total equity</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,040 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,664 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,508 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,029 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">83,567 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(92,223)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">97,585</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other customer funds under management</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">100,178 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,571 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">65,251 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">880 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">181,880</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other non-managed marketed customer funds </span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23,305 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,908 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,077 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,089 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">48,379</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div><span><br/></span></div><div><span><br/></span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:33.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.939%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="21" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance sheet (condensed)</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Europe</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">North America</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">South America</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Digital Consumer Bank</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate Centre</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Intra-Group eliminations</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total assets </span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">943,875 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">244,734 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">257,805 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">148,005 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">215,467 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(214,051)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,595,835</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total liabilities</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">899,007 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">216,048 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">237,375 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">135,599 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">135,950 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(125,197)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,498,782</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total equity</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,868 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28,686 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,430 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,406 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">79,517 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(88,854)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">97,053</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other customer funds under management</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">114,698 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,949 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">57,428 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">852 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">186,927</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other non-managed marketed customer funds</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,572 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,213 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">103 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,497 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">48,385</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The condensed income statements for the primary segments are as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:37.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.976%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="18" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement (condensed) </span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Europe</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">North America</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">South America</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Digital Consumer Bank</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate centre</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net interest income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,910</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,159</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,040</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,193</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(41)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">43,261</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,399 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,192 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,684 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">796 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,057 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,033 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">505 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,280 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">117 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(302)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,633 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">97 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">318 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,033)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">396 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(83)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(304)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">21,439</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,174</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17,971</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,502</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(439)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">57,647</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Administrative expenses, depreciation and amortisation</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9,030)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6,465)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6,920)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,618)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(391)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(25,425)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,409</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,708</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,050</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,884</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(829)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">32,222</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">E</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,533)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,733)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,401)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(792)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12,458)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">F</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,681)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(138)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,041)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(72)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(134)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,066)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Operating profit/(loss) before tax</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,195</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,837</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,608</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,019</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(961)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,698</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,371)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(468)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,121)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(493)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(36)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,489)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit from continuing operations</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,824</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,369</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,487</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,526</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(998)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,209</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net profit from discontinued operations</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,824</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,369</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,487</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,526</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(998)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,209</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(342)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(15)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(449)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(327)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,133)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Attributable profit to the parent</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,482</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,354</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,038</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,199</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(998)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,076</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Net interest income includes the net amount of the profit and loss account items 'Interest income' and 'Interest expense'. It is presented this way because it is how it is presented to the main operational decision maker.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.48pt">Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.7pt">Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. </span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5pt">'Net Operating Income' is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">E.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.9pt">'Net loan-loss provisions' refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement. Additionally, includes a release of EUR 24 million mainly corresponding to the results by commitments and contingent risks includes in the line of the statutory income statement of provisions or reversal of provisions.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">F.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:6.1pt">Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except a release EUR 24 million mainly corresponding to the results by commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognised in results and Gains or losses on non-current assets held for sale not classified as discontinued operations.</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:38.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.976%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="18" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement (condensed) </span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Europe</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">North America</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">South America</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Digital Consumer Bank</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate Centre</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net interest income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,565</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,705</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,979</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,022</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(652)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">38,619</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,493 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,958 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,515 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">843 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(19)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,790 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">821 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">204 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,291 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">60 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(723)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,653 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">151 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">449 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(761)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">344 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(91)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">92 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,030</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,316</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,024</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,269</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,485)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">52,154</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Administrative expenses, depreciation and amortisation</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8,523)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,871)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6,675)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,462)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(372)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(23,903)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,507</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,445</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,349</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,807</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,857)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">28,251</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">E</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,396)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,538)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,041)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(544)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10,509)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisionsF</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,629)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(118)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(544)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(27)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(174)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,492)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Operating profit/(loss) before tax</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,482</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,789</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,764</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,236</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,021)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,250</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,492)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(869)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,549)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(549)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(27)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,486)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit from continuing operations</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,990</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,920</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,215</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,687</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,048)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,764</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net profit from discontinued operations</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,990</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,920</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,215</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,687</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,048)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,764</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">179 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">557 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">379 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,159 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Attributable profit to the parent</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,811</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,877</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,658</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,308</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,049)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,605</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Net interest income includes the net amount of the profit and loss account items 'Interest income' and 'Interest expense'. It is presented this way because it is how it is presented to the main operational decision maker.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.48pt">Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.7pt">Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. </span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5pt">'Net Operating Income' is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">E.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.9pt">'Loan loss provisions' refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement. Additionally, includes a release of EUR 27 million mainly corresponding to the results by commitments and contingent risks includes in the line of the statutory income statement of provisions or reversal of provisions.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">F.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:6.1pt">Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except a release of EUR 27 million mainly corresponding to the results by commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognised in results and Gains or losses on non-current assets held for sale not classified as discontinued operations.</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:38.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.827%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="18" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement (condensed) </span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Europe</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">North America</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">South America</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Digital</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consumer</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Bank</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate Centre</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net interest income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,574</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,072</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,307</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,041</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(624)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">33,370</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,344 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,644 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,721 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">821 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(28)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,502 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">756 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">224 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">716 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(141)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,563 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">260 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">914 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(407)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">229 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(27)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">969 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,934</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,854</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,337</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,099</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(820)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">46,404</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Administrative expenses, depreciation and amortisation</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8,318)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,967)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,379)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,405)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(346)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(21,415)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,616</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,887</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,958</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,694</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,166)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">24,989</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">E</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,293)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,210)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,251)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(527)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(155)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7,436)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">F</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,290)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(145)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(474)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(194)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(190)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,293)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Operating profit/(loss) before tax</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,033</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,532</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,233</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,973</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,511)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,260</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,212)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,016)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,360)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(464)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(24)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,076)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit from continuing operations</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,821</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,516</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,873</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,509</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,535)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,184</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net profit from discontinued operations</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,821</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,516</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,873</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,509</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,535)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,184</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">71 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">556 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">556 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">345 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,530 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Attributable profit to the parent</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,750</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,960</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,317</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,164</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,537)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,654</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Net interest income includes the net amount of the profit and loss account items 'Interest income' and 'Interest expense'. It is presented this way because it is how it is presented to the main operational decision maker.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.48pt">Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.7pt">Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. </span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5pt">'Net Operating Income' is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">E.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.9pt">'Net loan-loss provisions' refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement. Additionally, includes an addition of EUR 29 million mainly corresponding to the results by commitments and contingent risks includes in the line of the statutory income statement of provisions or reversal of provisions.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">F.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:6.1pt">Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except an addition of EUR 29 million mainly corresponding to the results by commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognised in results and Gains or losses on non-current assets held for sale not classified as discontinued operations.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The condensed income statements are as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:38.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.827%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="18" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"> Underlying income statement (condensed)</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Retail Banking</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Santander Corporate & Investment Banking</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Wealth Management & Insurance</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">PagoNxt</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate centre</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net interest income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">37,985</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,485</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,739</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">93</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(41)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">43,261</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,661 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,190 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,265 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">954 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,057 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">214 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,581 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">149 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(302)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,633 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(606)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">241 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">102 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(83)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(304)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">45,254</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,296</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,396</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,140</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(439)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">57,647</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Administrative expenses, depreciation and amortisation</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(19,396)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,391)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,156)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,091)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(391)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(25,425)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">25,858</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,905</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,240</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">49</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(829)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">32,222</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">E</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12,295)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(162)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(24)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12,458)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">F</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,691)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(174)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(26)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(42)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(134)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,066)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Operating profit/(loss) before tax</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,872</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,570</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,235</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(17)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(961)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,698</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,586)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,280)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(528)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(59)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(36)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,489)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit/(loss) from continuing operations</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,286</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,290</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,707</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(76)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(998)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,209</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net profit/(loss) from discontinued operations</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit/(loss)</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,286</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,290</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,707</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(76)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(998)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,209</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(849)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(212)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(71)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,133)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Attributable profit/(loss) to the parent</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,436</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,078</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,637</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(77)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(998)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,076</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Net interest income includes the net amount of the profit and loss account items 'Interest income' and 'Interest expense'. It is presented this way because it is how it is presented to the main operational decision maker.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.48pt">Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.7pt">Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. </span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5pt">Net Operating Income is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">E.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.9pt">Net loan-loss provisions refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement. Additionally, includes a release of EUR 24 million mainly corresponding to the results by commitments and contingent risks included in the line provisions or reversal of provisions, net of the statutory income statement.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">F.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:6.1pt">Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except a release of EUR 24 million mainly corresponding to the results by commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognized in results and Gains or losses on non-current assets held for sale not classified as discontinued operations.</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:37.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.828%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="18" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement (condensed) </span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Retail Banking</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Santander Corporate & Investment Banking (SCIB)</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Wealth Management & Insurance</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">PagoNxt</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate Centre</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net interest income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">34,880</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,544</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">825</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(652)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">38,619</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,650 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,988 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,291 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">881 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(19)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,790 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">435 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,833 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">123 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(723)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,653 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(280)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">369 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">64 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(91)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">92 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">42,685</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,396</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,608</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">953</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,485)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">52,154</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Administrative expenses, depreciation and amortisation</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(18,568)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,898)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,041)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,024)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(372)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(23,903)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">24,117</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,498</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,567</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(71)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,857)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">28,251</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">E</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10,210)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(251)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(44)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10,509)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">F</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,135)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(131)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(26)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(26)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(174)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,492)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Operating profit/(loss) before tax</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,772</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,116</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,527</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(141)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,021)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,250</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,931)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,119)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(347)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(63)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(27)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,486)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit/(loss) from continuing operations</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,841</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,997</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,180</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(204)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,048)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,764</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net profit/(loss) from discontinued operations</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit/(loss)</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,841</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,997</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,180</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(204)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,048)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,764</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">895 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">192 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">60 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,159 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Attributable profit/(loss) to the parent</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,946</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,805</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,120</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(216)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,049)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,605</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Net interest income includes the net amount of the profit and loss account items 'Interest income' and 'Interest expense'. It is presented this way because it is how it is presented to the main operational decision maker.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.48pt">Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.7pt">Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. </span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5pt">Net Operating Income is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">E.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.9pt">Net loan-loss provisions refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement. Additionally, includes a release of EUR 27 million mainly corresponding to the results by commitments and contingent risks included in the line provisions or reversal of provisions, net of the statutory income statement.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">F.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:6.1pt">Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except a release of EUR 27 million mainly corresponding to the results by commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognized in results and Gains or losses on non-current assets held for sale not classified as discontinued operations.</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:37.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.828%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="18" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement (condensed) </span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Retail Banking</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Santander Corporate & Investment Banking (SCIB)</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Wealth Management & Insurance</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">PagoNxt</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate Centre</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total </span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net interest income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">30,595</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,921</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">477</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(624)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">33,370</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,045 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,744 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,248 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">493 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(28)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,502 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">839 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">766 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">100 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(141)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,563 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">390 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">188 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">416 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(27)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">969 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">38,869</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,619</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,241</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">495</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(820)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">46,404</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Administrative expenses, depreciation and amortisation</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(17,102)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,380)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(914)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(673)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(346)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(21,415)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">21,767</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,239</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,327</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(178)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,166)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">24,989</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">E</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7,082)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(151)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(38)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(155)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7,436)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">F</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,053)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(17)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(39)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(190)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,293)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Operating profit/(loss) before tax</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,632</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,071</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,295</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(227)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,511)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,260</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,898)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(821)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(309)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(24)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(24)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,076)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit/(loss) from continuing operations</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,734</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,250</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">986</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(251)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,535)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,184</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net profit/(loss) from discontinued operations</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit/(loss)</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,734</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,250</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">986</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(251)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,535)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,184</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,345 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">137 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,530 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Attributable profit/(loss) to the parent</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,389</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,113</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">942</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(253)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,537)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,654</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Net interest income includes the net amount of the profit and loss account items 'Interest income' and 'Interest expense'. It is presented this way because it is how it is presented to the main operational decision maker.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.48pt">Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.7pt">Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. </span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5pt">Net Operating Income is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">E.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.9pt">Net loan-loss provisions refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement. Additionally, includes an addition of EUR 29 million mainly corresponding to the results by commitments and contingent risks included in the line provisions or reversal of provisions, net of the statutory income statement.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">F.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:6.1pt">Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except an addition of EUR 29 million mainly corresponding to the results by commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognized in results and Gains or losses on non-current assets held for sale not classified as discontinued operations.</span></div>
CY2023Q4	ifrs-full	Assets Assets	1797062000000	eur
CY2023Q4	ifrs-full	Liabilities Liabilities	1692821000000	eur
CY2023Q4	ifrs-full	Equity Equity	104241000000	eur
CY2023Q4	san	Other Customer Funds Under Management OtherCustomerFundsUnderManagement	209737000000	eur
CY2023Q4	san	Other Non Managed Marketed Customer Funds OtherNonManagedMarketedCustomerFunds	50036000000	eur
CY2022Q4	ifrs-full	Assets Assets	1734659000000	eur
CY2022Q4	ifrs-full	Liabilities Liabilities	1637074000000	eur
CY2022Q4	ifrs-full	Equity Equity	97585000000	eur
CY2022Q4	san	Other Customer Funds Under Management OtherCustomerFundsUnderManagement	181880000000	eur
CY2022Q4	san	Other Non Managed Marketed Customer Funds OtherNonManagedMarketedCustomerFunds	48379000000	eur
CY2021Q4	ifrs-full	Assets Assets	1595835000000	eur
CY2021Q4	ifrs-full	Liabilities Liabilities	1498782000000	eur
CY2021Q4	ifrs-full	Equity Equity	97053000000	eur
CY2021Q4	san	Other Customer Funds Under Management OtherCustomerFundsUnderManagement	186927000000	eur
CY2021Q4	san	Other Non Managed Marketed Customer Funds OtherNonManagedMarketedCustomerFunds	48385000000	eur
CY2022	san	Provision Release Corresponding To Results From Commitments And Contingent Risks Net Of The Statutory Income Statement ProvisionReleaseCorrespondingToResultsFromCommitmentsAndContingentRisksNetOfTheStatutoryIncomeStatement	-27000000	eur
CY2022	san	Provision Release Corresponding To Results From Commitments And Contingent Risks Net Of The Statutory Income Statement ProvisionReleaseCorrespondingToResultsFromCommitmentsAndContingentRisksNetOfTheStatutoryIncomeStatement	-27000000	eur
CY2021	san	Provision Release Corresponding To Results From Commitments And Contingent Risks Net Of The Statutory Income Statement ProvisionReleaseCorrespondingToResultsFromCommitmentsAndContingentRisksNetOfTheStatutoryIncomeStatement	29000000	eur
CY2021	san	Provision Release Corresponding To Results From Commitments And Contingent Risks Net Of The Statutory Income Statement ProvisionReleaseCorrespondingToResultsFromCommitmentsAndContingentRisksNetOfTheStatutoryIncomeStatement	29000000	eur
CY2023	ifrs-full	Interest Revenue Expense InterestRevenueExpense	43261000000	eur
CY2023	ifrs-full	Fee And Commission Income Expense FeeAndCommissionIncomeExpense	12057000000	eur
CY2023	ifrs-full	Other Gains Losses OtherGainsLosses	2633000000	eur
CY2023	san	Other Operating Income Expense Segment Reporting OtherOperatingIncomeExpenseSegmentReporting	-528000000	eur
CY2023	ifrs-full	Gross Profit GrossProfit	57423000000	eur
CY2023	san	Administrative Expenses Depreciation And Amortisation AdministrativeExpensesDepreciationAndAmortisation	25425000000	eur
CY2023	san	Net Operating Income Expense Segment Reporting NetOperatingIncomeExpenseSegmentReporting	31998000000	eur
CY2023	san	Impairment And Reversal Of Impairment On Financial Assets Net ImpairmentAndReversalOfImpairmentOnFinancialAssetsNet	12932000000	eur
CY2023	san	Other Non Financial Gains Losses OtherNonFinancialGainsLosses	-2607000000	eur
CY2023	ifrs-full	Profit Loss Before Tax ProfitLossBeforeTax	16459000000	eur
CY2023	ifrs-full	Income Tax Expense Continuing Operations IncomeTaxExpenseContinuingOperations	4276000000	eur
CY2023	ifrs-full	Profit Loss From Continuing Operations ProfitLossFromContinuingOperations	12183000000	eur
CY2023	ifrs-full	Profit Loss From Discontinued Operations ProfitLossFromDiscontinuedOperations	0	eur
CY2023	ifrs-full	Profit Loss ProfitLoss	12183000000	eur
CY2023	ifrs-full	Profit Loss Attributable To Noncontrolling Interests ProfitLossAttributableToNoncontrollingInterests	1107000000	eur
CY2023	ifrs-full	Profit Loss Attributable To Owners Of Parent ProfitLossAttributableToOwnersOfParent	11076000000	eur
CY2023	san	Provision Release Corresponding To Results From Commitments And Contingent Risks ProvisionReleaseCorrespondingToResultsFromCommitmentsAndContingentRisks	-24000000	eur
CY2023	san	Provision Release Corresponding To Results From Commitments And Contingent Risks ProvisionReleaseCorrespondingToResultsFromCommitmentsAndContingentRisks	-24000000	eur
CY2022	ifrs-full	Interest Revenue Expense InterestRevenueExpense	38619000000	eur
CY2022	ifrs-full	Fee And Commission Income Expense FeeAndCommissionIncomeExpense	11790000000	eur
CY2022	ifrs-full	Other Gains Losses OtherGainsLosses	1653000000	eur
CY2022	san	Other Operating Income Expense Segment Reporting OtherOperatingIncomeExpenseSegmentReporting	55000000	eur
CY2022	ifrs-full	Gross Profit GrossProfit	52117000000	eur
CY2022	san	Administrative Expenses Depreciation And Amortisation AdministrativeExpensesDepreciationAndAmortisation	23903000000	eur
CY2022	san	Net Operating Income Expense Segment Reporting NetOperatingIncomeExpenseSegmentReporting	28214000000	eur
CY2022	san	Impairment And Reversal Of Impairment On Financial Assets Net ImpairmentAndReversalOfImpairmentOnFinancialAssetsNet	10836000000	eur
CY2022	san	Other Non Financial Gains Losses OtherNonFinancialGainsLosses	-2128000000	eur
CY2022	ifrs-full	Profit Loss Before Tax ProfitLossBeforeTax	15250000000	eur
CY2022	ifrs-full	Income Tax Expense Continuing Operations IncomeTaxExpenseContinuingOperations	4486000000	eur
CY2022	ifrs-full	Profit Loss From Continuing Operations ProfitLossFromContinuingOperations	10764000000	eur
CY2022	ifrs-full	Profit Loss From Discontinued Operations ProfitLossFromDiscontinuedOperations	0	eur
CY2022	ifrs-full	Profit Loss ProfitLoss	10764000000	eur
CY2022	ifrs-full	Profit Loss Attributable To Noncontrolling Interests ProfitLossAttributableToNoncontrollingInterests	1159000000	eur
CY2022	ifrs-full	Profit Loss Attributable To Owners Of Parent ProfitLossAttributableToOwnersOfParent	9605000000	eur
CY2022	san	Provision Release Corresponding To Results From Commitments And Contingent Risks ProvisionReleaseCorrespondingToResultsFromCommitmentsAndContingentRisks	-27000000	eur
CY2022	san	Provision Release Corresponding To Results From Commitments And Contingent Risks ProvisionReleaseCorrespondingToResultsFromCommitmentsAndContingentRisks	-27000000	eur
CY2021	ifrs-full	Interest Revenue Expense InterestRevenueExpense	33370000000	eur
CY2021	ifrs-full	Fee And Commission Income Expense FeeAndCommissionIncomeExpense	10502000000	eur
CY2021	ifrs-full	Other Gains Losses OtherGainsLosses	1563000000	eur
CY2021	san	Other Operating Income Expense Segment Reporting OtherOperatingIncomeExpenseSegmentReporting	969000000	eur
CY2021	ifrs-full	Gross Profit GrossProfit	46404000000	eur
CY2021	san	Administrative Expenses Depreciation And Amortisation AdministrativeExpensesDepreciationAndAmortisation	21415000000	eur
CY2021	san	Net Operating Income Expense Segment Reporting NetOperatingIncomeExpenseSegmentReporting	24989000000	eur
CY2021	san	Impairment And Reversal Of Impairment On Financial Assets Net ImpairmentAndReversalOfImpairmentOnFinancialAssetsNet	7436000000	eur
CY2021	san	Other Non Financial Gains Losses OtherNonFinancialGainsLosses	-3006000000	eur
CY2021	ifrs-full	Profit Loss Before Tax ProfitLossBeforeTax	14547000000	eur
CY2021	ifrs-full	Income Tax Expense Continuing Operations IncomeTaxExpenseContinuingOperations	4894000000	eur
CY2021	ifrs-full	Profit Loss From Continuing Operations ProfitLossFromContinuingOperations	9653000000	eur
CY2021	ifrs-full	Profit Loss From Discontinued Operations ProfitLossFromDiscontinuedOperations	0	eur
CY2021	ifrs-full	Profit Loss ProfitLoss	9653000000	eur
CY2021	ifrs-full	Profit Loss Attributable To Noncontrolling Interests ProfitLossAttributableToNoncontrollingInterests	1529000000	eur
CY2021	ifrs-full	Profit Loss Attributable To Owners Of Parent ProfitLossAttributableToOwnersOfParent	8124000000	eur
CY2021	san	Provision Release Corresponding To Results From Commitments And Contingent Risks ProvisionReleaseCorrespondingToResultsFromCommitmentsAndContingentRisks	29000000	eur
CY2021	san	Provision Release Corresponding To Results From Commitments And Contingent Risks ProvisionReleaseCorrespondingToResultsFromCommitmentsAndContingentRisks	29000000	eur
CY2023	ifrs-full	Disclosure Of Related Party Explanatory DisclosureOfRelatedPartyExplanatory	Related parties<div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The parties related to the Group are deemed to include, in addition to its subsidiaries, associates and joint ventures, the Bank's key management personnel (the members of its board of directors and the executive vice presidents, together with their close family members) and the entities over which the key management personnel may exercise significant influence or control. </span></div><div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Following below is the balance sheet balances and amounts of the Group's income statement corresponding to operations with the parties related to it, distinguishing between associates and joint ventures, members of the Bank's board of directors, the Bank's senior management, and other related parties. Related-party transactions were made on terms equivalent to those that prevail in arm's-length transactions or, when this was not the case, the related compensation in kind was recognized.</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:33.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.198%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="12" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Associates and joint ventures</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Members of the board of directors</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Senior Management</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other related parties</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 7.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,497</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">186</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash, cash balances at central banks and other deposits on demand</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">154 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances: credit institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">405 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances: customers</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,275 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">185 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">391 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Others</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">272 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:11pt"><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,480</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">150</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities: credit institutions</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">463 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities: customers</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,727 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">150 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Marketable debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Others</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">290 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Income statement</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,698</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest income</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">427 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest expense</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(149)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains/losses on financial assets and liabilities and others</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Commission income</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,499 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Commission expense</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(122)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:11pt"><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,189</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,094</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial guarantees granted and Others</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">861 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loan commitments and Other commitments granted</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">274 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivative financial instruments</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,905 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">224 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:33.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.198%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="12" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Associates and joint ventures</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Members of the board of directors</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Senior Management</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other related parties</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 7.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,257</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">455</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash, cash balances at central banks and other deposits on demand</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">227 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances: credit institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">489 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances: customers</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,822 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">455 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">463 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Others</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">256 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:11pt"><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,611</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">109</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities: credit institutions</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">938 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities: customers</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,301 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">109 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Marketable debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Others</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">372 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Income statement</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,357</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest income</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">189 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest expense</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(60)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains/losses on financial assets and liabilities and others</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(225)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Commission income</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,541 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Commission expense</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(88)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:11pt"><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,535</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">79</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial guarantees granted and Others</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loan commitments and Other commitments granted</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">201 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivative financial instruments</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,323 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:33.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.198%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="12" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Associates and joint ventures</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Members of the board of directors</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Senior Management</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other related parties</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 7.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,386</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">384</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash, cash balances at central banks and other deposits on demand</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">131 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances: credit institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">437 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances: customers</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,148 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">384 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">496 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Others</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">174 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:11pt"><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,405</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">197</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities: credit institutions</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">867 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities: customers</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,464 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">197 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Marketable debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Others</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">74 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Income statement</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,265</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest income</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">90 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest expense</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains/losses on financial assets and liabilities and others</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(32)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Commission income</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,268 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Commission expense</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(48)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:11pt"><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,965</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">76</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial guarantees granted and Others</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loan commitments and Other commitments granted</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">314 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivative financial instruments</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,640 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The remaining required information is detailed in notes 5 and 46.c.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div>
CY2023	ifrs-full	Disclosure Of Transactions Between Related Parties Explanatory DisclosureOfTransactionsBetweenRelatedPartiesExplanatory	<div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Following below is the balance sheet balances and amounts of the Group's income statement corresponding to operations with the parties related to it, distinguishing between associates and joint ventures, members of the Bank's board of directors, the Bank's senior management, and other related parties. Related-party transactions were made on terms equivalent to those that prevail in arm's-length transactions or, when this was not the case, the related compensation in kind was recognized.</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:33.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.198%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="12" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Associates and joint ventures</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Members of the board of directors</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Senior Management</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other related parties</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 7.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,497</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">186</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash, cash balances at central banks and other deposits on demand</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">154 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances: credit institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">405 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances: customers</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,275 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">185 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">391 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Others</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">272 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:11pt"><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,480</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">150</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities: credit institutions</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">463 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities: customers</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,727 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">150 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Marketable debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Others</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">290 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Income statement</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,698</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest income</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">427 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest expense</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(149)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains/losses on financial assets and liabilities and others</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Commission income</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,499 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Commission expense</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(122)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:11pt"><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,189</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,094</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial guarantees granted and Others</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">861 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loan commitments and Other commitments granted</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">274 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivative financial instruments</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,905 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">224 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:33.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.198%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="12" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Associates and joint ventures</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Members of the board of directors</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Senior Management</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other related parties</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 7.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,257</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">455</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash, cash balances at central banks and other deposits on demand</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">227 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances: credit institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">489 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances: customers</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,822 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">455 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">463 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Others</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">256 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:11pt"><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,611</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">109</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities: credit institutions</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">938 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities: customers</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,301 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">109 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Marketable debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Others</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">372 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Income statement</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,357</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest income</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">189 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest expense</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(60)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains/losses on financial assets and liabilities and others</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(225)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Commission income</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,541 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Commission expense</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(88)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:11pt"><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,535</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">79</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial guarantees granted and Others</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loan commitments and Other commitments granted</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">201 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivative financial instruments</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,323 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:33.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.198%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="12" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Associates and joint ventures</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Members of the board of directors</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Senior Management</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other related parties</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 7.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,386</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">384</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash, cash balances at central banks and other deposits on demand</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">131 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances: credit institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">437 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances: customers</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,148 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">384 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">496 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Others</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">174 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:11pt"><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,405</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">197</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities: credit institutions</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">867 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities: customers</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,464 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">197 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Marketable debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Others</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">74 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Income statement</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,265</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest income</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">90 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest expense</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains/losses on financial assets and liabilities and others</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(32)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Commission income</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,268 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Commission expense</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(48)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:11pt"><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,965</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">76</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial guarantees granted and Others</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loan commitments and Other commitments granted</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">314 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivative financial instruments</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,640 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>
CY2023	ifrs-full	Disclosure Of Financial Risk Management Explanatory DisclosureOfFinancialRiskManagementExplanatory	Risk management<div style="margin-bottom:6pt;margin-top:9pt"><span id="if3670138687f487ebaab20c03e6b6851"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">a) Risk principles and culture</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The principles on which Grupo Santander's risk management and control are based are detailed below. They take into account regulatory requirements, best market practices and are mandatory:</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%">1.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%;padding-left:3.96pt">All employees are risk managers</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"> who must understand the risks associated with their functions and not assume risks that will exceed the Group’s risk appetite or have an unknown impact.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%">2.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%;padding-left:3.96pt">Senior managers</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"> must make sure Grupo Santander keeps its risk profile within risk appetite, with consistent risk conduct, action, communications, and oversight of our risk culture.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%">3.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%;padding-left:3.96pt">Independent risk management and control functions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">, according to the three lines of defence model of Grupo Santander.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%">4.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%;padding-left:3.96pt">Grupo Santander takes a forward-looking, comprehensive approach </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">towards all businesses and risk types.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%">5.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%;padding-left:3.96pt">Effective information management</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"> to identify, assess, manage and disclose risks at appropriate levels.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%"> </span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i5664fe8b881d4f368df40ccd0cd28cca"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">1. Key risk types</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:119%">Grupo Santander's risks categorization ensures effective risk management, control and reporting. The risk framework distinguishes these risk types: </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:700;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%;padding-left:2.93pt">Credit risk</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"> relates to financial loss arising from the default or credit quality deterioration of a customer or counterparty, to which Santander has directly provided credit or assumed a contractual obligation.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:700;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%;padding-left:2.93pt">Market risk</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"> results from changes in interest rates, exchange rates, equities, commodities and other market factors, and from their effect on profit or capital. It includes the structural risk relates to market movements or balance sheets behaviour will change the value or profit generation of assets or liabilities in the banking book.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:700;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%;padding-left:2.93pt">Liquidity risk</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"> occurs if liquid financial resources are insufficient or too costly to obtain in order to meet liabilities when they fall due.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:700;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%;padding-left:2.93pt">Capital risk</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"> is the risk that arises from the possibility of having an inadequate quantity or quality of capital to meet internal business objectives, regulatory requirements or market expectations in the area of structural risk.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander also takes into account, on an ongoing basis in its management of the risk function, operational (includes fraud, technological, cyber, legal and conduct risks), financial crime (includes, among others, money laundering, terrorism financing, violation of international sanctions, corruption, bribery and tax evasion), model, structural (includes risks associated with insurance and pensions), reputational and strategic risks.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Besides, environmental and climate-related risk drivers are considered as factors that could impact the existing risks in the medium-to-long-term. These elements include, on the one hand, those derived from the physical effects of climate change, generated by one-off events as well as by chronic changes in the environment and, on the other hand, those derived from the process of transition to a development model with lower emissions, including legislative, technological or behaviour of economic agents changes.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Given the nature of its operations, the Group has no environment-related liabilities, expenses, assets or contingencies of a material relevance to its consolidated equity, financial situation and results. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Most exposures in sectors potentially affected by climate change risk, according to market consensus and to the execution of our materiality assessment, are with wholesale clients, whose preliminary reviews, credit approval and credit ratings take such risk into account. Customers’ ratings determine the parameters for calculating loan loss (typically in terms of probability of default or “PD”). Thus, when climate factors are relevant, in conjunction with other elements of analysis, they have an impact on the loan loss calculations which support capital and provisions.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Additionally, Grupo Santander has participated in the various climate stress regulatory exercises carried out recently, which have been classified as learning exercises in the industry. Results showed that the Group’s coverage for potential losses would be sufficient in view of portfolio maturity over time. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Therefore, based on the best information available at the time these consolidated annual financial statements were prepared, the Group sees no additional environmental or climate change risk having a substantial impact on its equity, financial situation and results in 2023. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Still, this matter is constantly changing, and, like other banks, the Group is working on developing more methodologies to better measure potential loan loss in line with new management needs, best practice, and regulators’ and supervisors’ requirements. In particular, we monitor progress in this regard both in the prudential area (mandate of the European Banking Authority in article 501c of Regulation (EU) 575/2013), and that resulting from the plan for the second phase of the post-review implementation of IAS 9 by the IASB regarding the calculation of expected losses, planned during 2024.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i4baf08b0ecbb4dd0a623d45425bfe93e"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">2. Risk and compliance governance</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander robust risk and compliance governance structure allows us to conduct effective oversight in line with our risk appetite. It stands on three lines of defence, a structure of committees and strong Group-subsidiary relations, guided by our risk culture, Risk Pro.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="id19c25d260f34efaa33ef620b08c7b9c"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">2.1 Lines of defence</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander model of three lines of defence effectively manages and controls risks:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%;padding-left:2.25pt">First line</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">: formed by business and support areas that take or originate risks are primarily responsible for managing them. The first line detects, measures, controls, monitors and reports on the risks it originates according to internal risk management policies, models and procedures. Risk management must be consistent with the approved risk appetite and related limits.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%;padding-left:2.42pt">Second line:</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"> formed by risk and compliance & conduct functions, independently oversees and challenges risk management at the first line of defence. Its duties include ensuring that risks will be managed according to the risk appetite approved by senior management and strengthening our risk culture across the Group.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%;padding-left:2.42pt">Third line: </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">internal audit function, is fully independent to give the board and senior managers assurance of high-quality and efficient risk governance and management to preserve our value, solvency and reputation. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Risk, compliance & conduct, and internal audit are sufficiently separate and autonomous functions, with direct access to the board and its committees.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i7df59cf0cc3c4427859da4bfc10f81fe"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">2.2 Risk committee structure</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%"> board of directors </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">has final oversight of risk management and compliance promoting a sound risk culture and reviewing and approving risk appetite and frameworks, with support from its risk, regulation and compliance committee and its executive committee. The Group's risk governance keeps risk control and risk-taking areas separate.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%">Group chief risk officer (Group CRO)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">, who </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.5pt;font-weight:400;line-height:121%">leads the application and execution of </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">risk strategy and promotes proper risk culture, is in charge of overseeing all risks and challenging and advising business lines on risk management.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%">Group chief compliance officer (Group CCO)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">, who handles compliance risk and </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.5pt;font-weight:400;line-height:121%">leads the application and execution of</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"> the compliance and conduct risk strategy and provides the Group CRO with a complete overview on the situation of risks being monitored. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The Group CRO and the Group CCO report directly to both the risk supervision, regulation and compliance committee and the board of directors.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:107%">The executive risk, risk control and compliance and conduct committees are executive committees with powers delegated from the board.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Furthermore, risk functions have forums and regular meetings to manage and control the risks within their purview. Executive committees also delegate some duties to subordinate forums.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Their responsibilities include: </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Inform the Group CRO, the Group CCO, the risk control committee and the compliance and conduct committee if risks are being managed within risk appetite;</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Regularly monitor each key risk type; and</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Overseeing measures to meet supervisors and auditors' expectations.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Besides, Grupo Santander, in order to establish an adequate control environment for the management of each risk types, the Risk and Compliance and Conduct functions have effective internal regulation to create the right environment to manage and control all risks.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:119%">Grupo Santander can establish additional governance measures for special situations, as it has done with the covid crisis, the war in Ukraine, the uncertainty caused by the collapse of several regional banks in the US and Credit Suisse, and the current geopolitical situation. We have upgraded the monitoring of all risks, with special attention to the main macroeconomic indicators, liquidity, vulnerable sectors and clients, cybersecurity reinforcement, among other areas. The special situations forums we have activated are enabling us to cope with the geopolitical and macroeconomic environment in a resilient manner.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i213948a6512542918fd3555068f0c260"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">2.3 The Group's relationship with subsidiaries</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander subsidiaries have a model for managing risk, compliance and conduct that is consistent with the frameworks approved by the group’s board of directors, which they adhere to through their own boards and can only adapt to higher standards according to local law and regulation.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Furthermore, the Group's aggregate oversight area advises and validates subsidiaries on internal regulation and operations. This reinforces a common risk management model across Grupo Santander.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The risk and compliance functions will continue to support global businesses and control at a global and local level. In 2023, Grupo Santander continued to build on our group-subsidiary relations model by leveraging our global scale to uncover synergy under a common operating model and platform. The model promotes process simplification and more enhanced control to help grow the business.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The Group CRO, the Group CCO and regional heads of risk are involved in appointing, setting objectives for, reviewing and compensating their country-unit counterparts to promote proper risk management.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Each local CRO/CCO interacts regularly with its regional risk leader and with the Group CRO and the Group CCO, through periodic follow-up meetings, either business or country. There are also meetings between local and global risk and compliance functions to discuss issues specific to each function.</span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Local and global risk and compliance areas also meet to address special matters. Country and regional units work closely to effectively strengthen group-subsidiary relations through these common initiatives:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Restructuring based on subsidiary benchmarks, strategic vision, and advanced risk management infrastructures and practices.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Exchange of best practices that will strengthen processes, drive innovation and result in a quantitative impact. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Search for talent in risk and compliance teams with internal mobility through the global risk talent programme and strong succession plans.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ied73b813c307426b9a45e485db9fc31f"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">3. Management processes and tools</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander has these effective risk management processes and tools:</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i50a3f53c8e14499fac9d9b5c8a33fef5"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">3.1 Risk appetite and structure of limits</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Risk appetite is the aggregate level and types of risk that Grupo Santander deems prudent for our business strategy, even in unforeseen circumstances. In Grupo Santander, these principles influence risk appetite:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Risk appetite is part of the </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%">board's duties</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">. It prepares the risk appetite statement (RAS) for the whole Group every year. In a cascading down process, each subsidiary's board also sets its own risk appetite.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%;padding-left:2.93pt">Comprehensiveness and forward-looking</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"> approach. Our appetite includes of all material risks that Santander are exposed to and defines our target risk profile for the current and medium term with a forward-looking view considering stress scenarios. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%;padding-left:2.93pt">Common standards and embedding in the day-to-day risk management</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">. The Group shares the same risk appetite model, which sets common requirements for processes, metrics, governance bodies, controls and standards.. It also ensures an effective and traceable embedding of our appetite into more granular management policies and limits across our subsidiaries.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%;padding-left:2.93pt">Continuous adaptation</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"> to market best practices, regulatory requirements and supervisors’ expectations. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%;padding-left:2.93pt">Aligning with business plans and strategy</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">. The risk appetite is a key point of reference for strategic and business planning. Grupo Santander verifies that the three-year strategic plans, the annual budget and capital and liquidity planning are within the limits set in the RAS before Santander approves them.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander's risk appetite and business model rest on the following elements: </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">A medium-low, predictable target risk profile, centred on retail and commercial banking, internationally diversified operations and a strong market share;</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Stable, recurrent earnings and shareholder remuneration, sustained by a sound base of capital, liquidity and sources of funding;</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Autonomous subsidiaries that are self-sufficient in terms of capital and liquidity to ensure their risk profiles won't compromise the Group’s solvency;</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">An independent Risk function and a senior management actively engaged in supporting a robust control environment and risk culture; and </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">A conduct model that protects our customers and our Simple, Personal and Fair culture. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The risk appetite is expressed through qualitative statements and limits on metrics representative of the bank’s risk profile at present and under stress. Those metrics cover all risk types according to our corporate risk framework. Grupo Santander articulates them in five axes that provide the Bank with a holistic view of all risks it incurs in the development of its business model. These five axes are applicable to all Santander's key risk types, and comprise:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">P&L volatility: Control of P&L volatility of business plan under baseline and stressed conditions (aligned with ICAAP stress test).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Solvency: Control of capital ratios under baseline and stressed scenarios (aligned with ICAAP).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Liquidity: Control of liquidity ratios under base and stress scenarios (aligned with ILAAP).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Concentration: Control of credit concentration on top clients, portfolios and industries.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Non financial: Control on non financial risks aimed to minimize events which could lead to financial loss, operative, technological, legal and regulatory breaches, conduct issues or reputational damage.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i8c51ab3baa9541e99e9b6cad1a19c831"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">b) Credit risk</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i2ba5b95b7ded41d6ba93815d52a6a5e7"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">1. Introduction to the credit risk treatment</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Credit risk is the risk of financial loss due to the failure to pay or impaired credit of a customer or counterparty Grupo Santander has financed or maintains a contractual obligation with. It includes counterparty risk, country risk and sovereign risk. It is our most significant risk in terms of exposure and capital consumption.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i15b221aabd46417cb7a373de3bce99c0_10703"></span><span id="i0376447fd1c54577b61f1e06b7b3d793"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">Credit risk management</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander takes a holistic view of the credit risk cycle, including the transaction, the customer and the portfolio, in order to identify, analyse, control and decide on credit risk. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Credit risk identification facilitates active and effective portfolio management and control. Grupo Santander classify external and internal risk in each business to adopt any corrective or mitigating measures through:</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="id748194abdd44ce5b6991e5250f4f4c9"></span><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">1.1. Planning</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander´s planning helps to set business targets and draw up action plans within our risk appetite statement.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Strategic commercial plans (SCP) are a management and control tool the business and risk areas prepare for Grupo Santander's credit portfolios. They determine commercial strategies, risk policies, resources and infrastructure, ensuring a holistic view of the portfolios. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">They provide managers with an updated view of portfolio credit quality to measure credit risk, run internal controls to regularly monitor credit strategy detect significant risk deviation and potential impacts, and take corrective action. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">They are suited to the Grupo Santander's risk appetite and subsidiaries’ capital targets, having been reviewed and pre-approved by senior managers before Group management revises and validates them. </span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i931d9e09e5df483fb263d38e08f56b4a"></span><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:130%">1.2. Risk assessment and credit rating</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Risk approval generally depends on the applicant’s ability to repay the debt, regardless of any collateral or personal guarantees the Bank requires. Grupo Santander reviews their regular sources of income, including funds and net cash flows from any businesses. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander monitors credit rating drivers to calibrate the decisions and ratings that Group credit quality assessment models determine. Risk management uses these ratings for many things like applying approval limits, pre-approvals, monitoring risk, and policies on pricing credit.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander then uses rating models to measure ability to pay. Depending on each segment, credit rating drivers can be:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Rating: from mathematical algorithms that have a quantitative model based on balance sheet ratios or macroeconomic variables, and a qualitative module supplemented by the credit analyst’s expert judgement. It is used for SCIB, corporate, institutional and SME segments (with individualised treatment).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Scoring: system of automatic evaluation of loan applications. It automatically assigns customers an individual score retail on which the subsequent decision is based. It is used for SME segments without an assigned analyst.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander's parameter estimation models, based on econometric models of past defaults and losses, calculate economic and regulatory capital as well as IFRS 9 provisions for each customer portfolio.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander regularly monitors and evaluates models' suitability, predictive capacity, performance, granularity, and compliance with policy, among other factors. Grupo Santander reviews ratings with the latest financial and other relevant information to assess credit risk due to depreciation caused by customers’ lower creditworthiness and manage credit portfolios according to the risk appetite and profile target set out in SCPs, with exposure limits adjusted to an acceptable level for each portfolio and counterparty and for new loan originations.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander uses SCPs to manage credit portfolios, defining limits for each of them and for new originations, in line with the Group´s credit risk appetite and its target risk profile. Transposing the risk appetite to portfolio management strengthens controls over our credit portfolios.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander´s limits, pre-classifications and pre-approvals processes, which are highly automated and digitalized, determine the risk Grupo Santander can assume with each customer. Limits are approved by the executive risk committee (or delegated committees) and should reflect a transaction’s expected risk-return. Santander also uses risk-based pricing tools to make sure portfolio growth is sustainable.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander applies various limits models to each segment: </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:700;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Large corporate groups are subject to a pre-classification model based on a system for measuring and monitoring economic capital. Pre-classification models express the level of risk Grupo Santander is willing to assume in transactions with customers/groups.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:700;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Corporates and institutions that meet certain requirements (strong relationships, rating, etc.) are subject to a simpler pre-classification model that sets a recommended risk level for each customer. Transactions above certain limits or with special characteristics could require approval from a senior credit analyst or a committee.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Transactions with large corporates, corporates and institutions above certain limits or with special characteristics could require approval from a senior credit analyst or a committee.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:700;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">For individual customers and SMEs with low turnover, Grupo Santander manages large volumes of credit transactions with automatic decision models to classify customers and transactions.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i5b648e0b5c764c458758c8ca2da83132"></span><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:130%">1.3. Scenario analysis</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander´s scenario analyses determine the potential risks in its credit portfolios and provide a better understanding of our portfolios' performance under various macroeconomic conditions. They allow us to anticipate management strategies that will avoid future deviations from defined plans and targets. They simulate the impact of alternative scenarios in portfolios’ credit parameters (PD, LGD) and expected credit losses. Grupo Santander compares findings with portfolios’ credit profile indicators to find the right measures for managers to take. Credit risk management of portfolios and SCPs incorporate scenario analyses.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i3ee7b589534446eeb29cd8c5faf2c7b7"></span><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:130%">1.4. Monitoring</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Regularly monitoring business performance and comparing it to pre-defined plans is key to our management of risk. Grupo Santander's holistic monitoring of customers helps detect impacts on risk performance and credit quality early. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The monitoring process considers projections on the performance of the operations and their characteristics, in addition to any variation in their classification. Anticipation and preventive monitoring uses transactional data sources and advanced analytics (early warning engine) which determines specific actions at the client level, based on the assigned monitoring classification. </span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Monitoring is performed by local and global risk teams and is based on customer segmentation:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">For SCIB, monitoring is initially a function of business managers and risk analysts which provide an up-to-date view of customers’ credit quality to predict a potential customer's deterioration.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">For commercial banking, institutions and SMEs assigned a credit analyst, Grupo Santander tracks customers requiring closer monitoring and review their ratings based on relevant indicators.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Monitoring of individual customers, businesses and smaller SMEs follows a system of automatic alerts to detect shifts in portfolios’ performance.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Monitoring uses the Santander Customer Assessment Note (SCAN) tool. It helps set individual monitoring levels and frequencies, policies, and actions for customers based on credit quality and particular circumstances. In addition to monitoring customer credit quality, Grupo Santander defines control procedures to analyse portfolios and performance, as well as any deviations from planning or approved alert levels.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ie7b9806951084f919c24a65905bcbae5"></span><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:130%">1.5. Credit risk mitigation techniques</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander generally approves risk according to a borrower’s ability to make due payment, regardless of any additional collateral or personal guarantees Santander may require to modulate exposure.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">To determine ability to pay, the Group analyse funds or cash flows from businesses or other regular income, not including guarantors or loan collateral which are always considered as a secondary means of recourse.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In general, guarantees are to reinforce a credit transaction and mitigate a loss if the borrower defaults. Our techniques to mitigate credit risk cover various types of customer and product. Some are for specific transactions (e.g. property) or a series of transactions (e.g. derivatives netting and collateral). Santander groups them by personal guarantees (with a solvent guarantor), collateral (mainly in primary residence mortgages) and hedges with credit derivatives.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The correct acceptance of these mitigation techniques is established by ensuring their legal enforceability in all jurisdictions. The entire process is subject to internal control and effective monitoring of the valuation of the guarantees, especially mortgages.</span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:8.5pt;font-weight:400;line-height:121%"> </span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="id94c0ebf17df48548a38a4f19a05d7c0"></span><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:130%">1.6. Collections & recoveries management</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Collections & recoveries, an important area in risk management, develops a global management strategy based on local economic conditions, business models and other recovery-related particulars, with a full approach and general action lines for our subsidiaries. Recovery management follows regulatory requirements set out in the EBA Guidelines on the management of non-performing and forborne exposures.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">For effective and efficient recoveries management, the area segments customers based on certain aspects, using new digital channels that help create value in Collections & Recoveries. It follows hi-tech, digital procedures to handle large groups of similar customer profiles and products; but it also adapts management for customers who need an assigned manager and tailored approach. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Collections & Recoveries splits recoveries into four phases: arrears/early delinquency, default, write-offs and foreclosed assets. To recover debt, the Group always seeks alternatives to court action, like forbearance and other arrears management techniques. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander also reviews debt instruments individually and treat them as write-offs (even when they’re not past due) if the Group sees signs of irreversible impairment that suggest recovery to be remote. Though this may lead us to cancel all or part of the gross carrying amount, the Group never interrupt negotiations and legal proceedings to recover debt. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In markets where the real estate risk exposure is high, Grupo Santander can take action to quickly dispose of assets, like selling off portfolios or foreclosed assets with efficient sales instruments to recover as many on-balance-sheet assets as possible. </span></div></div></div><div style="margin-bottom:3pt;margin-top:9pt;padding-right:263.62pt"><span id="ib90d581367a644a5b516443e458da09e"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">2. Main aggregates and variations </span></div><div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Following are the main aggregates relating to credit risk from our activities with customers:</span></div><div style="margin-top:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:22.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.603%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.603%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.603%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.611%"></td><td style="width:0.1%"></td></tr><tr><td colspan="36" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Main credit risk performance metrics from activity with customers</span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:5.85pt;font-weight:700;line-height:105%;position:relative;top:-3.15pt;vertical-align:baseline">A</span></div></td></tr><tr><td colspan="36" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">December data</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span id="i595d21b3734047479c1bb34e90397af4"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit risk with customers <br/>(EUR million)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit impaired loans<br/>(EUR million)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">NPL ratio (%)</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Europe</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">624,696</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">639,996</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">636,123</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,495</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,186</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19,822</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.32</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ee2724;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.37</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.12</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">278,569</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">293,197</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">283,953</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,529</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,598</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,403</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.06 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.27 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.72 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">UK</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">247,360</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">253,455</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">262,869</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,518</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,059</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,766</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.42 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.21 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.43 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Portugal</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39,503</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41,755</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41,941</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,024</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,247</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,442</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.59 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.99 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.44 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Poland</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39,329</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33,350</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33,497</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,397</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,268</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,210</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.55 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.80 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.61 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">North America</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">190,720</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">185,614</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">149,792</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,805</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,629</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,632</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4.09</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.03</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.42</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">137,893</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">140,452</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">112,808</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,303</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,571</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,624</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.57 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.25 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.33 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">52,785</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45,107</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36,984</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,489</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,047</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,009</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.82 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.32 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.73 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">South America</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">177,380</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">167,348</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">141,874</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,142</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,381</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,387</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5.72</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6.20</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4.50</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">113,937</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">101,801</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">85,702</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,479</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,705</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,182</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.56 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.57 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.88 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46,565</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47,811</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41,479</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,332</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,384</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,838</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.01 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.99 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.43 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Argentina</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,903</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,844</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,481</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">78</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">122</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">198</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.99 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.08 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.61 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Digital Consumer Bank</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">135,608</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">125,339</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">116,989</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,877</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,583</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,490</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.12</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.06</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.13</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate Centre</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,494</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,824</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,337</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">301</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">894</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">903</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5.48</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15.35</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14.38</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total Group</span></td><td colspan="3" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,133,898</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,124,121</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,051,114</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">35,620</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">34,673</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">33,234</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.14</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.08</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.16</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Management perimeter according to the reported segments</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.48pt">Includes gross lending to customers, guarantees and documentary credits.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Key figures by geographic region are described below at 31 December 20</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">23: </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="background-color:#ffffff;color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:700;line-height:121%">•</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%;padding-left:2.93pt">Europe:</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"> The NPL ratio fell 5 bps to 2.32% from 2022 because impaired loans decreased significantly in the UK, and in Spain and Portugal due to the NPL portfolio sales.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="background-color:#ffffff;color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:700;line-height:121%">•</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%;padding-left:2.93pt">North America:</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"> The NPL ratio increased 106 bps to 4.09% from 2022, mainly due to increases at SC USA (normalization of the portfolio) and in Mexico (portfolio growth in higher return-risk segment).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="background-color:#ffffff;color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:700;line-height:121%">•</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%;padding-left:2.93pt">South America:</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"> The NPL ratio decreased 48 bp from 2022 to 5.72%,</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">due to the portfolio growth in Brazil and the performance of the Chilean portfolio.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="background-color:#ffffff;color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:700;line-height:121%">•</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%;padding-left:2.93pt">Digital Consumer Bank:</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"> The NPL ratio increased 6 bps to 2.12%, due to a slight increase in impaired loans, not offset by portfolio growth</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In the case of delinquent operations with ICO guarantee, the transfer of the overdue guaranteed amounts will take place as the guarantee is executed, regardless of whether the guarantor is subrogated to the right to receive said amounts, according to the regulation of these guarantees. The derecognition of the transferred guaranteed amounts will entail the recognition, at its fair value, of a collection right against the guarantor.</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In addition, the Group is following the measures launched by the governments of Spain, United Kingdom, Portugal and Poland, aimed at relieving the mortgage payment burden for vulnerable customers after the increase in interest rates.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:3pt"><span id="i6c3661f6e9c8407985a65809ed14c568"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">Information on the estimation of impairment losses</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The calculation of credit risk provisions is performed at financial asset level, estimating potential credit losses through the difference between the expected cash flows and the contractual cash flows, ensuring that the results are adequate considering the status of the transaction, economic conditions and available forward-looking information.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The IFRS 9 impairment model applies to financial assets valued at amortized cost; debt instruments valued at fair value with changes in other comprehensive income; leasing receivables; and commitments and guarantees not valued at fair value. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The portfolio of financial instruments subject to IFRS 9 has three credit risk categories (or stages) according to the status of each instrument in relation to its level of credit risk:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Stage 1: financial instruments with no significant increase in risk since initial recognition – the impairment provision reflects expected credit losses from defaults over the twelve months from the reporting date.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Stage 2: financial instruments with a significant credit risk increase since initial recognition but no materialized impairment event – the impairment provision reflects expected losses from defaults over the financial instrument’s residual life.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Stage 3: financial instruments with true signs of impairment as a result of one or more events resulting in a loss – the impairment provision reflects expected losses for credit risk over the instrument’s expected residual life.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The classification of financial instrument in the IFRS 9 stages is carried out in accordance with the guidelines through the risk management policies of the subsidiaries, which are consistent with the Group's policies.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i6e67c0657c5a4746829e1a21e4790477_18708"></span><span id="ie3fb0c533d5c4c47adb0f2732791a01a"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">Estimation of expected loss</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander calculates impairment losses using parameters (mainly EAD, PD, LGD and discount rate) based on internal models, the stage in which each financial asset is classified, and regulatory and management expertise. Far from being a simple adaptation, Santander defined and validated them according to specific requirements of IFRS 9 and other guidelines by regulators, supervisors and other international organizations (EBA, NCAs, BIS, GPPC, etc.), such as forward-looking information, point-in-time (PiT) vision, multiple scenarios, calculation of losses for the entire life of the transaction through lifetime PD, etc.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ibdb24ea8372d40a79959320c9a7eab82"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">Determination of significant increase in credit risk</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In order to determine the classification in stage 2, the Group assesses whether there has been a significant increase in credit risk (SICR) since the initial recognition of the transactions, considering a series of common principles throughout the Group that guarantee that all financial instruments are subject to this assessment, which considers the particularities of each portfolio and type of product on the basis of various quantitative and qualitative indicators. Furthermore, transactions are subject to the expert judgement of the analysts, who set the thresholds under an effective integration in management and implemented according to the approved governance.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The criteria thresholds used by the Group are based on a series of principles, and develop a set of techniques. The principles are as follows:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Universality: all financial instruments subject to a credit rating must be assessed for their possible SICR.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Proportionality: the definition of the SICR must take into account the particularities of each portfolio.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Materiality: its implementation must be also consistent with the relevance of each portfolio so as not to incur in unnecessary costs or efforts.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Holistic vision: the approach selected must be a combination of the most relevant credit risk aspects (e.g. quantitative and qualitative).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Application of IFRS 9: the approach must take into consideration IFRS 9 characteristics, focusing on a comparison with credit risk at initial recognition, as well as considering forward-looking information.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Risk management integration: the criteria must be consistent with those metrics considered in the day-to-day risk management.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Documentation: Appropriate documentation must be prepared.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The techniques are summarised below:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Stability of stage 2: in the absence of significant changes in the portfolios credit quality, the volume of assets in stage 2 should maintain a certain stability as a whole.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Economic reasonableness: at transaction level, stage 2 is expected to be a transitional rating for exposures that could eventually move to a deteriorating credit status at some point or stage 3, as well as for exposures that have suffered credit deterioration and whose credit quality is improving and returns to stage 1.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Predictive power: it is expected that the SICR definition avoids, as far as possible, direct migrations from stage 1 to stage 3 without having been previously classified in stage 2.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Time in stage 2: it is expected that the exposures do not remain categorized as stage 2 for an excessive time.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The application of the aforementioned techniques, conclude in the setting of one or several thresholds for each portfolio in each geography. Likewise, these thresholds are subject to a regular review by means of calibration tests, which may entail updating the thresholds types or their values.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Identifying a significant increase in credit risk: when classifying financial instruments under stage 2, Santander considers:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Quantitative criteria: Grupo Santander reviews and quantifies changes in the risk of default during their expected life based on their credit risk level on initial recognition.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In order to consider significant changes when financial instruments are classified in stage 2, each subsidiary has defined the quantitative thresholds of its portfolios in accordance with the Group's guidelines, ensuring a consistent interpretation in all our geographies. These thresholds can be expressed as an absolute or relative increase in the probability of default.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Within the aforementioned quantitative thresholds we consider two types: we understand a relative threshold as one that compares the current credit quality with the credit quality at the time of granting the operation in percentage terms of variation. For its part, an absolute threshold compares both references in total terms, calculating the difference between them. These absolute/relative concepts are used homogeneously (with different values) in all geographies. The calibration of these two thresholds will depend on the type of portfolio and characteristics such as the starting point of the average credit quality of the portfolio.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Qualitative criteria: Several indicators aligned with ordinary credit risk management indicators (e.g. past due for over 30 days, forbearance, etc.). Each subsidiary defined these criteria for its portfolios. Santander supplements these qualitative criteria with expert opinions.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">When the presumption of a significant deterioration of credit risk is removed, due to a sufficient improvement of the credit quality, the obligor can be re-classified to Stage 1, without any probationary period in Stage 2.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Definition of default: Santander incorporated the new definition to provisions calculation according to the EBA’s guidelines; the Group is also considering applying it to prudential framework. In addition, the default definition and stage 3 have been aligned.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">This definition considers the following criteria to classify exposures as stage 3: financial instruments with one or more payments more than 90 consecutive days past due, representing at least 1% of the client's total exposure or the identification of other criteria demonstrating, even in the absence of defaults, that it is unlikely that the counterparty is unlikely to meet all of its financial obligations.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander applies the default criteria to all exposures of the impaired client. Where an obligor belongs to a group, the default criteria may also be applied to all exposures of the Group.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The default classification is maintained during the 3-month test period following the disappearance of all default indicators described above, and this period is extended to one year for forbearances that have been classified as default.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Expected life of financial instruments: Santander estimates the expected life of financial instruments according to their contractual terms (e.g. prepayments, duration, purchase options, etc.). </span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The contractual period (including extension options) is the maximum time frame for measuring the expected credit loss. If financial instruments have an undefined maturity period and available balance (e.g. credit cards), Santander estimates its expected life based on the total exposure period and effective management practices to mitigate exposure. </span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">1.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:4.12pt">Forward-looking vision</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">To estimate expected losses, Grupo Santander requires a great deal of expert analysis as well as past, present and future data. Santander quantifies expected losses from credit events using an unbiased, weighted consideration of up to five future scenarios that could affect our ability to collect contractual cash flows. These scenarios take into account the time value of money, the relevant information available about past events and current conditions, and projections of macroeconomic factors that are considered important to estimate this amount (e.g. GDP, house prices, rate of unemployment, among others). </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Santander uses forward-looking information in internal management and regulatory processes under several scenarios. The Group's guidelines and governance ensure synergy and consistency between these different processes. </span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">2. Additional elements</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Additional elements will be required when necessary because they have not been captured under the two previous elements. This has included, among others, the analysis of sectors most affected if their impacts are not sufficiently captured by the macroeconomic scenarios. Also collective analysis techniques, when the potential impairment in a group of clients cannot be identified individually.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">With the elements indicated above, Grupo Santander has evaluated in each of the geographical areas the evolution of the credit quality of its customers, for the purposes of their classification in Grupo Santander financial statements.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="if8c5e86dc1324109b58fa891ebcf15d5"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">Management overlays</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">During fiscal year 2023, the Group has significantly reduced its amount of overlays, homogeneously among its different concepts, mainly due to adjustments associated with uncertainties resulting from the war in Ukraine and the current macroeconomic context, as said adjustments were included in the expected loss models or are no longer required. The amount of overlays at the end of the 2023 financial year is not material.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ibf8675671f0e4719bba53ec5585b01aa"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">Exposure and impaired losses</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Then, considering the most relevant units of the Group (United Kingdom, Spain, United States, Brazil, also Chile, Mexico, Portugal, Poland, Argentina and Santander Consumer Finance), which represent approximately </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">96%</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"> of the total Group's provisions. The table below shows the impairment losses associated with each stage as of 31 December 2023, 2022 and 2021. In addition, depending on the transactions credit quality, the exposure is divided into four categories according to Standard & Poor's rating scale:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.242%"><tr><td style="width:1.0%"></td><td style="width:27.426%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.768%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.768%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.768%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.770%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and impairment losses by stage</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.6pt solid #ffffff;padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span id="ibb00532626524036b1e70d79e1949787"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">147,065 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,261 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">149,326 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">421,449 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,910 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">435,359 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">262,954 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41,237 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">304,191 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,829 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,376 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33,838 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">65,043 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">843,297</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">76,784</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">33,838</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">953,919</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Impairment losses</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,592</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,055</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,131</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22,778</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span><br/></span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.242%"><tr><td style="width:1.0%"></td><td style="width:27.426%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.768%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.768%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.768%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.770%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and impairment losses by stage</span></td></tr><tr><td colspan="15" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span id="i8c78b24bbcfe42bb9f48236fdc01eb30"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">172,440 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,506 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">173,946 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">394,084 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,601 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">404,685 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">272,456 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32,653 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">305,109 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,799 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,436 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32,608 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">65,843 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">850,779</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">66,196</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">32,608</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">949,583</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Impairment losses</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,807</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,195</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,852</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22,854</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"> </span></div></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.242%"><tr><td style="width:1.0%"></td><td style="width:27.426%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.768%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.768%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.768%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.770%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and impairment losses by stage</span></td></tr><tr><td colspan="15" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span id="i06b3ac7a6bf947deb7a2df0db0768497"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">188,434 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,844 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">190,278 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">377,008 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,954 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">388,962 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">233,779 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,292 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">278,071 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,746 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,878 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30,711 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46,335 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">802,967</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">69,968</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">30,711</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">903,646</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Impairment losses</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,149</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,103</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,873</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22,125</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Detail of credit quality ratings calculated for Group management purposes. </span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%;padding-left:5.48pt">Total exposure includes loan balances (drawn amounts) and off balance (letters of credit + guarantees) and excludes REPOs, FV portfolio, trading portfolio and undrawn commitments.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%;padding-left:5.7pt">Includes provisions for undrawn authorized lines (loan commitments). </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The remaining units that form the totality of the Group </span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">exposure, contributed EUR 68,788 million in stage 1; EUR 1,504 million in stage 2, and EUR 658 million in sta</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">ge 3 (in 2022 EUR 123,796 million in stage 1; EUR 2,902 million in stage 2, and EUR 2,064 million in stage 3. In 2021, EUR 102,631 million in stage 1; EUR 1,870 million in stage 2, and EUR 2,522 million</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"> in stage 3), and impairment losse</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">s</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"> of EUR 199 million in s</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">tage 1; E</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">UR 73 million for stage 2, and EUR 161 million in sta</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">ge 3 (in 2022, EUR 147 million, EUR 123 million and EUR 294 million and in 2021, EUR 408 million, EUR 322 million and EUR 841 million in stage 1, stage 2 and stage 3, respectively).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The remaining exposure, includ</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">ing all financial instruments not included before, amounts to EUR 598,385 million (EUR 538,364 million in 2022 and EUR 349,228 million in 2021), and it includes all undrawn authorized lines (loan commitments). </span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">As of 31 December 2023, the Group had EUR 743 million net of provisions (EUR 322 million and EUR 420 million at</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"> 31 December 2022 and 2021, respectively) of purchased credit-impaired assets, which relate mainly to the business combinations carried out by the Group.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Regarding the evolution of credit risk provisions, the Group, in collaboration with the main geographical areas, monitors them by carrying out sensitivity analyses considering changes in macroeconomic scenarios and main variables that have an impact on the financial assets distribution in the different stages and calculating credit risk provisions.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Additionally, based on consistent macroeconomic scenarios, the Group also performs stress tests and sensitivity analysis in a regular basis, such as ICAAP, strategic plans, budgets and recovery and resolution plans. In this sense, a prospective view of the sensitivity of each of the Group’s loan portfolio is created in relation to the possible deviation from the base scenario, considering both the macroeconomic developments in different scenarios and the three year evolution of the business. These tests include potentially adverse and favourable scenarios.</span></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i528e26ca231d41e9b75e1e7cbb4db750"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">3.Detail of the main geographical areas </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Following is the risk information related to the most relevant geographies in exposure and credit risk allowances.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">This information includes sensitivity analysis, consisting on simulations of +/-100 bp in the main macroeconomic variables. A set of specific and complete scenarios is used in each geography, where different shocks that affect both the reference variable as well as the rest of the parameters is simulated. These shocks collect mainly the most relevant risks and may be originated by productivity, tax, wages or exchange and interest rates factors.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Sensitivity is measured as the average variation on expected loss corresponding to the aforementioned movement of +/-100 bp. Following a conservative approach, the negative movements take into account one additional standard deviation in order to reflect the potential higher variability of losses.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i27d75aff4d114be78180dff617eaafdb"></span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">3.1. United Kingdom</span></div><div style="margin-bottom:3pt;margin-top:3pt"><span id="i33081428fded40d9a58072dc7b2bf36b"></span><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">Portfolio overview</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Credit risk with customers in the UK (excluding Santander Consumer UK and Santander London Branch) decreased year-on-year by 2.4% to EUR 247,360 million. This credit risk represents 22% of Santander’s loan portfolio is in the UK.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At 1.42%, the NPL ratio increased 21 bps in comparison to the year end of 2022, due to the increase in the default stock in companies and individuals, as well as the reduction in the total portfolio.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i16ac1919767847199977f4b3af171324"></span><span style="background-color:#ffffff;color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">Mortgage portfolio</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Because of its size, Grupo Santander closely monitor Santander UK’s mortgage portfolio for the entity itself and the Group. </span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">As of 31 December 2023, the mortgage portfolio of Santander UK decreased by 5.7% in local currency to EUR 200,173 million.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"> It comprises residential mortgages granted to new and existing customers which are first lien mortgages. There are no second or more liens on mortgaged properties. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Originations fell year on year in 2023 compared to 2022, a sign of a less active housing market on the back of interest rate hikes and a squeeze on households’ purchasing power. House prices continued to fall in 2023 as they had started to in late 2022. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Higher instalments are being mitigated, in part, by our conservative assessments of customers’ ability to pay when approving them for a mortgage. We implemented measures to help customers who were current on their payments, including those under the UK Government’s “Mortgage Carter” in June. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Under Santander's risk management principles, a property must be appraised independently before we can approve a new mortgage. In line with market practices and the law, we get updated values of properties used as mortgage collateral from an independent agency's automatic appraisal system.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Santander UK's wide range of mortgages include:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Interest-only loans (22%): Customers pay interest every month and repay the principal at maturity. These mortgages, which are common in the UK, require borrowers to have an appropriate repayment vehicle, such as a pension plan or an investment fund. To mitigate inherent risk, Santander UK has restrictive approval requirements, such a maximum loan-to-value (LTV) ratio of 50% and an assessment of the ability to pay both interest and capital.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Flexible loans (3%): Loan agreements allow borrowers to modify monthly payments or draw down additional funds up to a set limit under various conditions.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Buy-to-let (9%): Buy-to-let mortgages account for a small portion of the total portfolio and are subject to strict risk approval policies. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Despite the challenging economic environment, the NPL ratio reflects the strength of the mortgage portfolio, which was stable at 1.16% at the end of December 2023 (+18 bps YoY).</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At 31 December 2023, 85% of the mortgage portfolio had an LTV lower than 70%.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i8b716cb020bc463f90399dc9a3f7a2ad"></span><span style="background-color:#ffffff;color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">Information on the estimation of impairment losses</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The detail of Santander's UK exposure and impairment losses associated with each of the stages at 31 December, 2023, 2022 and 2021, is shown below. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In addition, the exposure is divided in four tranches of the Standard & Poor's rating scale, according to their current credit quality:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.474%"><tr><td style="width:1.0%"></td><td style="width:27.073%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.856%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.856%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.856%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.859%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and impairment losses by stage</span></td></tr><tr><td colspan="15" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span id="i9560789f3a2b49a3a2d3d1a6d2046982"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46,236 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,273 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47,509 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">145,884</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,850 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">156,734 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,588</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,995 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,583 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,518 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,518 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">205,708</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">26,118</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,518</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">235,344</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Impairment losses</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">172</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">498</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">396</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,066</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:9.07pt;text-indent:8.93pt"><span><br/></span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.474%"><tr><td style="width:1.0%"></td><td style="width:27.073%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.856%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.856%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.856%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.859%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and impairment losses by stage</span></td></tr><tr><td colspan="15" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span id="ida43a98bc96041f9949ac44571f2a0c6"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">85,930 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">827 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">86,757 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">118,585</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,547</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">126,132 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,831 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,093 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,924 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">220 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">978 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,059 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,257 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">221,566</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">20,445</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,059</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">245,070</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Impairment losses</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">166</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">529</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">337</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,032</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.474%"><tr><td style="width:1.0%"></td><td style="width:27.073%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.856%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.856%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.856%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.859%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and impairment losses by stage</span></td></tr><tr><td colspan="15" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span id="i6b63f295d45541b1a15c113795825cf0"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">97,388 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,015 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">98,403 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">113,030</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,074</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">121,104 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,063 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,657 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23,720 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">943 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,508 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,451 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span id="i166a3ad82ede4245aae892f11948fae1"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">223,481</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">20,689</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,508</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">247,678</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Impairment losses</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">135</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">372</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">460</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">967</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Detail of credit quality ratings calculated for Group management purposes. </span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%;padding-left:5.48pt">Total exposure includes loan balances (drawn amounts) and off balance (letters of credit + guarantees) and excludes REPOs, FV portfolio, trading portfolio and undrawn commitments.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%;padding-left:5.7pt">Includes provisions for undrawn authorized lines (loan commitments).</span></div><div><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">For the estimation of expected losses, prospective information is taken into account. Specifically, Santander UK considers five macroeconomic scenarios, which are updated periodically. The evolution forecasted in 2023 for the next five years of the main macroeconomic indicators used by Santander UK to estimate expected losses is presented below:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div></div></div><div style="margin-bottom:6pt;margin-top:18pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.427%"><tr><td style="width:1.0%"></td><td style="width:39.376%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.804%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.804%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.804%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.804%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.808%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024 - 2028</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Variables</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Pessimistic scenario 3</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Pessimistic scenario 2</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Pessimistic scenario 1</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Base scenario</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Optimistic scenario 1</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.4 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.8 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.9 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.7 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.3 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Unemployment rate</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.8 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.3 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.1 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.4 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.6 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Housing price change</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-3.1 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-4.8 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-0.9 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.7 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.8 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">GDP growth</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-0.2 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.2 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.3 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.2 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.1 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Each of the macroeconomic scenarios is associated with a given weight. In terms of allocation, Santander UK associates the highest weighting to the base scenario, while it associates the lowest weightings to the most extreme or severe scenarios. In addition, at 31 December 2023, 2022 and 2021, the weights used by Santander UK reflect the future prospects of the British economy in relation to its current political and economic position so that higher weights are assigned for negative scenarios:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:47.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.183%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.183%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.186%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pessimistic scenario 3</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pessimistic scenario 2</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pessimistic scenario 1</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Base scenario</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Optimistic scenario 1</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The sensitivity analysis of the main portfolios expected loss to variations of +/-100 bp for the macroeconomic variables used in the construction of the scenarios, as of December 2023, is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.474%"><tr><td style="width:1.0%"></td><td style="width:54.317%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.191%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.192%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Change in Provision</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Mortgages</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporates</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">GDP Growth</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bp</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.5 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.0 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">100 bp</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-5.9 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-2.0 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Housing price change</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bp</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.7 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.6 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">100 bp</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-4.2 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-2.6 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Unemployment rate</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bp</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-8.6 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-4.4 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">100 bp</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25.7 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.8 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div><div><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">With regards to the determination of classification in stage 2, the quantitative criteria applied by Santander UK are based on identifying whether any increase in PD for the expected life of the transaction is greater than both an absolute and a relative threshold (the PD used in that assessment are adjusted to the transaction's remaining term and also annualised in order to facilitate that the thresholds defined cover the whole range of the transactions maturity dates). The relative threshold established is common to all portfolios and a transaction is considered to exceed this threshold when the PD for the entire life of the transaction increases by 100% with respect to the PD at the time of initial recognition. The absolute threshold, on the other hand, is different for each portfolio depending on the characteristics of the transactions, ranging between 360 bps and 30 bps.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In addition, for each portfolio, a series of specific qualitative criteria is defined to indicate that the exposure has experienced a significant increase in credit risk, regardless of the evolution of its PD since the time of initial recognition. Santander UK, among other criteria, considers that an operation presents a significant increase in credit risk when it presents irregular positions for more than 30 days. These criteria depend on the risk management practices of each portfolio.</span></div><div style="margin-top:9pt"><span id="i45b2002fc80c433cb293fcc77ad24161"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">3.2. Spain</span></div><div style="margin-bottom:3pt;margin-top:3pt"><span id="i816ca25150104e26ac4e7f9948f40c0a"></span><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">Portfolio overview</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Santander España’s credit risk totalled EUR 278,569 million (25%% of Grupo Santander’s total). It is appropriately diversified among products and customer segments.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The macroeconomic outlook continues to be marked by an environment of high uncertainty, both domestic and international. Economic forecasts for 2024 are being cut due to persistently high inflation, a weaker global scenario and tightening monetary conditions. The Spanish economy has been sustained largely by greater domestic demand in the face of a weaker than expected foreign sector.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In a context of growing economic weakness and increasing financing costs, bank credit remained weak during 2023. It decreased significantly in the mortgage portfolio due to the rise in interest rates, which has led to a decrease in demand for credit and an increase in the early amortization of the portfolio, and in the SME segment due to lower demand for financing and the progressive amortization of support and liquidity programs (financing lines of the Official Credit Institute - ICO). On the contrary, the portfolios of larger companies and consumption showed greater resilience despite the environment.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Total c</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">redit risk decreased 5% from December 2022. The ICO loans that were granted as a result of the pandemic (EUR 25,428 million) for which the majority of the grace periods have expired, standing at EUR 18,997 million, representing approx. 7% of Santander España total portfolio. </span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The credit portfolio’s NPL ratio was 3.06%, 21 bps lower th</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">an in December 2022</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">. This decrease was due to the good performance of the portfolio motivated by the management of specific cases and portfolio sales.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The NPL cover</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">age ratio remained at 49% (-2 bps year-on-year). The cost of credit remained stable at 0.62% (+1 bps</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"> vs. December 2022). </span></div><div style="margin-top:9pt"><span id="iba246e75b9674bcc93da9bc053b02175"></span><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">Residential mortgage portfolio</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Residential mortgages in Spain, including Santander Consumer Finance business, amounted to EUR 61,097 million in 2023 (EUR 63,688 million and EUR 62,324 million in 2022 and 2021, respectively), 99.65% of which have a mortgage guarantee (99.55% and 99.33% in 2022 and 2021, respectively).</span></div><div style="margin-bottom:9pt;margin-top:12pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.474%"><tr><td style="width:1.0%"></td><td style="width:46.887%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.906%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.907%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR Million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Of which: impaired</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Home purchase loans to families</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">61,097 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">924 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Without mortgage guarantee</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">215 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">With mortgage guarantee</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">60,882 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">908 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.474%"><tr><td style="width:1.0%"></td><td style="width:46.887%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.906%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.907%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR Million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Of which: impaired</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Home purchase loans to families</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">63,688 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,088 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Without mortgage guarantee</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">288 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">With mortgage guarantee</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">63,400 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,064 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.474%"><tr><td style="width:1.0%"></td><td style="width:46.887%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.906%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.907%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR Million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Of which: impaired</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Home purchase loans to families</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62,324 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,860 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Without mortgage guarantee</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">419 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">115 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">With mortgage guarantee</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">61,905 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,745 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;margin-top:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The mortgage portfolio for the acquisition of homes in Spain is characterised by its medium-low risk profile, which limits expectations of any potential additional impairment: </span></div><div style="margin-bottom:9pt;margin-top:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Principal is repaid on all mortgages from the start. </span></div><div style="margin-bottom:9pt;margin-top:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Early repayment is common so the average life of the transaction is well below that of the contract. </span></div><div style="margin-bottom:9pt;margin-top:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">High quality of collateral, concentrated almost exclusively in financing for first homes. </span></div><div style="margin-bottom:9pt;margin-top:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The average affordability rate stood at 24% (26% and 27% in 2022 and 2021, respectively). </span></div><div style="margin-bottom:9pt;margin-top:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="background-color:#ffffff;color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">95%</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"> of the portfolio has a LTV below 80% calculated as total risk/latest available house appraisal.</span></div><div style="margin-bottom:9pt;margin-top:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="background-color:#ffffff;color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">All customers applying for a residential mortgage are subject to a rigorous credit risk and viability assessment, analysing whether their income is sufficient to meet all repayments and will remain stable over the term of the loan.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The NPL ratio for the residential mortgages portfolio stood at 1.49%, with a reduction of 19 bps, compared to 31 December 2022, mainly due to by portfolio sales.</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:115%">Starting in mid-2022, the rise in the EURIBOR translated into increases in the instalments paid by clients with variable mortgages (approximately 75% of the portfolio). This increase is partially mitigated by the conservative evaluation of payment capacity made at the time of admission.</span></div><div><span><br/></span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Breakdown of the credit with mortgage guarantee to households for house acquisition, according to the percentage that the total risk represents on the amount of the latest available valuation (loan to value):</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:34.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.719%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan to value ratio</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR Million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Less than or equal to 40%</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than 40% and less than 60%</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than 60% and less than 80%</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than 80% and less than or equal to 100%</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than 100%</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross amount</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,728 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,720 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,083 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,294 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,057 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">60,882 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Of which impaired</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">131 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">192 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">199 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">151 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">235 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">908 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In November 2022, Royal Decree-Law 19/2022 was published, which establishes a Code of Good Practices in response to the rise in interest rates on mortgage loans for primary residences and Royal Decree-Law 6/2012 of protection measures for mortgage debtors without resources. The code of good practices is focused on granting capital grace periods and extending the term of the operations. At 31 December 2023, the requests made have not been significant.</span></div><div style="margin-top:9pt"><span id="ie9453b8529b34b8aaa9c735eeba94ec8"></span><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">Corporate & SME financing</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Credit risk with SME and corporates in commercial banking amo</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">unted to EUR 107,613 million, 4.7% lower than in December 2022, mainly due to the fall in the portfolio of SMEs of 6.1%. This is Santander Spain's main lending segment, accounting for 39% of the t</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">otal, compared to 35% of CIB's portfolio, which from 2022 includes branches in Europe. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Most of the portfolio corresponds to clients who have been assigned a credit analyst, who performs continuous management of said clients during all phases of the risk cycle. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The portfolio is broadly diversified and not concentrated by sector of activity. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Santander Spain has continued to rely on its support and proximity to SMEs and the self-employed and has positioned itself as the leading entity in ICO Loans in 2023 with a share of 39%. The majority of this financing was allocated to the ICO Companies and Entrepreneurs Lines and the ICO International Line. ICO financing represents around 35% of the SME portfolio, and its performance is as expected thanks to our robust risk management policies.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The portfol</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">io’s NPL ratio stood at 5.27% in December 2023. The NPL ratio decreased by 45 bps compar</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">ed to December 2022, due to a reduction in the delinquency stock in SMEs, due to the proactive management of delinquent positions with the support of portfolio sales.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i8c706041c0ee4ff38db61a0750a924ef"></span><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">Real estate activity</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Santander has specialized teams that are in charge of managing real estate business production and risk areas that cover the entire life cycle of these operations.</span></div><div><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The changes in gross property development loans to customers were as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:40.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.346%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at beginning of year</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,327</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,625</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,871</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Foreclosed assets</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net variation</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">115</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(295)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(230)</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Written-off assets</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(15)</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at end of year</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,433</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,327</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,625</span></td></tr></table></div><div style="margin-bottom:12pt;padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The NPL ratio of this portfolio ended the year at 3.04% (compared with 4.04% and 5.07% at December 2022 and 2021, respectively) due to the decrease of non-performing assets in the troubled loan portfolio and, in particular, to the sharp reduction in lending in this segment. The table below shows the distribution of the portfolio. The coverage ratio of the real estate doubtful exposure in Spain stands at 39.19% (35.11% and 30.08% in 2022 and 2021, respectively).</span></div><div style="margin-bottom:9pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:23.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR Million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Excess of gross exposure over maximum recoverable amount of effective collateral</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Specific allowance</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financing for construction and property development (including land) (business in Spain)</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,433</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">259</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Of which impaired</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">74</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Memorandum items written-off assets</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">346</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td></tr></table></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:69.579%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:28.221%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Memorandum items: Data from the public consolidated balance sheet</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR Million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Carrying amount</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total loans and advances to customers excluding the Public sector (business in Spain) (Book value)</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">241,695 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total consolidated assets (Total business) (Book value)</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,797,062 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impairment losses and credit risk allowances. Coverage for unimpaired assets (business in Spain)</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,230 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At year-end, the distribution of this portfolio was as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:67.109%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:30.691%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR Million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loans: gross amount</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1. Without mortgage guarantee</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2. With mortgage guarantee</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,417 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.1 Completed buildings</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,032 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.1.1 Residential</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">642 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.1.2 Other</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">390 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.2 Buildings and other constructions under construction</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,364 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.2.1 Residential</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,292 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.2.2 Other</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">72 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.3 Land</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.3.1 Developed consolidated land</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.3.2 Other land</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,433</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i73a5e275d91143b0992e7f9b3da89b27"></span><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">Policies and strategies in place for the management of these risks</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The policies in force for the management of this portfolio are periodically reviewed and approved on a regular basis by Santander's senior management.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">As has already been disclosed in this section, the Group’s anticipatory management of these risks enabled it to significantly reduce its exposure, and it has a granular, geographically diversified portfolio in which the financing of second residences accounts for a very small proportion of the total. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Mortgage lending on non-urban land represents a low percentage of mortgage exposure to land, while the remainder relates to land already classified as urban or approved for development.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The significant reduction of exposure in the case of residential financing projects in which the construction work has already been completed was based on various actions. As well as the specialised marketing channels already in existence, campaigns were carried out with the support of specific teams of managers for this function who, in the case of the Santander network, were directly supervised by the recoveries business area. These campaigns, which involved the direct management of the projects with property developers and purchasers, reducing sale prices and adapting the lending conditions to the buyers’ needs, enabled loans already in force to be subrogated. These subrogations enable to diversify its risk in a business segment that displays a clearly lower non-performing loans ratio.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In the case of construction-phase projects that are experiencing difficulties of any kind, the policy adopted is to complete the construction work so as to obtain completed buildings that can be sold in the market. To achieve this aim, the projects are analysed on a case-by-case basis in order to adopt the most effective series of measures for each case (structured payments to suppliers to ensure completion of the work, specific schedules for drawing down amounts, etc.).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">For the real estate business production, the admission processes are managed by specialized teams that work in direct coordination with the commercial teams, with clearly defined policies and criteria:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Property developers with a robust solvency profile and a proven track record in the market.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Medium-high level projects, conducting to contracted demand and significant cities.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Strict criteria regarding the specific parameters of the transactions: exclusive financing for the construction cost, high percentages of accredited sales, principal residence financing, etc. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Support of financing of government-subsidised housing, with accredited sales percentages.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Restricted financing of land purchases dealt with exceptional nature.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In addition to the permanent control performed by its risk monitoring teams, the Group has a specialist technical unit that monitors and controls this portfolio with regard to the stage of completion of construction work, planning compliance and sales control, and validates and controls progress billing payments. The Group has created a set of specific tools for this function. All mortgage distributions, amounts drawn down of any kind, changes made to the grace periods, etc. are authorised on a centralised basis.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i4b32e321519040b5998b50f5ff6eef58"></span><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">Foreclosed properties</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At 31 December 2023, the net balance of these assets amo</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">unted to EUR 2,448 million (EUR 2,971 million and EUR 3,591 million at 31 December 2022 and 2021, respectively), gross amount of EUR 5,506 million (EUR 6,422 million and EUR 7,364 million at 31 December 2022 and 2021, respectively); recognised allowance of EUR 3,058 million (EUR 3,451 million and EUR 3,773 million at 31 December 2022 and 2021, respectively).</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The following table shows the detail of the assets foreclosed by the businesses in Spain at the end of 2023:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:12pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:50.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR Million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross carrying amount</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Valuation adjustments</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Of which impairment losses on assets since time of foreclosure</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net Carrying amount</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Property assets arising from financing provided to construction and property development companies</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,901</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,801</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,072</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,100</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Completed buildings</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,054 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">615 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">519 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">439 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Residential</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">224 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">111 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">89 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">113 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">830 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">504 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">430 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">326 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Buildings under construction</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">101 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">45 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">36 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">56 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Residential</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">89 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">36 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">30 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">53 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Land</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,746 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,141 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,517 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,605 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Developed land</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,107 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">589 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">366 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">518 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other land</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,639 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,552 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,151 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,087 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Property assets from home purchase mortgage loans to households</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">473</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">197</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">131</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">276</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other foreclosed property assets</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">132</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">60</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">46</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">72</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total property assets</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,506</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,058</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,249</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,448</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In addition, the Group has shareholdings in entities holding foreclosed assets amounting to EUR 179 million (mainly Project Quasar Investment 2017, S.L. with EUR 155 million), and equity instruments foreclosed or received in payment of debts amounting to EUR 14 million.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In recent years, the Group has considered foreclosure to be a more efficient method for resolving cases of default than legal proceedings. The Group initially recognises foreclosed assets at the lower of the carrying amount of the debt (net of provisions) and the fair value of the foreclosed asset (less estimated costs to sell). Subsequent to initial recognition, the assets are measured at the lower of fair value (less costs to sell) and the amount initially recognised.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The fair value of this type of assets is determined by the market value (appraisal) adjusted with discounts obtained according to internal valuation methodologies based on the entity's sales experience in goods with similar characteristics.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The management of real estate assets on the balance sheet is carried out through companies specializing in the sale of real estate that is complemented by the structure of the commercial network. The sale is realised with at prices in accordance with the market situation and the offer of wholesale buyers.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The gross movement in foreclosed properties were as follows (EUR billion):</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:38.097%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.579%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.961%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.963%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR Billion</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross additions</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.3 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.2</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.4</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Disposals</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.2)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.3)</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.1)</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Difference</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.9)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.1)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.7)</span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div><span><br/></span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i3e602819bdc84ebdb6a3f953d8f1f9b5"></span><span style="background-color:#ffffff;color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">Information on the estimation of impairment losses</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The detail of Santander Spain exposure and impairment losses associated with each of the stages at 31 December, 2023, 2022 and 2021, is shown below. In addition, the exposure is divided in four tranches of the Standard & Poor's rating scale, according to their current credit quality:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.858%"><tr><td style="width:1.0%"></td><td style="width:27.871%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.657%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.657%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.657%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.658%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and impairment losses by stage</span></td></tr><tr><td colspan="15" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span id="i29b0021fc9124741bc922d84eaf844ac"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46,827 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46,875 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">101,079</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">780</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">101,859 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33,905 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,789 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,694 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,513</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,517</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,536 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,566 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">183,324</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,134</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,536</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">205,994</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Impairment losses</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">300</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">663</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,959</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,922</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.858%"><tr><td style="width:1.0%"></td><td style="width:27.871%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.657%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.657%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.657%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.658%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="15" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and impairment losses by stage</span></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="15" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span id="i9f90531a846b4fb2b96662c6c063718f"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">37,133 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">447 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">37,580 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">107,667</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">282</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">107,949 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46,296 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,388 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">52,684 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">253</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,234</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,893 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,380 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">191,349</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,351</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,893</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">212,593</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Impairment losses</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-bottom:1pt solid #ee2724;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">507</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ee2724;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ee2724;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">666</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ee2724;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ee2724;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,472</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ee2724;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ee2724;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,645</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ee2724;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%"> </span></div><div style="margin-bottom:3pt;padding-left:11.34pt;text-indent:-11.34pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.858%"><tr><td style="width:1.0%"></td><td style="width:27.871%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.657%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.657%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.657%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.658%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and impairment losses by stage</span></td></tr><tr><td colspan="15" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span id="i0ecf137bc659450eadf1fb29df46be05"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,978 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">352 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,330 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">109,142</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">555</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">109,697 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33,104 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,716 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,820 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">336</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,008</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,762 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,106 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">186,353</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,647</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,761</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">214,761</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Impairment losses</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">422</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">580</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,005</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,007</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Detail of credit quality ratings calculated for Group management purposes. Excluding the SCIB branches business</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%;padding-left:5.48pt">Total exposure includes loan balances (drawn amounts) and off balance (letters of credit + guarantees) and excludes REPOs, FV portfolio, trading portfolio and undrawn commitments.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.7pt">Includes provisions for undrawn authorized lines (loan commitments).</span></div><div><span><br/></span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">For the estimation of the expected losses, the prospective information is taken into account. Specifically, Santander Spain considers three macroeconomic scenarios, which are updated periodically. The projected evolution for a period of five years of the main macroeconomic indicators used by Santander Spain for estimating expected losses as of 2023, is presented below:</span></div><div style="margin-bottom:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:33.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.813%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.813%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.815%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024-2028</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Variables</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Pessimistic scenario </span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Base scenario</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Optimistic scenario </span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.6 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.1 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.0 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Unemployment rate</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14.3 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.0 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.5 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Housing price change</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.5 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.1 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.6 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">GDP growth</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.0 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.5 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.7 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Each macroeconomic scenarios is associated with a given weight. As for its allocation, Santander Spain associates the Base scenario with the highest weight, while associating the lower weights to the most extreme scenarios:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:36.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.579%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.579%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.580%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pessimistic scenario</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Base scenario</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Optimistic scenario 1</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The sensitivity analysis of the main portfolios expected loss to variations of +/-100 bp for the macroeconomic variables used in the construction of the scenarios, at December 31 2023, is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:44.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.494%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Change in Provision</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Mortgages</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporates</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Others</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">GDP Growth</span></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bp</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.1 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.3 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.7 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">100 bp</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-1.9 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-1.2 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-2.2 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Housing price change</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bp</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.1 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.5 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.2 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">100 bp</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-2.1 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-1.2 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-2.1 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Regarding the stage 2 classification determination, the quantitative criteria applied in Santander Spain are based on identifying whether any increase in the PD for the entire expected life of the operation is greater than a relative or absolute threshold. The established threshold is different for each portfolio depending on the characteristics of the operations, and an operation is considered to exceed said threshold when the PD for the entire life of the operation increases a certain amount over the PD it had at the time of initial recognition. The values of these thresholds depend on their calibration, carried out periodically, as indicated in previous paragraphs. Additionally, Santander Spain has implemented a backstop to the relative threshold in all portfolios. Consequently, contracts whose current PD has increased more than twice with respect to its PD at the time of its origination will be classified in phase 2.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In addition, a series of specific qualitative criteria are defined that indicate that the exposure has had a significant increase in credit risk, regardless of the evolution of its PD since the moment of initial recognition. Santander Spain, among other criteria, considers that an operation presents a significant increase in risk when it presents irregular positions for more than 30 days or if it is determined based on a system of Early Warning Indicators (EWIs).</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%"> </span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="ie670e05b52db4c91aa89ef97b1d71566"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">3.3. United States</span></div><div style="margin-bottom:3pt;margin-top:3pt"><span id="i72a319335f834d35b3202ab65c986bb9"></span><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">Portfolio overview</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Santander US’s credit risk increased to EUR 137,893 million at the end of December 2023. It makes up 12.2% of Grupo Santander's total credit risk.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">As of December 2023, Santander US credit investment dropped 1.8% compared to 2022, mainly due to SCUSA and SBNA Individuals portfolios..</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Once the fiscal stimuli were withdrawn and after several increases in interest rates, the NPL rate grew to 4.57% (+132 bps in the year) due to a higher stock of delinquencies in SC USA, and the cost of risk increased up to 1.92% (+57 bp in the year).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Santander US includes the following business units:</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="id5f70ef73d64491fac199089a520d937"></span><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">Santander Bank, National Association (SBNA)</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In 2023 lending</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"> amounted 58,826 million euros (representing 5% of the Group's credit risk) and presents a reduction of 9.1% in 2023, mainly due to the transfer of the CIB portfolio to the New York branch. Excluding the exchange rate effect, the portfolio decreased by 6.0%. </span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Its activity is focused on commercial banking with 88% of the portfolio distributed in individuals (51%), and approximately 49% in corporates. To optimize profitability and growth opportunities, the retail segment focuses on the financing of consumer loans, as well as automobile financing and leasing, leaving aside the origination of mortgage loans and loans and lines of credit associated with mortgage guarantees. .</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The NPL r</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">atio increased to 1.64% (+56 bp in the year) as of December 2023 the cost of credit increased to 0.98% once the provisions were normalized after the extraordinary releases of 2022 that were favoured by the fiscal support and stimulus programs still in force at that time.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ie51081b891ea4a78b47f6e5137877a9e"></span><span style="background-color:#ffffff;color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">Information on the estimation of impairment losses </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The detail of Santander Bank, National Association exposure and impairment losses associated with each of the stages at 31 December, 2023, 2022 and 2021, is shown below. In addition, the exposure is divided in four tranches of the Standard & Poor's rating scale, according to their current credit quality:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:34.085%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.949%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.950%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and impairment losses by stage</span></td></tr><tr><td colspan="15" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span id="i213bf20324a94700ab5267d5d3e7a28b"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,834 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">76 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,910 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,468</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">459</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,926</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,312</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,439</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28,751</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">52</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">450</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">894</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,396</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total exposure</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">50,665</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,424</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">894</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">55,983</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Impairment losses</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">409</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">335</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">141</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">885</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:34.085%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.949%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.950%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and impairment losses by stage</span></td></tr><tr><td colspan="15" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span id="ice772cc6f2314c5e88effc0cac789842"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,884 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">145 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,029 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,768</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">366</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,134</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30,359</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,225</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32,584</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">308</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">558</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">459 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,325</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">58,319</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,294</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">459</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">62,072</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Impairment losses</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">392</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">241</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">74</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">707</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:9.07pt;text-indent:8.93pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%"> </span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:34.085%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.949%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.950%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and impairment losses by stage</span></td></tr><tr><td colspan="15" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span id="i3cc0a95927a0409593104fc1b32021db"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,811 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">124 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,935 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29,379</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,033</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30,412 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,193 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,756 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,949 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">361</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">477 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">857 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">50,402</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,274</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">477</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">55,153</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Impairment losses</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">263</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">314</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">45</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">622</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Detail of credit quality ratings calculated for Group management purposes.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%;padding-left:5.48pt">Total exposure includes loan balances (drawn amounts) and off-balance (letters of credit + guarantees) and excludes REPOs, FV portfolio, trading portfolio and undrawn commitments.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%;padding-left:5.7pt">Includes provisions for undrawn authorized lines (loan commitments). </span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">For the estimation of expected losses, prospective information is taken into account. Specifically, Santander Bank, National Association considers four macroeconomic scenarios, which are updated periodically. The evolution projected in 2023 for a period of five years of the main macroeconomic indicators used Santander Bank, National Association to estimate expected losses is presented below:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div></div></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:54.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.012%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024 - 2028</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Variables</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Pessimistic scenario 2</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Pessimistic scenario 1</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Base scenario</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Optimistic scenario</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate (annual averaged)</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.4 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.1 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.4 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.7 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Unemployment rate</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.9 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.6 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.1 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.3 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">House price change</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-0.7 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-0.2 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.3 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.0 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">GDP growth</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.6 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.0 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.8 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.6 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ee2724;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Manheim growth</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ee2724;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-1.6 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ee2724;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ee2724;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-1.5 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ee2724;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ee2724;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-1.6 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ee2724;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ee2724;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-1.3 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ee2724;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A. US used vehicle price car index. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Each of the macroeconomic scenarios is associated with a given weight. As for its allocation, Santander Bank, National Association associates the highest weighting to the Base scenario, while associates the lowest weightings to the most extreme scenarios:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:43.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.420%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pessimistic scenario 2</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pessimistic scenario 1</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Base scenario</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Optimistic scenario</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:115%">The sensitivity analysis of the main portfolios expected loss to variations of +/-100 bp for the macroeconomic variables used in the construction of the scenarios as of 2023 is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.474%"><tr><td style="width:1.0%"></td><td style="width:54.317%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.191%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.192%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Change in Provision</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Mortgages</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporates</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">GDP Growth</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bp</span></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.9%</span></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.7%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">100 bp</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-7.5%</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-6.4%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Housing price change</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bp</span></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.3%</span></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.7%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">100 bp</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-7.4%</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-6.9%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Unemployment rate</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bp</span></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-30.3%</span></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-23.8%</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">100 bp</span></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35.9%</span></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30.1%</span></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In relation to the Stage 2 classification determination, the quantitative criteria applied at SBNA for retail portfolios uses the FICO (Fair Isaac Corporation) score at the time of origination and its current value, establishing different absolute threshold for each portfolio according to their characteristics. A SICR implies changes in that score ranging from 120 bp to 20 bp.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In the case of wholesale portfolios, SBNA uses the transaction's rating as a reference for its PD, taking into account its rating at the time of origination and its current rating, setting absolute thresholds for the different rating bands that depend on each portfolio characteristics.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Additionally, for each portfolio, a series of specific qualitative criteria are defined, which indicate that the exposure has experienced a significant increase in credit risk, regardless of the evolution of its PD since the initial recognition. Santander Bank, National Association, among other criteria, considers that a transaction presents a significant increase in credit risk when it has arrears positions for more than 30 days or if it is determined based on a system of Early Warning Indicators (EWIs). </span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="icead227976e54875b1345282b66d297d"></span><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">Santander Consumer USA Inc.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Santander Consumer USA Inc. (SC USA) presents higher risk indicators than other Santander US units due to the nature of its business, which focuses on auto finance via loans and leasing.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At 31 December 2023, lending amounted to EUR 28,876 million (representing 3% of the Group) and presents a reduction of 9.6% in 2023. Excluding the exchange rate effect, the portfolio decreased by 6.5%.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The focus continues to be on managing the relationship between profitability and risk, via management of prices adjusted to the credit quality of the customer/transaction, while improving the dealers' experience. Originations in the auto portfolio did not grow compared to the previous year, as a reflection of the restriction in the supply of new vehicles and the revaluation of used vehicles compared to the levels of previous years.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">As of December 2023, the cost of credit is following a normalization trend, from the artificially good situation of previous years, due to government support and stimulus programs. Regarding the NPL ratio, it increased to 18.26% (+615 bp in the year); and the cost of credit stood at 6.41% (+173 bp YoY). Non-performing coverage ratio fell to 63% (-24 pp in the year), in line with the percentages of transfers from default to bad debts, which are at historically low levels.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-top:9pt"><span id="i84af5072cdc24d2ca038299d9d4c647f"></span><span style="background-color:#ffffff;color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">Information on the estimation of impairment losses</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The detail of Santander Consumer USA Holding Inc. exposure and impairment losses associated with each of the stages at 31 December 2023, 2022 and 2021, is shown below. In addition, the exposure is divided in four tranches of the Standard & Poor's rating scale, according to their current credit quality:</span></div><div style="margin-bottom:3pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:33.467%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.259%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and impairment losses by stage</span></td></tr><tr><td colspan="15" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span id="i15f241d3a22f4b59920fc0a5bb13f01e"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">99 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">99 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,120 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">395 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,515 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,754 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,237 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,272 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,263 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,973</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,632</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,272</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">28,877</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Impairment losses</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">597</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,019</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,712</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,327</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:33.467%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.259%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and impairment losses by stage</span></td></tr><tr><td colspan="15" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span id="i8dfac96cca3e4d69979001a4114bc41f"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">171</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">171 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,564</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">512</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,076 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,735</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,108</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,870 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,713 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22,470</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,620</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,870</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31,960</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Impairment losses</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">672</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,232</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,452</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,356</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:33.467%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.259%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and impairment losses by stage</span></td></tr><tr><td colspan="15" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span id="if6fb26be56dc48adb690db15cd9ef757"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">417 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">421 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">800</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">835 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,655</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,930</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,585 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">222</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,931</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,658 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,811 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">20,094</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,900</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,658</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">29,652</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Impairment losses</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">524</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,741</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">572</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,837</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Detail of credit quality ratings calculated for Group management purposes.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%;padding-left:5.48pt">Total exposure includes loan balances (drawn amounts) and off-balance (letters of credit + guarantees) and excludes REPOs, FV portfolio, trading portfolio and undrawn commitments.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%;padding-left:5.7pt">Includes provisions for undrawn authorized lines (loan commitments).</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">For the expected losses estimation, prospective information should be taken into account. Specifically, Santander Consumer USA Holdings Inc. considers four macroeconomic scenarios, periodically updated over a 5-year time horizon. </span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The evolution forecasted in 2023 for a period of five years of the main macroeconomic indicators used by in Santander Consumer USA Holdings Inc in the estimation of expected losses is shown below:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:54.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.012%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024 - 2028</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Variables</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Pessimistic scenario 2</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Pessimistic scenario 1</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Base scenario</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Optimistic scenario</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate (annual averaged)</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.4 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.1 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.4 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.7 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Unemployment rate</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.9 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.6 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.1 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.3 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">House price change</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-0.7 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-0.2 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.3 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.0 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">GDP growth</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.6 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.0 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.8 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.6 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Manheim</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> index</span></div></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-1.6 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-1.5 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-1.6 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-1.3 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A. US used vehicle price car index. </span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Each of the macroeconomic scenarios is associated with a given weight. Santander Consumer USA Inc. associates the highest weighting to the Base scenario, whereas it associates the lowest weightings to the most extreme or acid scenarios:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:47.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.876%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2020</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pessimistic scenario 2</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pessimistic scenario 1</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Base scenario</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Optimistic scenario</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The sensitivity analysis of the main portfolios expected loss to variations of +/-100 bp for the macroeconomic variables used in the construction of the scenarios at the end of 2023 is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:61.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:35.938%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Change in provision</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">SC Auto</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Manheim index</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bp</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.8%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">100 bp</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-0.7%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Unemployment Rate</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bp</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-3.7%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">100 bp</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.0%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">House Price Change</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bp</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.6%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">100 bp</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-1.2%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">GDP growth</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bp</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.4%</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">100 bp</span></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-1.1%</span></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In relation to the stage 2 classification determination, the quantitative criteria applied at SC USA uses the FICO (Fair Isaac Corporation) score at the time of origination and its current value, establishing different absolute threshold for each portfolio according to their characteristic</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">s.</span></div><div style="margin-bottom:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Additionally, for each portfolio, a series of specific qualitative criteria are defined, which indicate that the exposure has had a significant increase in credit risk, regardless of the evolution of its PD since the initial recognition. Santander Consumer USA Holdings Inc. among other criteria, considers that a transaction presents a significant increase in credit risk when it has irregular positions for more than 30 days. These criteria depend on the risk management practices of each portfolio.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:3pt"><span id="i6432d954ef204c479e5afb8eb28c5819"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">3.4. Banco Santander (Brasil) S.A.</span></div><div style="margin-bottom:3pt;margin-top:3pt"><span id="i92737314855f4701979517c19ec9da79"></span><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">Portfolio overview</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Santander Brasil's credit risk amounted to EUR 113,937 million. It increased by 11.9% from 2022. Minus the exchange rate effect, it grew by 6.3%. As of December 2023, Santander Brasil accounts for 10% of Grupo Santander's loan book.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The Brazilian economy has experienced a slow but continuous recovery, which has slowed down, although the labour market continued to show great resilience as did exports.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Lending to individual observed moderate growth, with a focus on guaranteed portfolios, despite the restrictive measures implemented due to the deterioration of the macroeconomic situation since the second half of 2021. At Santander Auto, the alliance with Stellantis is expected to represent a relevant accelerator of vehicle production given that it is the main brand in Brazil, with 32% market share. The improvement observed in new production is already beginning to be reflected in metrics at the portfolio level, through the earliest irregularity indicators.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">SME lending, which represents 10% of the total risk, the restrictive admission measures adopted since the end of 2021 were maintained, also incorporating some additional ones, especially in the risk profiles with the worst behaviour, reviewing the strategies to ensure quality credit at budgeted levels, which was achieved during the year, avoiding deterioration in risk metrics.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Regarding lending to corporates, the volume has grown above expectations (as of December 23), showing robust and constant growth. This portfolio growth has been achieved by maintaining stable credit profile and profitability.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The NPL rate went from 7.57% in December 2022 to 6.56% in December 2023, and the coverage ratio increased from 80% to 85%.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">As of </span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">31 December 2023 loan-loss provisions reached EUR 4,701 million, a 6.4% year-on-year increase (excluding the effect of the exchange rate, the increase would remain at 6%) Cost of risk rose from 4.79% in 2022 to 4.77% in 2023. </span></div></div></div><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="id2dddccb89624163b52da0faca21f7f4"></span><span style="background-color:#ffffff;color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">Information on the estimation of impairment losses </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The detail of Banco Santander (Brasil) S.A. exposure and impairment losses associated with each of the stages at 31 December 2023, 2022 and 2021, is shown below. In addition, the exposure is divided in four tranches of the Standard & Poor's rating scale, according to their current credit quality: </span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:33.467%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.259%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="background-color:#ffffff;border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and impairment losses</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="12" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span id="i33a94742b8e14be3aeb875edca2047ad"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,670 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">468 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,138 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38,869</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">751</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39,620 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36,107 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,177 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,284 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,153 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,735 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,479 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,367 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">96,799</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,131</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,479</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">113,409</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Impairment losses</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">722</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,078</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,538</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,338</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:33.467%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.259%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="background-color:#ffffff;border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and impairment losses</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="12" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2022</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span id="ib5cca89bd5c04dc7b7327412765bf9da"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,033 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,074 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35,902</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">342</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36,244 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31,269 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,195 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34,464 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">432 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,547 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,705 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,684 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">85,636</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,125</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,705</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">101,466</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Impairment losses</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">575</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,219</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,334</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,128</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:33.467%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.259%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="background-color:#ffffff;border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and impairment losses</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="12" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span id="i284d4882d03d40d2b05cdd6a20f4c418"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,555 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">296 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,851 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,003</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">280</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,283 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,040 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,241 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29,281 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,542 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,544 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,182 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,268 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">75,140</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,361</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,182</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">84,683</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Impairment losses</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,232</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">909</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,510</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,651</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Detail of credit quality ratings calculated for Group management purposes.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%;padding-left:5.48pt">Total exposure includes loan balances (drawn amounts) and off-balance (letters of credit + guarantees) and excludes REPOs, FV portfolio, trading portfolio and undrawn commitments.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%;padding-left:5.7pt">Includes provisions for undrawn authorized lines (loan commitments).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">For the expected losses estimation, prospective information is taken into account. Particularly, Santander Brazil considers three macroeconomic scenarios, periodically updated. The evolution for a period of five years of the main macroeconomic indicators used to estimate the expected losses in Santander Brazil is as follows:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:36.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.579%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.579%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.580%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024-2028</span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Variables</span></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Pessimistic scenario</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Base scenario</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Optimistic scenario</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate (annual averaged)</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.8 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.4 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.6 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Unemployment rate</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.6 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.4 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.2 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">House price change</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.8 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.8 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.6 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">GDP growth</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.0 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.8 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.0 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Burden income</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26.6 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24.3 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23.0 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div></div><div style="margin-bottom:9pt;margin-top:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Each macroeconomic scenario is associated with a given weight. Regarding its assignation, Brazil links the highest weight to the base scenario whilst links the lowest weights to the most extreme scenarios:</span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:36.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.579%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.579%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.580%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pessimistic scenario</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Base scenario</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">80 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">80 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">80 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Optimistic scenario</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div><div style="margin-bottom:6pt;text-indent:-0.01pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:119%">The sensitivity analysis of the main portfolios expected loss to variations of +/-100 bp for the macroeconomic variables used in the construction of the scenarios is at the end of 2023 as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:40.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.346%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Change in provision</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consumer</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">GDP growth</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bp</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.1 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.2 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.8 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">100 bp</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-0.6 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-1.8 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-0.8 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Unemployment rate</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bp</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-0.3 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-0.6 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-0.5 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">100 bp</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.4 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.7 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.3 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate (SELIC)</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bp</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-1.4 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-5.2 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-1.8 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">100 bp</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.7 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.2 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.1 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Regarding the stage 2 classification determination, Santander Brazil analyses whether any increase in the PD for the expected entire life of the operation is greater than the combination of an absolute and a relative threshold. The established threshold is different for each portfolio depending on the characteristics of the operations, and an operation is considered to exceed said threshold when the PD for the entire life of the operation increases a certain amount over the PD it had at the time of initial recognition. The values of these absolute and relative thresholds depend on their calibration, carried out periodically, as well as the type of portfolio they affect. Additionally, Santander Brasil plans to introduce in February 2024 a backstop of 200% to the relative threshold of all portfolios</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In addition, for every portfolio, a set of specific qualitative criteria are defined to indicate that the exposure to credit risk has significantly risen, regardless of the evolution of its PD since the initial recognition. Santander Brazil, among other criteria, considers that an operation involves a significant increase in credit risk when it presents irregular positions for more than 30 days or if it is determined based on a system of Early Warning Indicators (EWI).</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i7aa8e5bf32e94aa8945501bcb17b27f2"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">4. Other credit risk aspects</span></div><div style="margin-bottom:3pt;margin-top:3pt"><span id="i350ed0892c664cc680f6293dc71a8e02"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">4.1. Credit risk by activity in the financial markets</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">This section covers credit risk from treasury, with money market financing and counterparty risk products to satisfy the needs of customers (especially credit institutions) and the Group. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Counterparty credit risk is the risk that a customer will default before the final settlement of a transaction’s cash flows. It creates a bilateral credit risk because it can affect both parties to a transaction. It is also uncertain because it depends on market factors, which can be volatile. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander manages counterparties with several credit risk models based on their characteristics and needs. Model segmentation is by business and risk treatment and based on counterparty disclosures as well as the credit risk cycle. The exposure that the counterparty credit risk model covers includes derivatives contracts, repurchase agreements, securities and commodities lending, long settlements and margin lending.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">An infrastructure that can quickly and dynamically measure current and potential exposure with various degrees of aggregation and granularity to generate detailed reports is important for decision-making.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">To measure exposure, Santander uses two methods: “Mark-to-market” (MtM) (replacement cost of derivatives), plus potential future exposure (“add-on”); and the Monte Carlo simulation for certain countries and products. In addition, Santander calculates capital at risk and unexpected loss (e.g. economic capital, net of collateral and recoveries, after deducting expected loss). </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At market close, Santander recalculates its exposure by adjusting transactions to a new time horizon, adapting potential future exposure, and applying netting, collateral and other mitigants. That way, Santander can check exposure daily against the limits approved by senior management within risk appetite. For risk control, the Group uses a real-time integrated system that shows the exposure limit with a counterparty, for any product and term, in all subsidiaries. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">As part of the exposure to counterparty credit risk, an additional risk known as wrong-way risk may arise. This risk is the one that arises in the event that the exposure with a portfolio or with a counterparty increases when its credit quality deteriorates. That is, wrong-way risk exists when there is an increase in the risk of default and, as a consequence, the exposure we have with the counterparty increases. Santander has specific models to measure this risk.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Regarding settlement risk, this occurs when the settlement of a transaction involves a bilateral exchange of flows or assets between two counterparties, and there is a risk that one of the parties will fail to comply with their settlement commitments. To measure this risk, Santander has developed a global infrastructure and specific models.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i3693796eaa0e4f3190b3c4764dbb8a04"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">4.2. Concentration risk </span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Concentration risk control is a vital part of our management. The Group continuously monitors the degree of concentration of its credit risk portfolios using various criteria: geographic areas and countries, economic sectors and groups of customers.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The board, via the risk appetite framework, determines the maximum levels of concentration.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In line with these maximum levels and limits, the executive risk committee establishes the risk policies and reviews the appropriate exposure levels for the effective management of </span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">the degree of concentration in Santander’s credit risk portfolios.</span></div><div style="margin-bottom:6pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander must adhere to the regulation on large risks contained in the CRR, according to which the exposure contracted by an entity with a customer or group of associated customers will be considered a large exposure when its value is equal to or greater than 10% of eligible capital.</span></div><div style="margin-bottom:6pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In addition, in order to limit large exposures, no entity may assume exposures exceeding 25% of its eligible capital with a single customer or group of associated customers, having factored in the credit risk mitigation effect contained in the regulation.</span></div><div style="margin-bottom:6pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At the end of December, after applying risk mitigation techniques, no group reaches the above-mentioned thresholds.</span></div><div style="margin-bottom:6pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Regulatory credit exposure with the 20 largest groups within the scope of large risks represented 5.6% of the outstanding credit risk with customers (lending to customers plus off-balance sheet risks) as of December 2023. While the regulatory credit exposure with the 40 largest groups represents 8.5% of the credit risk.</span></div><div style="margin-bottom:6pt"><span><br/></span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The detail, by activity and geographical area of the Group's risk concentration at 31 December 2023 is as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:42.603%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.161%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="15" style="background-color:#ffffff;border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Spain</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other EU countries</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">America</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Rest of the world</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks and Credit institutions</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">379,533 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">99,186 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">69,692 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">132,573 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">78,082 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Public sector</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">215,038 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">56,158 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51,160 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">96,477 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,243 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central government</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">186,872 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,442 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45,469 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">87,217 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,744 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other central government</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28,166 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,716 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,691 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,260 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">499 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other financial institutions (financial business activity)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">158,730 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,578 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,480 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">60,321 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38,351 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-financial companies and individual entrepreneurs (non-financial business activity) (broken down by purpose)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">455,926 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">109,246 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">106,328 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">179,349 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">61,003 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Construction and property development</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,621 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,318 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,189 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,561 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,553 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Civil engineering construction</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,538 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,354 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,740 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,257 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">187 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Large companies</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">282,357 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48,777 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">61,506 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">126,207 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45,867 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">SMEs and individual entrepreneurs</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">147,410 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">54,797 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38,893 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,324 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,396 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Households – other (broken down by purpose)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">564,425 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">88,660 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">103,380 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">148,026 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">224,359 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Residential</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">352,478 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">63,294 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36,480 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47,347 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">205,357 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Consumer loans</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">192,960 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,428 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">64,084 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">94,805 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,643 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other purposes</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,987 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,938 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,816 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,874 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,359 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,773,652</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">368,828</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">375,040</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">616,746</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">413,038</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:15pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">For the purposes of this table, the definition of risk includes the following items in the public balance sheet: 'Loans and advances to credit institutions', 'Loans and advances to Central Banks', 'Loans and advances to Customers', 'Debt securities', 'Equity Instruments', 'Trading Derivatives', 'Hedging derivatives', 'Investments and financial guarantees given'. </span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ifde96b274920434cb2a8f5e984da67d0"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">4.3 Sectors identification and management </span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander conducts a quarterly review of exposure to customers operating in sectors that could be more affected by macroeconomic conditions (energy consumption, commodity prices, and key macroeconomic variables). This monitoring is complemented by the use of internal tools that allow projecting the behaviour and evolution of clients in each sector under different macroeconomic scenarios. Additionally, this process considers, among other things, the following information at the sector level:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Market information: Industries’ stock market performance.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Analysts’ EBITDA forecasts for the coming years.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Internal information: Changes in credit exposure, defaults (in different timelines) and stagings.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Our industry experts’ opinion, based on specific details about our exposures and our relationships with customers</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i51058086694c4ba0ad43dbc95e6099e8"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">4.4. Sovereign risk and exposure to other public sector entities</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Sovereign risk occurs in transactions with a central bank. It includes the regulatory cash reserve, issuer risk with the Treasury (public debt portfolio) and risk from transactions with government institutions whose funding only come from the state’s budgetary revenue and not commercial operations.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander's standard for sovereign risk differs somewhat from the European Banking Authority's (EBA) standard for regular stress testing. In particular, the EBA does not consider deposits with central banks, exposures with insurance companies or indirect exposures from guarantees and other financial instruments. However, its standard does generally include entities run by regional, local and central governments. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Santander continues to track and manage transactions with sovereign risk based on available information, such as reports by rating agencies and international organizations. Grupo Santander monitors each country where the Group has cross-border</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:121%;position:relative;top:-3.15pt;vertical-align:baseline">1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"> and sovereign risk. Santander analyses events that could affect the country’s political or institutional stability and assign its government or central bank a credit rating. This helps us set limits for transactions with sovereign risk.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At the end of December, Grupo Santander´s local sovereign exposure, in currencies other than the official currency of the country of issuance, is not significant (EUR 4,404 million, 1.1% of total sovereign risk) according to our management criteria. Furthermore, exposure to non-local sovereign issuers involving cross-border risk is even less significant (EUR 11,085 million, 2.7% of total sovereign risk). </span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Sover</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">eign exposure in Latin America is mostly in local currency, and is recognised in the local accounts and concentrated in short- term maturities.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Over the past few years, total exposure to sovereign risk has remained in line with regulatory requirements and our strategy to manage this portfolio. </span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The shifts observed in the different countries exposure is due to our liquidity management strategy and the hedging of interest and exchange rates risks. Santander's exposure spreads among countries with varied macroeconomic outlooks and dissimilar scenarios in terms of growth, interest and exchange rates.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Our investment strategy for sovereign risk considers country’s credit quality to set the maximum exposure limits</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:121%;position:relative;top:-3.15pt;vertical-align:baseline">A</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:43.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.420%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">AAA</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">AA</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">A</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">BBB</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Less than BBB</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.85pt">Internal ratings are applied.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:9pt;padding-right:263.62pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Sovereign exposure at the end of 31 December 2023 is shown in the table below (data in million euros):</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:11.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.270%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.608%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Portfolio</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Country</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets designated at fair value through profit or loss</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets at fair value through other comprehensive income</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets at amortized cost</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Non-trading financial assets mandatorily at fair value through profit or loss</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total net direct exposure</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total net direct <br/>exposure</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,996 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">97 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34,534 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39,627 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29,095 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Portugal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">462 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,247 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,150 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,859 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,456 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Italy</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,187)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">415 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,366 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,594 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,415 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Greece</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ireland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Rest Eurozone</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,899 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">604 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,621 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,124 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,651 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">UK</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,261 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">607 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,919 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,787 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,106 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Poland</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">194 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,340 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,733 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,267 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,715 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Rest of Europe</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,467 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">310 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,793 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">132 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,049 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,253 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,002 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,304 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23,298 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,715 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,273 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,745 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,733 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23,728 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,311 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,075 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,439 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,825 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,306 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">97 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,040 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,148 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,285 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,485 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Rest of America</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">277 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">543 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,430 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,250 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,964 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Rest of the World</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">229 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,843 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,455 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,527 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,542 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">25,319</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">43,804</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">91,852</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">160,975</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">134,893</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt"><span id="ieb8c941d862a4ccdbefe976548b485e7"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">5. Forborne loan portfolio</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The customer debt redirection policy incorporates the regulatory requirements of the EBA guidelines on the management of non-performing exposures, refinancing and restructuring. This policy acts as a reference for the transposition in our subsidiaries and shares the applicable supervisory expectations.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">This policy also sets down rigorous criteria for evaluating, classifying and monitoring forbearances to ensure the strictest possible care and diligence in recovering due amounts. Thus, it dictates that Santander must adapt payment obligations to customers' current circumstances. Our forbearance policy also defines classification criteria to ensure Grupo Santander recognizes risks appropriately. They must remain classified as non-performing or in watch-list for a prudential period for reasonable certainty of repayment. In no case will repayments be used to delay the immediate recognition of losses or so that their use distorts the timely recognition of the risk of non-payment.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At 31 December 2023, forbearance stock fell again and stood at EUR 31,963 million, due to the good payment behaviour in the main geographies. In terms of credit quality, 47% of the loans is classified as credit impaired, with a coverage ratio of 44%. In addition, 53% of the portfolio is classified as p</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">erforming.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The following terms are used with the meanings specified below:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Refinancing transaction: transaction that is granted or used, for reasons relating to current or foreseeable financial difficulties of the borrower, to repay one or more of the transactions granted to it, or through which the payments on such transactions are brought fully or partially up to date, in order to enable the borrowers of the cancelled or refinanced transactions to repay their debt (principal and interest) because they are unable, or might foreseeably become unable, to comply with the conditions there of in due time and form.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Restructured transaction: transaction with respect to which, for economic or legal reasons relating to current or foreseeable financial difficulties of the borrower, the financial terms and conditions are modified in order to facilitate the payment of the debt (principal and interest) because the borrower is unable, or might foreseeably become unable, to comply with the aforementioned terms and conditions in due time and form, even if such modification is envisaged in the agreement.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;text-indent:10.91pt"><span><br/></span></div><div style="margin-bottom:9pt;text-indent:9pt"><span><br/></span></div></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:27.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.607%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Current refinancing and restructuring balances</span></td></tr><tr><td colspan="24" style="border-bottom:1pt solid #ec0000;border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Amounts in EUR million, except number of transactions that are in units</span></td></tr><tr><td colspan="24" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="21" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Without real guarantee</span></td><td colspan="12" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">With real guarantee</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr style="height:26pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Maximum amount of the actual collateral that can be considered</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Impairment of accumulated value or accumulated losses in fair value due to credit risk</span></td></tr><tr style="height:18pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Number of transactions</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Gross amount</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Number of transactions</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Gross amount</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Real estate guarantee</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Rest of real guarantees</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit entities</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Public sector</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">12,851 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">437 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">37 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Other financial institutions and: individual shareholder</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,011 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">258 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">833 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">285 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">38 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">182 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">58 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Non-financial institutions and individual shareholder</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">728,123 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">7,709 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">61,110 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">6,977 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">4,079 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,461 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3,543 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">Of which financing for constructions and property development</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">14,236 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">106 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,035 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">506 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">415 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">41 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">134 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Other warehouses</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">4,400,346 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">6,107 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">507,378 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10,185 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">4,602 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">4,043 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">4,484 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">5,142,331</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">14,511</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">569,358</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">17,452</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">8,721</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">5,686</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">8,089</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Financing classified as non-current assets and disposable groups of items that have been classified as held for sale</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.279%"><tr><td style="width:1.0%"></td><td style="width:20.807%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.096%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.183%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.630%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.288%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.673%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.692%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.831%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Current refinancing and restructuring balances</span></td></tr><tr><td colspan="24" style="border-bottom:1pt solid #ec0000;border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Amounts in EUR million, except number of transactions that are in units</span></td></tr><tr><td colspan="24" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="24" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Of which, non-performing/Doubtful</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Without real guarantee</span></td><td colspan="12" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">With real guarantee</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr style="height:26pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Maximum amount of the actual collateral that can be considered</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Impairment of accumulated value or accumulated losses in fair value due to credit risk</span></td></tr><tr style="height:18pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Number of transactions</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Gross amount</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Number of<br/>transactions</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Gross amount</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Real estate guarantee</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Rest of real guarantees</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit entities</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Public sector</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Other financial institutions and: individual shareholder</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">472 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">25 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">428 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">107 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">21 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">51 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">50 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Non-financial institutions and individual shareholder</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">385,859 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3,307 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">37,225 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3,751 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,134 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">709 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3,078 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Of which financing for constructions and property development</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">7,759 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">56 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,155 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">235 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">183 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">18 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">112 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Other warehouses</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,092,099 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,593 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">293,433 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">5,257 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,744 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,394 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3,415 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2,478,437</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">5,928</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">331,093</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">9,116</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">3,900</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">3,154</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">6,546</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Financing classified as non-current assets and disposable groups of items that have been classified as held for sale</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In 2023, the amortised cost of financial assets whose contractual cash flows were modified during the year when the corresponding loss adjustment was valued at an amount equal to the expected credit losses over the life of the asset amounted to EUR 2,902 million (2,379 million in 2022), without these modifications having a material impact on the income statement. Also, during 2023, the total of financial assets that have been modified since the initial recognition, and whose correction for expected loss has gone from being valued during the entire life of the asset to the following twelve months, amounts to EUR 2,804 million (1,677 million in 2022).</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The transactions presented in the foregoing tables were classified at 31 December 2023 by nature, as follows:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Credit impaired: Operations that rest on an inadequate payment scheme will be classified within the non-performing category, regardless they include contract clauses that delay the repayment of the operation throughout regular payments or present amounts written off the balance sheet for being considered irrecoverable.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Performing: Operations not classifiable as non-performing will be classified within this category. Operations will also be classified as normal if they have been reclassified from the non-performing category for complying with the specific criteria detailed below:</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">a)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:3.98pt">A period of a year must have passed from the refinancing or restructuring date.</span></div></div></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">b)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:3.66pt">The owner must have paid for the accrued amounts of the capital and interests, thus reducing the rearranged capital amount, from the date when the restructuring of refinancing operation was formalised.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">c)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:4.61pt">The owner must not have any other operation with amounts past due by more than 90 consecutive days of material delay on the date of the reclassification to the normal risk category. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Attending to the credit attention 53% of the forborne loan transactions are classified as other than non-performing. Particularly noteworthy are the level of existing guarantees (45% of transactions are secured by collateral) and the coverage provided by specific allowances (representing 25% of the total forborne loan portfolio and 44% of the non-performing portfolio).</span></div><div style="margin-bottom:3pt;margin-top:9pt;padding-left:9.07pt;text-indent:-9.07pt"><span id="i61d875df496d47708d1293c4af099c44"></span><span style="background-color:#ffffff;color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">c) Market, structural and liquidity risk</span></div><div style="margin-bottom:3pt;margin-top:6pt;padding-left:9.07pt;text-indent:-9.07pt"><span id="i879f2eb237a64477ac0da561553ef466"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">1. Activities subject to market risk and types of market risk</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Activities exposed to market risk encompass transactions where risk is assumed as a consequence of potential changes in interest rates, inflation rates, exchange rates, stock prices, credit spreads, commodity prices, volatility and other market factors; the liquidity risk from our products and markets, and the balance-sheet liquidity risk. Therefore, they include trading risks and structural risks.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%;padding-left:2.93pt">Interest rate risk</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"> arises from movements in interest rates that reduce the value of a financial instrument, a portfolio or the Grupo Santander. It can affect loans, deposits, debt securities, most assets and liabilities held for trading, and derivatives. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%;padding-left:2.93pt">Inflation rate risk</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"> arises from movements in inflation that can reduce the value of a financial instrument, a portfolio or the entire group. It can affect loans, debt securities and derivatives (e.g. inflation swaps and futures) whose profitability is linked to inflation.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%;padding-left:2.93pt">Exchange rate risk</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"> is the possibility of loss because the currency of a long or open position will depreciate against the base currency. It can affect debt in subsidiaries whose local currency is not the euro, as well as loans denominated in a foreign currency.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%;padding-left:2.93pt">Equity risk</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"> is the possibility of loss from open positions in securities if their market price or expected future dividends fall. It affects shares, stock market indices, convertible bonds and derivatives with shares as the underlying asset (put, call, equity swaps, etc.).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%;padding-left:2.93pt">Credit spread risk</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"> is the possibility of loss from open positions in fixed-income securities or credit derivatives if their yield curve, or the recovery rate of their issuer or type change. A spread is the yield difference between financial instruments against a benchmark (e.g. the internal rate of return (IRR) of government bonds and interbank interest rates).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%;padding-left:2.93pt">Commodity price risk</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"> is the possibility of loss from movements in commodity prices. Grupo Santander's commodity exposure is minor and stems mainly from commodity derivatives.</span></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%;padding-left:2.93pt">Volatility risk</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"> is the possibility of loss caused by movements in interest rates, exchange rates, the stock market, credit spreads and other risk factors affecting portfolio value. It is inherent to all financial instruments whose value considers volatility (especially options contracts).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Derivative contracts (such as options, futures, forwards and swaps) can mitigate market risks partially or fully.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Additionally, other more complex coverage market risks are considered, such as correlation risk, market liquidity risk, prepayment or cancellation risk and subscription risk.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Correlation risk is the possibility of loss due to an adverse correlation between risk variables that affect portfolio value. Risk variables could be the same (e.g. two FX rates) or different (e.g. an interest rate and a commodity price).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Market liquidity risk is the possibility that fewer market makers or institutional investors, a large number of transactions, market instability and other factors will cause the Group or a subsidiary to exit a position at a worse market price or trade cost. Exposure to different products and currencies can also increase this risk.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Pre-payment or cancellation risk originates when mortgages, deposits and other on-balance-sheet instruments give holders the option to buy or sell them, thus altering future cash flows. Potential mismatches on the balance sheet pose a risk since cash flows may have to be reinvested at an interest rate that is potentially lower (assets) or higher (liabilities).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Underwriting risk is the possibility that the bank will have to hold part of a debt issue it has underwritten or agreed to place if it cannot all be placed among potential buyers.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Balance sheet liquidity risk (unlike market liquidity risk) is the possibility of loss caused by forced disposal of assets or cash flow imbalance if the bank meets its payment obligations late or at excessive cost. It can cause losses by forced asset sales or impacts on margins due to the mismatch between expected cash inflows and outflows.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Pension and actuarial risks (explained at the end of this section) also depend on market variables.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander aim to comply with the </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:121%">Basel Committee’s Fundamental Review of the Trading Book</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"> (FRTB) and the EBA’s Guidelines on the management of interest rate risk arising from non-trading book activities. The purpose of several projects Grupo Santander runs is to provide risk control managers and teams with the best market risk management tools under the right governance framework for the models Grupo Santander uses for metric reporting; and to comply with regulation on the risks mentioned above.</span></div></div>. Trading market risk management<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Setting market risk limits in a dynamic process according to the risk appetite in the annual limits plan prepared by senior management and extended to all subsidiaries. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The standard methodology for risk management and control in trading, measures the maximum expected loss with a specific level of confidence and time frame. The standard for historical simulation is a confidence level of 99% over one day. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander applies statistical adjustments efficiently to incorporate recent developments affecting our levels of risk. Our time frame is two years or at least 520 days from the reference date of the VaR calculation.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The balance sheet items in the Group’s consolidated position that are subject to market risk are shown below, distinguishing those positions for which the main risk metric is VaR from those for which risk monitoring is carried out using other metrics:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:50.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.939%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Risk metric values on the consolidated balance sheet</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;text-align:justify"><span><br/></span></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;text-align:justify"><span><br/></span></div></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Main market risk metric</span></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;text-align:justify"><span><br/></span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance sheet amount</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">VaR</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Main risk factor for 'Other' balance</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets subject to market risk</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash, cash balances at central banks and other deposits on demand</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">220,342 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">220,342 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets held for trading</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">176,921 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">176,921 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-trading financial assets mandatorily at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,910 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,068 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,842 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate, spread</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets designated at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,773 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,360 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,413 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate, spread</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets designated at fair value through other comprehensive income</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">83,308 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,761 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">81,547 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate, spread</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets at amortized cost</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,191,403 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,191,403 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate, spread</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Hedging derivatives</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,297 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,297 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate, exchange rate</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of hedged items in portfolio hedges of interest risk</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(788)</span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(788)</span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other assets</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">104,896 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total assets</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,797,062</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities subject to market risk</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities held for trading</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">122,270 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">122,270 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities designated at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,367 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">450 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39,917 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate, spread</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities at amortized cost</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,468,703 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,468,703 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate, spread</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Hedging derivatives</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,656 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,656 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate, exchange rate</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of hedged items in portfolio hedges of interest rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">55 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">55 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other liabilities</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53,770 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #7ea8be;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total liabilities</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,692,821</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Equity</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">104,241</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The following table displays the latest and average VaR values at 99% by risk factor over the last three years. It also shows the minimum and maximum VaR values in 2023 and 97.5% ES at the end of December 2023:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:22.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.196%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.196%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.201%"></td><td style="width:0.1%"></td></tr><tr><td colspan="36" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:justify"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">VaR statistics and expected shortfall by risk factor</span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:5.85pt;font-weight:700;line-height:105%;position:relative;top:-3.15pt;vertical-align:baseline">A</span></div></td></tr><tr><td colspan="36" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million. VaR at 99% and ES at 97.5% with one day time horizon</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;text-align:justify"><span><br/></span></div></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;text-align:justify"><span><br/></span></div></td><td colspan="12" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">VaR (<span id="i1efacf7c900f4fe0b35545b7ea34bc14"></span>99%)</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">ES (<span id="i3b7804e490e14d37a2345a1e67473313"></span>97.5%)</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">VaR</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">VaR</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;text-align:justify"><span><br/></span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:center"><span id="i3ab970bd537e4696abb76a41d437d034"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Min</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:center"><span id="ic79fd9a83298479db747de6470e9a82d"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Average</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:center"><span id="ib8a1b5f507f24158abf87214ca6a82ec"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Max</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:center"><span id="i87909b549a19449286fcc7ffafb275f2"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Latest</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Latest</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Average</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Latest</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Average</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Latest</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total Trading</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19.3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14.1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11.6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12.3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Diversification effect</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8.5)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14.9)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(27.3)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(17.1)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(18.9)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14.6)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(15.5)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12.9)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13.4)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.9 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20.3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.6 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.9 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.6 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equities</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.4 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.0 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.4 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.8 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.9 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.8 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.6 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.7 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.7 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.4 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.9 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.4 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.8 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.8 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Commodities</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.7 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.6 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.6 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.0 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.7 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.7 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total Europe</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6.6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9.4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11.8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11.1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9.3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9.9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Diversification effect</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5.3)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10.5)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(21.6)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13.8)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14.9)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10.4)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14.2)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9.3)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12.6)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.6 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16.5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.7 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equities</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.8 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.8 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.6 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.8 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.7 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.4 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.8 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.7 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.4 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.9 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.4 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.8 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.8 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Commodities</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.2 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.6 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.3 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.3 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #c3dee7;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total North America</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1.8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6.4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Diversification effect</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.3)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.7)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.6)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.5)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.5)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.8)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.1)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.7)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.6)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.8 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.7 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.0 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.0 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.7 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.7 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equities</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.0 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.0 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.1 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.0 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate</span></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.3 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.8 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.8 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.0 </span></td><td style="border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.6 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.6 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total South America</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7.3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13.3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5.9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6.3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Diversification effect</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.3)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6.2)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14.2)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6.6)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7.6)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5.0)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4.2)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4.9)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5.1)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.3 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.6 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.6 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.4 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.0 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.8 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equities</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.0 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.4 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.7 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.4 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.6 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.7 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.0 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.0 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.9 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.7 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.9 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.8 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.8 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Commodities</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.7 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.6 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.2 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.6 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.5pt solid #c3dee7;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.0 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.5pt solid #c3dee7;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.7 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.3 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.3 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.7 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:15pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A. In South and North America, VaR levels of credit spreads and commodities are not shown separately due to their low or null materiality.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">VaR at the end of December was slightly higher (EUR 1.9 million) compared to the end of 2022, reflecting the spike in market volatility after the latest meetings of the main Central Banks, albeit generally less volatile this year than previous one. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In 2023, average VaR </span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">(EUR 11.7 million) was lower than 2022 </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">for all risk factors except exchange rate, which was slightly higher. Temporary VaR increases owe more to short-term price volatility than to significant changes in positions.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">By region, average VaR fell mainly in Europe (in almost every risk factor), while the slight increase in North America was due to interest rates.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="ia187f7cd160342078b915ee982ae2aa6"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">Backtesting</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Actual losses can differ from predicted losses because of the VaR’s limitations. Grupo Santander measures the accuracy of the VaR calculation model to make sure it is reliable. The most important tests Grupo Santander runs involve backtesting:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Backtesting of hypothetical P/L and of the entire trading book an exception was observed (daily loss greater than the VaR) on 13 of March, as a consequence of market volatility coinciding with events related to some regional American banks. Regarding to 99% VaE, an exception (daily profit higher than VaE) was observed on 13 of December as a result of the devaluation of the Argentine peso.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">The exceptions observed in the past year are consistent with the assumptions of the VaR calculation model.</span></div></div></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ida3c48ead2df4804a874b5006d840765_5152"></span><span id="i488e38ef634b4a55864777cbfb4ef49e"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">IBOR reform</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Since 2013, different supranational organizations and authorities (IOSCO and FSB) have promoted and monitored initiatives aimed at carrying out reforms to strengthen interest rate indices. The main objective was to facilitate the transition to the risk-free indices identified in different jurisdictions, highlighting the SONIA index as a replacement for the LIBOR references in pounds, the SOFR for the LIBOR in dollars, and the €STR for the LIBOR in euros.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In this sense and as a result of the joint effort of authorities and market participants, this transition process has been materialized in different milestones during the period between 2019 and 2023, pending, according to the regulatory milestones of the transition, the terms of the 3-month pound LIBOR, and the 1-month, 3-month and 6-month dollar LIBOR, which will continue to be published under a synthetic methodology until the end of March and September 2024, respectively, dates from which publication will cease permanently.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The Group has carried out the operational and technological changes necessary to undertake the transition of these reference indices, with the book amount of financial assets and liabilities as of December 31, 2023 that continue to be referenced to the benchmarks being non-significant. pending transition indices.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i10d9e6bc591a41a89519282462f47ad6"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">3. Structural balance sheet risks</span></div><div style="margin-bottom:3pt;margin-top:3pt"><span id="i8b3087a01fef4572938ff49850a32fe1"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">3.1. Main aggregates and variations</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Consistent with previous years, the market risk profile of Grupo Santander’s balance sheet remained moderate in 2022 in terms of asset, shareholders’ equity and NII volumes. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Each subsidiary’s finance division manages interest rate risk from commercial banking and is responsible for handling structural risk from interest rate fluctuations. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">To measure interest rate risk, Grupo Santander uses statistical models based on strategies to mitigate structural risk with interest-rate instruments (such as bonds and derivatives) to keep risk profile within risk appetite.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The NII and EVE sensitivities below are based on scenarios of parallel interest rate movements from -100 to +100 basis points.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i25992ae6cf0f49f9900c9b78038c64c9"></span><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">Structural VaR</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">With such a homogeneous metric as VaR, Grupo Santander can fully monitor market risk in the banking book (excluding SCIB trading activity). The Bank differentiates fixed income based on interest rates and credit spreads in ALCO portfolios, FX rates and shares.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In general, the structural VaR of Grupo Santander tota</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">l assets and equity is minor</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">.</span></div><div style="margin-bottom:3pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:23.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.941%"></td><td style="width:0.1%"></td></tr><tr><td colspan="27" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Structural VaR</span></td></tr><tr><td colspan="27" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million. Structural VaR 99% with a temporary horizon of one day.</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="6" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="6" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Min</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Average</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Max</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Latest</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Average</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Latest</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Average</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Latest</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Structural VaR</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">552.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">705.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">914.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">749.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">664.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">538.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">993.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,011.9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Diversification effect</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(368.7)</span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(416.6)</span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(422.2)</span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(444.7)</span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(417.1)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(422.4)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(327.3)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(240.2)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">VaR Interest Rate</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">273.3 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">348.4 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">478.0 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">380.2 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">350.8 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">304.5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">400.7 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">287.8 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">VaR Exchange Rate</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">477.0 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">580.4 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">661.1 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">642.9 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">493.4 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">461.0 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">600.6 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">655.2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">VaR Equities</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">171.1 </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">192.8 </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">197.6 </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">171.1 </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">236.9 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">195.4 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">319.7 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">309.1 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:18pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt"> Includes credit spread VaR on ALCO portfolios.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i107569efc6d049c0bbd721305a948a89"></span><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">Structural interest rate risk</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Europe </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At the end of December, the net interest income (NII) of our main balance sheets showed positive sensitivities to increases in interest rates. On the same date, in the case of the economic value of equity (EVE), it showed negative sensitivity to increases in interest rates in the case of the UK and positive sensitivity in the case of Spain in the same scenario.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At the end of December, under the scenarios previously described, significant risk of NII sensitivity to the euro amounted to EU</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">R 886.2 million; to the pound sterling, EUR 245.8 million; to the US dollar, EUR 99.4 million; and to the Polish złoty, EUR 24 million, all with risk of rate cuts.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Significant risk of EVE sensitivity to yield curves of the euro was EUR 391.9 million; of the pound sterling, EUR 392.1 million; of the US dollar, EUR 364.3 million euros; and of the Polish złoty, EUR 176.4 million euros, mostly with risk of rate cuts.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Exposure was moderate in relation to annual budget and capital levels in 2023. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="background-color:#ffffff;color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">North America</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At the end of December, sensitivity of NII on our North America balance sheet to interest rate hikes was positive, while EVE sensitivity was negative.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Exposure was moderate in relation to annual budget and capital levels in 2023.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At the end of December, significant risk to NII was mainly in the US and amounted to EUR 117 million.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The most significant r</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">isk to EVE was in the US and amounted to EUR 786 million.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="background-color:#ffffff;color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">South America</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">EVE and NII on our main South American balance sheets are positioned for interest rate cuts.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Exposure in all countries was moderate in relation to the annual budget and capital levels in 2023.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At the end of December, most significant risk to NII was mainly in Chile (EUR 36 million) and in Brazil (EUR 141 million).</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Most significant risk to EVE was recorded in Chile (EUR 255 million) and in Brazil (EUR 360 million).</span></div><div style="margin-top:9pt"><span id="ie739cc2c45fb40fab7472644533c627a"></span><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">Structural foreign currency rate risk/results hedging</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander's structural FX risk stems mainly from the income and hedging of foreign currency transactions for permanent financial investments. In the dynamic management of this risk, Grupo Santander aims to limit the impact of FX rate movements on the core capital ratio. In 2023, the hedged of the different currencies that have an impact on our core capital ratio was close to 100%.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In December 2023, our permanent exposures (with potential impact on shareholders’ equity) were, from largest to smallest, in US dollars, Brazilian reais, British pounds sterling, Mexican pesos, Chilean pesos and Polish złoty.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander uses FX derivatives to hedge part of those permanent positions. The Finance division manages FX risk and hedging for the expected profits and dividends of subsidiaries whose base currency is not the euro.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i839dd125357144569f524d2a96623dd7"></span><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">Structural equity risk</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander holds equity positions in its banking and trading books. They are either equity instruments or stock, depending on the share of ownership or control. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At the end of December 2023, the equities and shareholdings in the banking book were diversified among Spain, China, Morocco, Poland and other countries. Most of them invest in the financial and insurance sectors. Grupo Santander has minor equity exposure to property and other sectors.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Structural equity positions are exposed to market risk. The Group calculates its VaR with a set of market prices and proxies. At the end of the year 2023, VaR at a 99% confidence level over a one-day horizon was</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"> EUR 171 million</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"> (EUR 195 million and EUR 309 million in 2022 and 2021, respectively. </span></div></div></div><div style="margin-top:9pt"><span id="i17a5e20cffd346b893c36ada7a21e787"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">3.2. Methodologies</span></div><div style="margin-bottom:3pt;margin-top:3pt"><span id="i1b09e1412f9a42e389d3e3b8bbf90921"></span><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">Structural interest rate risk</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander measures the potential impact of interest rate movements on EVE and NII. Because changing rates may generate impacts, Grupo Santander must manage and control many subtypes of interest rate risk, such as repricing risk, curve risk, basis risk and option risk (e.g. behavioural or automatic).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Interest rate risk in the balance sheet and market conditions and outlooks could necessitate certain financial measures to achieve Grupo Santander's desired risk profile (such as selling positions or setting interest rates on products Grupo Santander markets). </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The metrics Grupo Santander uses to monitor IRRBB include NII and EVE sensitivity to interest rate movements.</span></div><div style="margin-bottom:3pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:700;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%;padding-left:2.93pt">Net interest income sensitivity</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Net interest income (NII) is the difference between interest income from assets and the interest cost of liabilities in the banking book over a typical one- to three-year horizon (one year being standard in Grupo Santander). Because NII sensitivity is the difference in income between a selected scenario and the base scenario, its values can be as many as considered scenarios. It enables us to see short-term risks and supplement economic value of equity (EVE) sensitivity.</span></div><div style="margin-bottom:3pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:700;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%;padding-left:2.93pt">Economic value of equity sensitivity</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Economic value of equity (EVE) is the difference between the current value of all assets minus the current value of all liabilities in the banking book. It does not include shareholders’ equity and non-interest-bearing instruments. The sensitivity of the economic value of own funds is obtained as the difference between said economic value calculated with a selected scenario and that calculated with a base scenario.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Because EVE sensitivity is the difference in EVE between a selected scenario and the base scenario, it can have as many values as considered scenarios. It enables us to see long-term risks and supplement NII sensitivity.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i95e976b228624bbbbfba6fc8a4bf5b49"></span><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">Structural exchange-rate risk/hedging of results</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Every day, Grupo Santander measures FX positions, VaR and P/L.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i7cf6582a044c4c2f9e2bf736f6e32f9d"></span><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">Structural equity risk</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander measures equity positions, VaR and P/L.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i54ca6a64d69049fb91e5871ee5b15ed8"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">4. Liquidity risk</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Structural </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:121%">liquidity management</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"> aims to fund the Group’s recurring activity optimising maturities and costs, while avoiding taking on undesired liquidity risks.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Santander’s liquidity management is based on the following principles:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Define liquidity risk and provide detailed assessments of current and emerging material liquidity risks.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Define liquidity risk metrics, review and challenge liquidity risk appetite and limits on first line of defence proposals.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Evaluates and challenges commercial/business proposals; It provides senior management and business units with the necessary elements to understand the liquidity risk of Santander's businesses and operations.</span></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Supervise the liquidity risk management of the first line of defence and assess the permanence of businesses within the limits of liquidity risk.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Reports on compliance with risk appetite limits and exceptions, if any, to governing bodies.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Provides a consolidated view of liquidity risk exposures and liquidity risk profile.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Confirms the existence of adequate liquidity procedures to manage the business within the limits of risk appetite.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The effective application of these principles by all institutions comprising the Group required the development of a unique management framework built upon three fundamental pillars:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">A solid organisational and governance model that ensures the involvement of the subsidiaries’ senior management in decision-taking and its integration into the Group’s global strategy. The decision-making process for all structural risks, including liquidity and funding risk, is carried out by local Asset and Liability Committees (ALCOs) in coordination with the global ALCO, which is the body empowered by the Bank's board in accordance with the corporate Asset and Liability Management (ALM) framework.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">This governance model has been reinforced as it has been included within Santander's Risk Appetite Framework. This framework meets demands from regulators and market players emanating from the financial crisis to strengthen banks’ risk management and control systems.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">In-depth balance sheet analysis and measurement of liquidity risk, supporting decision-taking and its control. The Group objective is to maintains adequate liquidity levels necessary to cover its short- and long-term needs with stable funding sources, optimising the impact of their costs on the income statement. Grupo Santander’s liquidity risk management processes are contained within a conservative risk appetite framework established in each geographic area in accordance with its commercial strategy. This risk appetite establishes the limits within which the subsidiaries can operate in order to achieve their strategic objectives.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:700;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Management adapted in practice to the liquidity needs of each business. Every year, based on business needs, a liquidity plan is developed which seeks to achieve:</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:3.44pt">a solid balance sheet structure, with a diversified presence in the wholesale markets;</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:3.44pt">the use of liquidity buffers and limited encumbrance of assets;</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:3.44pt">compliance with both regulatory metrics and other metrics included in each entity’s risk appetite statement.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Over the course of the year, all dimensions of the plan are monitored.</span></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander continues to develop the ILAAP (Internal Liquidity Adequacy Assessment Process), an internal self-assessment of liquidity adequacy which must be integrated into the Group’s other risk management and strategic processes. It focuses on both quantitative and qualitative matters and is used as an input to the SREP (Supervisory Review and Evaluation Process). The ILAAP evaluates the liquidity position both in ordinary and stressed scenarios.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i5662a1d12a274c3eb63fdbb75d082ee8"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">i.<span id="id3d29e557b5f476381048a49d2ee6908_12314"></span> Liquidity risk measurement</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander uses the Basel regulatory definition and calculates a set of metrics and stress scenarios in relation to intraday liquidity risk to maintain a high level of management and control. On the one hand, the regulatory liquidity metrics (LCR, NSFR) are prepared following the regulatory criteria established in the CRR-II and CRD IV. Regarding internal metrics, liquidity scenarios are determined using a combination of behavioral observation in actual liquidity crises occurred at other banks, regulatory assumptions and expert judgment.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="iedd9cac802804adba98eab4b1f7d8839"></span><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">a) Liquidity Coverage Ratio (LCR)</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The liquidity coverage ratio (LCR) is a regulatory metric. Its purpose is to promote the short-term resilience of a bank’s liquidity profile and make sure it has enough high-quality liquid assets to withstand a considerable idiosyncratic or market stress scenario over 30 calendar days.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ib68d810f5ea74839b78bd126ee176461"></span><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">b) Net Stable Funding Ratio (NSFR)</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The net stable funding ratio (NSFR) is a regulatory metric we use to measure long-term liquidity risk. It is the ratio of available stable funding to required stable funding. It requires banks to keep a robust balance sheet, with off-balance-sheet assets and operations financed by stable liabilities.</span></div><div style="margin-top:9pt"><span id="i46b55b41f6ba4a588b99708c939c2468"></span><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">c) Liquidity buffer</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The liquidity buffer is the total liquid assets a bank has to cope with cash outflows during periods of stress. The assets are free of encumbrances and can be used immediately to generate liquidity without losses or excessive discounts. The liquidity buffer is a tool for calculating most liquidity metrics. It is also a metric with defined limits for each subsidiary.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i856902b689954bd793bd319d33f5e570"></span><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">d) Wholesale liquidity metric</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The wholesale liquidity metric measures the number of days Grupo Santander would survive if it used liquid assets to cover lost liquidity from a wholesale deposit run-off (without possible renewal) over a set time horizon. Grupo Santander also uses it as an internal short-term liquidity metric to reduce risk from dependence on wholesale funding.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i28b5d7ae55394040b695cd2c72f006c9"></span><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">e) Asset Encumbrance metrics</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander calculates two metrics to measure asset encumbrance risk. On the one hand, the asset encumbrance ratio gives the proportion of encumbered assets to total assets; on the other, the structural asset encumbrance ratio gives the proportion of encumbered assets by structural funding transaction (namely long-term collateralized issues and credit transactions with central banks).</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i4a044745acfa4de08fa81890e0c1285f"></span><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">f) Other additional liquidity indicators</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In addition to traditional tools to measure short and long-term liquidity and funding risk, Grupo Santander has a set of additional liquidity indicators to complement those and to measure other non-covered liquidity risk factors. These include concentration metrics, such as the main and the five largest funding counterparties, or the distribution of funding by maturity. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In this sense, deposits do not show a tendency towards concentration, maintaining a stable structure at 31 December 2023, where approximately 75% are transactional and more than 80% of retail deposits are insured by deposit guarantee systems of the different countries.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i5b78801fe1034bed9faa6aba8e2224b1"></span><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">g) Liquidity scenario analysis</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:107%">As liquidity stress tests, four standard scenarios have been defined:</span></div><div><span><br/></span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">i.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:6.94pt">An idiosyncratic scenario of events detrimental only to Santander;</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">ii.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:4.81pt">a local market scenario of events highly detrimental to a base country’s financial system or real economy;</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">iii.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.68pt">a global market scenario of events highly detrimental to the global financial system; and</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">iv.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.72pt">combined scenario consisting of a combination of more severe idiosyncratic and market events (local and global) occurring simultaneously and interactively. </span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">v.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:4.85pt">climate scenarios where different stress cases derived from the effects that climate change could have on the economy are collected.</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander uses these stress test outcomes as tools to determine risk appetite and support business decision-making.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i99feaf608f2b4721ae18acb6ba85de3f"></span><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">h) Liquidity early warning indicators</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The system of early warning indicators (EWI) consists of quantitative and qualitative liquidity indicators that help predict stress situations and weaknesses in the funding and liquidity structure of Grupo Santander entities. External indicators relate to market-based financial variables; internal indicators relate to our own performance.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ica1e5753525748abbab9890a3728f658"></span><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">i) Intraday liquidity metrics</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander follows Basel regulation and calculates several metrics and stress scenarios for intraday liquidity risk to maintain a high level of control.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i56b134ba2af94f138b26254b3afc70a3"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">ii. Liquidity coverage ratio and net stable financing ratio</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">As regards the liquidity coverage ratio (LCR), the regulatory requirement for this ratio, set at 100%, has been at its maximum level since 2018. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Below is a breakdown of the composition of the Group's liquid assets under the criteria set out in the supervisory prudential reporting (Commission Implementing Regulation (EU) 2017/2114 of 9 November 2017) for the determination of high quality liquid assets for the calculation of the LCR ratio (HQLA):</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:47.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.183%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.183%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.186%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Amount weighted applicable</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Amount weighted applicable</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Amount weighted applicable</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">High-quality liquid assets-HQLAs</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Cash and reserves available at central banks</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">217,935 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">127,285 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">206,507 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Marketable assets Level 1</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">119,043 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">177,887 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">81,925 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Marketable assets Level 2A</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,236 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,308 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,422 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Marketable assets Level 2B</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,814 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,562 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,446 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total high-quality liquid assets</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">348,028</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">312,042</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">297,300</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In relation to the net stable funding ratio (NSFR), its definition was approved by the Basel Committee in October 2014. The transposition of this requirement to the European regulation took place in June 2019 with the publication in the Official Gazette of the European Union of Regulation (EU) 2019/876 of the European Parliament and of the Council of 20 May 2019. The Regulation establishes that entities must have a net stable financing ratio, as defined in the Regulation, higher 100% from June 2021. The liquidity coverage ratio, broken down by component, and the net stable funding ratio for the Group at year-ends 2023, 2022 and 2021are presented below:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:53.838%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.023%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.023%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.716%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million </span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">High-quality liquid assets-HQLAs (numerator)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">348,028 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">312,042 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">297,300 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total net cash outflows (denominator)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">209,892 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">204,759 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">181,953 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Cash outflows</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">282,982 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">270,748 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">233,294 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Cash inflows</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">73,090 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">65,989 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">51,341 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">LCR ratio (%)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">166</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">152</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">163</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">NSFR ratio (%)</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">123</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">121</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">126</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">As regards the funding structure, given the predominantly commercial nature of the Group's balance sheet, the loan portfolio is mainly financed by customer deposits. Note 22, 'Debt securities', shows the composition of these liabilities based on the basis of their nature and classification, the movements and maturity profile of the debt securities issued by the Group, reflecting the strategy of diversification by products, markets, issuers and maturities followed by the Group in its approach to wholesale markets. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The movement in the composition of the buffer between “Level 1 marketable assets” to “Cash and reserves available at central banks” corresponds to a change in criteria in the classification of deposits with the Central Bank, at the request of the regulator.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In the last quarter of 2022, Grupo Santander began to repay in advance a significant part of the financing received under the TLTRO-III program launched by the European Central Bank, which originally matured in 2023. The replacement of these funds has been carried out after having strengthened the balance sheet through a combination of growth in customer deposits, an increase in short-term instruments and greater activity in medium and long-term issuances, which has allowed Grupo Santander to maintain liquidity coverage ratios (LCR ) and net stable funding (NSFR) at prudent levels after the repayment.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i869bdd2a4de049e9a8969f46b4def0b6"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:110%">iii. Asset encumbrance</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Finally, the moderate use of assets by Grupo Santander as collateral in the sources of structural financing of the balance sheet should be highlighted.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In accordance with the guidelines established by the European Banking Authority (EBA) in 2014 on committed and uncommitted assets, the concept of assets committed in financing transactions (asset encumbrance) includes both on-balance sheet assets provided as collateral in transactions to obtain liquidity and off-balance sheet assets that have been received and reused for similar purposes, as well as other assets associated with liabilities for reasons other than financing.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The residual maturities of the liabilities associated with the assets and guarantees received and committed are presented below, as of 31 of December of 2023 (EUR thousand million):</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:12.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.574%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Residual maturities of the liabilities</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Unmatured</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><=1month</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">>1 month<br/><=3 months</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">>3 months<br/><=12 months</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">>1 year<br/><=2 years</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">>2 years<br/><=3 years</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 years<br/><=5 years</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5 years<br/><=10 years</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">>10 years</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Committed assets</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40.8 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49.3 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21.6 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39.7 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40.8 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27.9 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">55.0 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17.4 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.8 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">306.3 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Guarantees received committed</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31.6 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">72.3 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17.6 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.0 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.2 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.5 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.6 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">138.8 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The reported Group information as required by the EBA at 2023 year-end is as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:31.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.643%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">On-balance-sheet encumbered assets</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR billion</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Carrying amount of encumbered assets</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value of encumbered assets</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value of non-encumbered assets</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Carrying amount of non-encumbered assets</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">186.4 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,172.2 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.4 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.4 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">86.8 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">87.6 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">156.4 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">156.1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other assets</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23.7 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebebeb;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">150.6 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebebeb;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total assets</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">306.3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebebeb;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,490.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebebeb;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td></tr></table></div><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:38.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:28.220%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:29.766%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Encumbrance of collateral received</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR billion</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value of encumbered collateral received or own debt securities issued</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value of collateral received or own debt securities issued available for encumbrance</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Collateral received</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">138.8 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51.3 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.1 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.7 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">132.2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42.5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other collateral received</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Own debt securities issued other than own covered bonds or ABSs</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1.9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:38.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:28.220%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:29.766%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Encumbered assets and collateral received and matching liabilities</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR billion</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Matching liabilities, contingent liabilities or securities lent</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets, collateral received and own debt securities issued other than covered bonds and ABSs encumbered</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total sources of encumbrance<br/>(carrying amount)</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">330.6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">445.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">On-balance-sheet encumbered assets amounted to EUR 306,300 million, of which 61% are loans (mortgage loans, corporate loans, etc.). Guarantees received committed amounted to EUR 138,800 million, relating mostly to debt securities received as security in asset purchase transactions and re-used. </span></div></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Taken together, these two categories represent a total of EUR 445,200 million of encumbered assets, which give rise to EUR 330,600 million matching liabilities.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">As of December 2023, total asset encumbrance in funding operations represented 22.4% of the Group’s extended balance sheet under EBA criteria (total assets plus guarantees received: EUR 1,987,100 million), as of December 2022.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i87a8100889ae441ba4b1b16c9dc7a778"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">d) Capital risk</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In the second line of defence, capital risk management can independently challenge business and first-line activities by:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Supervising capital planning and adequacy exercises through a review of the main components affecting the capital ratios.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Identifying key metrics to calculate the Group’s regulatory capital, setting tolerance levels and analysing significant variations, as well as single transactions with impact on capital.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Reviewing and challenging the execution of capital actions proposed in line with capital planning and risk appetite.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander commands a sound solvency position, above the levels required by regulators and by the European Central bank.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ifb681e880325434abf4e3a4459205b80"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">Regulatory capital</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At 1 January 2024, at a consolidated level, the Group must maintain a minimum capital ratio of 9.60% of CET1 (4.50% being the requirement for Pillar I, 0.98% being the requirement for Pillar 2R (requirement), 2.50% being the requirement for capital conservation buffer, 1.25% being the requirement for global systemically entity (G-SIB) and 0.37% being the requirement for anti-cyclical capital buffer). </span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander must also maintain a minimum capital ratio of 11.42% of tier 1 and a minimum total ratio of 13.86%.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">In 2023, the solvency target set was achieved. Santander’s CET1 ratio stood at 12.30%</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:121%;position:relative;top:-3.15pt;vertical-align:baseline">1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"> at the close of the year, demonstrating its organic capacity to generate capital. The key regulatory capital figures are indicated below: </span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.474%"><tr><td style="width:1.0%"></td><td style="width:53.389%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.070%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.070%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.071%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Reconciliation of accounting capital with regulatory capital</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2020</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Subscribed capital</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,092 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,397 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,670 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Share premium account</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,373 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46,273 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47,979 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Reserves</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">69,278 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62,111 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">56,606 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Treasury shares</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,078)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(675)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(894)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Attributable profit</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,076 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,605 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,124 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Approved dividend</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,298)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(979)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(836)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Shareholders’ equity on public balance sheet</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">130,443</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">124,732</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">119,649</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Valuation adjustments</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(35,020)</span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(35,628)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(32,719)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,818 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,481 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,123 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total Equity on public balance sheet</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">104,241</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">97,585</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">97,053</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Goodwill and intangible assets</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(17,313)</span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(17,272)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16,132)</span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Eligible preference shares and participating securities</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,002 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,831 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,050 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Accrued dividend</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,471)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(942)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(895)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other adjustments</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8,717)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,169)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7,624)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Tier 1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">85,742</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">83,033</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">82,452</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%"> </span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Fundamentally for non-computable non-controlling interests and deductions and reasonable filters in compliance with CRR.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.48pt">Figures calculated by applying the transitional provisions of IFRS 9.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.7pt">Assumes 25% of ordinary profit, see note 4.a for proposed distribution of results.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Note: Certain figures presented in this capital note have been rounded for ease of presentation. Consequently, the amounts corresponding to the rows or columns of totals in the tables presented in this note may not coincide with the arithmetic sum of the concepts or items that make up the total.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ffffff;font-family:'Santander Text',sans-serif;font-size:4.55pt;font-weight:400;line-height:115%;position:relative;top:-2.44pt;vertical-align:baseline">1</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The following table shows the capital coefficients and a detail of the eligible internal resources of the Group:</span></div><div style="margin-bottom:12pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:50.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.949%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.949%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.951%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Capital coefficients</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Level 1 ordinary eligible capital (EUR million)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">76,741 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">74,202 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">72,402 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Level 1 additional eligible capital (EUR million)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,002 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,831 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,050 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Level 2 eligible capital (EUR million)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,497 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,359 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,865 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Risk-weighted assets (EUR million)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">623,731 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">609,266 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">578,930 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Level 1 ordinary capital coefficient (CET 1)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.30 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.18 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.51 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Level 1 additional capital coefficient (AT1)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.45 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.45 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.73 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Level 1 capital coefficient (TIER1)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.75 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.63 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14.24 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Level 2 capital coefficient (TIER 2)</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.64 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.36 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.57 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total capital coefficient</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16.39</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15.99</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16.81</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr></table><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:121%"> </span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:45.504%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.109%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.492%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.495%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Eligible capital</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#424242;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Eligible capital</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Common Equity Tier I</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">76,741</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">74,202</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">72,402</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Capital</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,092 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,397 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,670 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(-) Treasure shares and own shares financed</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,847)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(60)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(966)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Share Premium</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,373 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46,273 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47,979 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Reserves</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">68,721 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62,246 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">58,157 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other retained earnings</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(35,038)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(37,439)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(34,784)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Minority interests</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,899 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,416 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,736 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Profit net of dividends</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,307 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,684 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,394 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deductions</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(21,766)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(20,315)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(19,784)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Goodwill and intangible assets</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(17,220)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(17,182)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(16,064)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> Others</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(4,546)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(3,133)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(3,720)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Additional Tier I</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,002</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,831</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,050</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Eligible instruments AT1</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,461 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,344 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,102 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">AT1-excesses-subsidiaries</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">541 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">487 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(52)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Tier II</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,497</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,359</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,865</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Eligible instruments T2</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,101 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,770 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,424 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Excess IRB provision on PE</span></div></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">76 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">75 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">T2-excesses - subsidiaries</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(680)</span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(411)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(634)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total eligible capital</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">102,240</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">97,392</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">97,317</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Note: Banco Santander, S.A. and its affiliates had not taken part in any State aid programmes.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i67a22927f43d45ca9248216f855e7af0"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">Leverage ratio</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Basel III established the leverage ratio as a non-risk sensitive measure aimed at limiting excessive balance sheet growth relative to available capital.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The Group performs the calculation in accordance with Regulation (EU) 2019/876 of 20 May 2019 amending Regulation (EU) No 575/2013 as regards the leverage ratio.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">This ratio is calculated as tier 1 capital divided by leverage exposure. Exposure is calculated as the sum of the following items:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Accounting assets, excluding derivatives and items treated as deductions from tier 1 capital (for example, the balance of loans is included, but not that of goodwill) further excluding the exposures referred to in Article 429.a (1) of the regulation.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Off-balance-sheet items (mainly guarantees, unused credit limits granted and documentary credits) weighted using credit conversion factors.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Inclusion of net value of derivatives (gains and losses are netted with the same counterparty, minus collaterals if they comply with certain criteria) plus a charge for the future potential exposure.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">A charge for the potential risk of security funding transactions.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#7ea8be;font-family:'Santander Text ExtraBold',sans-serif;font-size:9pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%;padding-left:2.93pt">Lastly, it includes a charge for the risk of credit derivative swaps (CDS).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">With the publication of Regulation (EU) 2019/876 of 20 May, 2019, amending Regulation (EU) n.º 575/2013 as regards the leverage ratio, the final calibration of the ratio is set at 3% for all entities and, for systemic entities G-SIB, is established an additional surcharge which will be 50% of the cushion ratio applicable to the EISM, applicable from January 2023. In addition, modifications are included in its calculation, including the exclusion of certain exposures from the total exposure measure: public loans when exceptional circumstances arise, public loans, transfer loans and officially guaranteed export credits, transfer loans and officially guaranteed export credits.</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:40.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.346%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Leverage</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Level 1 Capital</span></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">85,742 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">83,033 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">82,452 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exposure</span></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,826,922 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,750,626 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,536,516 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Leverage Ratio</span></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.69 </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.74 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.37 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i98c1bf8f22b94db9bdddc333b058e0ee"></span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:10pt;font-weight:400;line-height:110%">Global systemically important banks</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Grupo Santander is one of 29 banks designated as global systemically important banks (G-SIBs).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The designation as a globally systemic entity comes from a measurement established by the regulators (FSB and BCBS) that they have implemented based on five indicators (size, interjurisdictional activity, interconnection with other financial entities, substitutability and complexity). The application methodology has been modified in December 2021, incorporating, among other things, an additional score considering the Member States of the SRM as a single jurisdiction.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">This definition means it has to fulfil certain additional requirements, which consist mainly of a capital buffer (1%), in TLAC requirements (total loss absorbing capacity), that Grupo Santander has to publish relevant information more frequently than other banks, greater regulatory requirements for internal control bodies, special supervision and drawing up of special reports to be submitted to supervisors.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Additionally, Grupo Santander appears both on the list of global systemic entities and on the list of domestic systemic entities. Bank of Spain, based on rule 23 of Circular 2/2016, requires the application of the highest of the two corresponding buffers, in the case of Grupo Santander being the domestic one, 1.25%, a surcharge payable by 2024.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The fact that Grupo Santander has to comply with these requirements makes it a more solid bank than its domestic rivals.</span></div></div></div>
CY2023	san	Risk Management And Control Model Number Of Lines Of Defense RiskManagementAndControlModelNumberOfLinesOfDefense	3	linesofdefense
CY2023	san	Risk Management And Control Model Number Of Lines Of Defense RiskManagementAndControlModelNumberOfLinesOfDefense	3	linesofdefense
CY2023	san	Collection And Recovery Management Number Of Phases CollectionAndRecoveryManagementNumberOfPhases	4	phase
CY2023	ifrs-full	Disclosure Of Credit Risk Exposure Explanatory DisclosureOfCreditRiskExposureExplanatory	<div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Following are the main aggregates relating to credit risk from our activities with customers:</span></div><div style="margin-top:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:22.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.603%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.603%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.603%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.611%"></td><td style="width:0.1%"></td></tr><tr><td colspan="36" style="border-bottom:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Main credit risk performance metrics from activity with customers</span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:5.85pt;font-weight:700;line-height:105%;position:relative;top:-3.15pt;vertical-align:baseline">A</span></div></td></tr><tr><td colspan="36" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">December data</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span id="i595d21b3734047479c1bb34e90397af4"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit risk with customers <br/>(EUR million)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit impaired loans<br/>(EUR million)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">NPL ratio (%)</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Europe</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">624,696</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">639,996</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">636,123</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,495</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,186</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19,822</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.32</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ee2724;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.37</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.12</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">278,569</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">293,197</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">283,953</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,529</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,598</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,403</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.06 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.27 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.72 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">UK</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">247,360</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">253,455</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">262,869</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,518</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,059</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,766</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.42 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.21 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.43 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Portugal</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39,503</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41,755</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41,941</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,024</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,247</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,442</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.59 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.99 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.44 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Poland</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39,329</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33,350</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33,497</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,397</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,268</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,210</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.55 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.80 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.61 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">North America</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">190,720</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">185,614</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">149,792</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,805</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,629</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,632</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4.09</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.03</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.42</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">137,893</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">140,452</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">112,808</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,303</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,571</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,624</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.57 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.25 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.33 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">52,785</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45,107</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36,984</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,489</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,047</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,009</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.82 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.32 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.73 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">South America</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">177,380</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">167,348</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">141,874</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,142</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,381</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,387</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5.72</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6.20</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4.50</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">113,937</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">101,801</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">85,702</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,479</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,705</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,182</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.56 </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.57 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.88 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46,565</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47,811</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41,479</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,332</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,384</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,838</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.01 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.99 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.43 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Argentina</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,903</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,844</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,481</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">78</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">122</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">198</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.99 </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.08 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.61 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Digital Consumer Bank</span></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">135,608</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">125,339</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">116,989</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,877</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,583</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,490</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.12</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.06</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.13</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate Centre</span></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,494</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,824</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,337</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">301</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">894</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">903</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5.48</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15.35</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14.38</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total Group</span></td><td colspan="3" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,133,898</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,124,121</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,051,114</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">35,620</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">34,673</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">33,234</span></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.14</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#edf5f8;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.08</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.16</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Management perimeter according to the reported segments</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.48pt">Includes gross lending to customers, guarantees and documentary credits.</span></div>
CY2023Q4	san	Exposure To Credit Risk Lending Guarantees And Documentary Credits ExposureToCreditRiskLendingGuaranteesAndDocumentaryCredits	1133898000000	eur
CY2022Q4	san	Exposure To Credit Risk Lending Guarantees And Documentary Credits ExposureToCreditRiskLendingGuaranteesAndDocumentaryCredits	1124121000000	eur
CY2021Q4	san	Exposure To Credit Risk Lending Guarantees And Documentary Credits ExposureToCreditRiskLendingGuaranteesAndDocumentaryCredits	1051114000000	eur
CY2023Q4	san	Non Performing Ratio NonPerformingRatio	0.0314
CY2022Q4	san	Non Performing Ratio NonPerformingRatio	0.0308
CY2021Q4	san	Non Performing Ratio NonPerformingRatio	0.0316
CY2023Q4	san	Percentage Of Total Provisions PercentageOfTotalProvisions	0.96
CY2023Q4	san	Exposure To Credit Risk Number Of Tranches ExposureToCreditRiskNumberOfTranches	4	tranches
CY2023Q4	ifrs-full	Maximum Exposure To Credit Risk MaximumExposureToCreditRisk	953919000000	eur
CY2023	ifrs-full	Impairment Loss On Financial Assets ImpairmentLossOnFinancialAssets	22778000000	eur
CY2022Q4	ifrs-full	Maximum Exposure To Credit Risk MaximumExposureToCreditRisk	949583000000	eur
CY2022	ifrs-full	Impairment Loss On Financial Assets ImpairmentLossOnFinancialAssets	22854000000	eur
CY2021Q4	ifrs-full	Maximum Exposure To Credit Risk MaximumExposureToCreditRisk	903646000000	eur
CY2021	ifrs-full	Impairment Loss On Financial Assets ImpairmentLossOnFinancialAssets	22125000000	eur
CY2023	ifrs-full	Disclosure Of Nature And Extent Of Risks Arising From Financial Instruments Explanatory DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsExplanatory	<div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">Breakdown of the credit with mortgage guarantee to households for house acquisition, according to the percentage that the total risk represents on the amount of the latest available valuation (loan to value):</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:34.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.719%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan to value ratio</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR Million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Less than or equal to 40%</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than 40% and less than 60%</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than 60% and less than 80%</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than 80% and less than or equal to 100%</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than 100%</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross amount</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,728 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,720 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,083 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,294 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,057 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">60,882 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Of which impaired</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">131 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">192 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">199 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">151 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">235 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">908 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">At year-end, the distribution of this portfolio was as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:67.109%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:30.691%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR Million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loans: gross amount</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1. Without mortgage guarantee</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2. With mortgage guarantee</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,417 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.1 Completed buildings</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,032 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.1.1 Residential</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">642 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.1.2 Other</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">390 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.2 Buildings and other constructions under construction</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,364 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.2.1 Residential</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,292 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.2.2 Other</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">72 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.3 Land</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.3.1 Developed consolidated land</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.3.2 Other land</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,433</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The detail, by activity and geographical area of the Group's risk concentration at 31 December 2023 is as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:42.603%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.161%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="15" style="background-color:#ffffff;border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Spain</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other EU countries</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">America</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Rest of the world</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks and Credit institutions</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">379,533 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">99,186 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">69,692 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">132,573 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">78,082 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Public sector</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">215,038 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">56,158 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51,160 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">96,477 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,243 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central government</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">186,872 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,442 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45,469 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">87,217 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,744 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other central government</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28,166 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,716 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,691 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,260 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">499 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other financial institutions (financial business activity)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">158,730 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,578 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,480 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">60,321 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38,351 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-financial companies and individual entrepreneurs (non-financial business activity) (broken down by purpose)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">455,926 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">109,246 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">106,328 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">179,349 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">61,003 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Construction and property development</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,621 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,318 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,189 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,561 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,553 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Civil engineering construction</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,538 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,354 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,740 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,257 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">187 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Large companies</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">282,357 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48,777 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">61,506 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">126,207 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45,867 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">SMEs and individual entrepreneurs</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">147,410 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">54,797 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38,893 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,324 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,396 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Households – other (broken down by purpose)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">564,425 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">88,660 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">103,380 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">148,026 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">224,359 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Residential</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">352,478 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">63,294 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36,480 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47,347 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">205,357 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Consumer loans</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">192,960 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,428 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">64,084 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">94,805 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,643 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other purposes</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,987 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,938 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,816 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,874 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,359 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,773,652</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">368,828</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">375,040</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">616,746</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">413,038</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span>For the purposes of this table, the definition of risk includes the following items in the public balance sheet: 'Loans and advances to credit institutions', 'Loans and advances to Central Banks', 'Loans and advances to Customers', 'Debt securities', 'Equity Instruments', 'Trading Derivatives', 'Hedging derivatives', 'Investments and financial guarantees given'.
CY2023	san	Number Of Methods Used To Measure Exposure To Counterparty Credit Risk NumberOfMethodsUsedToMeasureExposureToCounterpartyCreditRisk	2	method
CY2023Q4	san	Forborne Loan Portfolio Amount ForborneLoanPortfolioAmount	31963000000	eur
CY2023	san	Forborne Loans Performing Criteria Number Of Days Past Due ForborneLoansPerformingCriteriaNumberOfDaysPastDue	P90D
CY2023	san	Time Horizon Value At Risk And Expected Shortfall Confidence Level Period TimeHorizonValueAtRiskAndExpectedShortfallConfidenceLevelPeriod	P1D
CY2023Q4	san	Transactional Deposits Percentage TransactionalDepositsPercentage	0.75
CY2023Q4	san	Deposit Insured With Deposit Guarantee Systems Retail Deposits Percentage DepositInsuredWithDepositGuaranteeSystemsRetailDepositsPercentage	0.80
CY2021Q4	san	Regulatory Capital Other Adjustments RegulatoryCapitalOtherAdjustments	7624000000	eur
CY2023	ifrs-full	Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Explanatory DisclosureOfMaturityAnalysisForFinancialAssetsHeldForManagingLiquidityRiskExplanatory	<div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The residual maturities of the liabilities associated with the assets and guarantees received and committed are presented below, as of 31 of December of 2023 (EUR thousand million):</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:12.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.574%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Residual maturities of the liabilities</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Unmatured</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><=1month</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">>1 month<br/><=3 months</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">>3 months<br/><=12 months</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">>1 year<br/><=2 years</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">>2 years<br/><=3 years</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 years<br/><=5 years</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5 years<br/><=10 years</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">>10 years</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Committed assets</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40.8 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49.3 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21.6 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39.7 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40.8 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27.9 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">55.0 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17.4 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.8 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">306.3 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Guarantees received committed</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31.6 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">72.3 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17.6 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.0 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.2 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.5 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.6 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">138.8 </span></td><td style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>
CY2023	ifrs-full	Description Of Managing Liquidity Risk DescriptionOfManagingLiquidityRisk	<div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:121%">The reported Group information as required by the EBA at 2023 year-end is as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:31.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.643%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">On-balance-sheet encumbered assets</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR billion</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Carrying amount of encumbered assets</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value of encumbered assets</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value of non-encumbered assets</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Carrying amount of non-encumbered assets</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">186.4 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,172.2 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebebeb;border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.4 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.4 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">86.8 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">87.6 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">156.4 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">156.1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other assets</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23.7 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebebeb;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">150.6 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebebeb;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total assets</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">306.3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebebeb;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,490.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebebeb;border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:38.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:28.220%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:29.766%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Encumbrance of collateral received</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR billion</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value of encumbered collateral received or own debt securities issued</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value of collateral received or own debt securities issued available for encumbrance</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Collateral received</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">138.8 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51.3 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.1 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.7 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">132.2 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42.5 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other collateral received</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.1 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Own debt securities issued other than own covered bonds or ABSs</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1.9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:38.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:28.220%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:29.766%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Encumbered assets and collateral received and matching liabilities</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR billion</span></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Matching liabilities, contingent liabilities or securities lent</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets, collateral received and own debt securities issued other than covered bonds and ABSs encumbered</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total sources of encumbrance<br/>(carrying amount)</span></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">330.6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">445.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:1pt solid #ec0000;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>
CY2023Q4	san	Common Equity Tier One Capital Ratio Phased In CommonEquityTierOneCapitalRatioPhasedIn	0.1230
CY2023Q4	ifrs-full	Issued Capital IssuedCapital	8092000000	eur
CY2022Q4	ifrs-full	Issued Capital IssuedCapital	8397000000	eur
CY2021Q4	ifrs-full	Issued Capital IssuedCapital	8670000000	eur
CY2023Q4	ifrs-full	Share Premium SharePremium	44373000000	eur
CY2022Q4	ifrs-full	Share Premium SharePremium	46273000000	eur
CY2021Q4	ifrs-full	Share Premium SharePremium	47979000000	eur
CY2023Q4	ifrs-full	Capital Reserve CapitalReserve	69278000000	eur
CY2022Q4	ifrs-full	Capital Reserve CapitalReserve	62111000000	eur
CY2021Q4	ifrs-full	Capital Reserve CapitalReserve	56606000000	eur
CY2023Q4	ifrs-full	Treasury Shares TreasuryShares	1078000000	eur
CY2022Q4	ifrs-full	Treasury Shares TreasuryShares	675000000	eur
CY2021Q4	ifrs-full	Treasury Shares TreasuryShares	894000000	eur
CY2023Q4	san	Profit Loss Attributable To Shareholders Of Parent ProfitLossAttributableToShareholdersOfParent	11076000000	eur
CY2022Q4	san	Profit Loss Attributable To Shareholders Of Parent ProfitLossAttributableToShareholdersOfParent	9605000000	eur
CY2021Q4	san	Profit Loss Attributable To Shareholders Of Parent ProfitLossAttributableToShareholdersOfParent	8124000000	eur
CY2023Q4	san	Interim Dividends InterimDividends	1298000000	eur
CY2022Q4	san	Interim Dividends InterimDividends	979000000	eur
CY2021Q4	san	Interim Dividends InterimDividends	836000000	eur
CY2023Q4	san	Equity Attributable To Owners Of Parent Before Valuation Adjustments EquityAttributableToOwnersOfParentBeforeValuationAdjustments	130443000000	eur
CY2022Q4	san	Equity Attributable To Owners Of Parent Before Valuation Adjustments EquityAttributableToOwnersOfParentBeforeValuationAdjustments	124732000000	eur
CY2021Q4	san	Equity Attributable To Owners Of Parent Before Valuation Adjustments EquityAttributableToOwnersOfParentBeforeValuationAdjustments	119649000000	eur
CY2023Q4	san	Other Reserves Valuation Adjustments OtherReservesValuationAdjustments	-35020000000	eur
CY2022Q4	san	Other Reserves Valuation Adjustments OtherReservesValuationAdjustments	-35628000000	eur
CY2021Q4	san	Other Reserves Valuation Adjustments OtherReservesValuationAdjustments	-32719000000	eur
CY2023Q4	ifrs-full	Noncontrolling Interests NoncontrollingInterests	8818000000	eur
CY2022Q4	ifrs-full	Noncontrolling Interests NoncontrollingInterests	8481000000	eur
CY2021Q4	ifrs-full	Noncontrolling Interests NoncontrollingInterests	10123000000	eur
CY2023Q4	ifrs-full	Equity Equity	104241000000	eur
CY2022Q4	ifrs-full	Equity Equity	97585000000	eur
CY2021Q4	ifrs-full	Equity Equity	97053000000	eur
CY2023Q4	san	Regulatory Capital Adjustment To Remove Intangible Assets And Goodwill RegulatoryCapitalAdjustmentToRemoveIntangibleAssetsAndGoodwill	17313000000	eur
CY2022Q4	san	Regulatory Capital Adjustment To Remove Intangible Assets And Goodwill RegulatoryCapitalAdjustmentToRemoveIntangibleAssetsAndGoodwill	17272000000	eur
CY2021Q4	san	Regulatory Capital Adjustment To Remove Intangible Assets And Goodwill RegulatoryCapitalAdjustmentToRemoveIntangibleAssetsAndGoodwill	16132000000	eur
CY2023Q4	san	Subordinated Liabilities Preference Shares And Preferred Securities SubordinatedLiabilitiesPreferenceSharesAndPreferredSecurities	9002000000	eur
CY2022Q4	san	Subordinated Liabilities Preference Shares And Preferred Securities SubordinatedLiabilitiesPreferenceSharesAndPreferredSecurities	8831000000	eur
CY2021Q4	san	Subordinated Liabilities Preference Shares And Preferred Securities SubordinatedLiabilitiesPreferenceSharesAndPreferredSecurities	10050000000	eur
CY2023Q4	san	Regulatory Capital Adjustment Accrued Dividend RegulatoryCapitalAdjustmentAccruedDividend	1471000000	eur
CY2022Q4	san	Regulatory Capital Adjustment Accrued Dividend RegulatoryCapitalAdjustmentAccruedDividend	942000000	eur
CY2021Q4	san	Regulatory Capital Adjustment Accrued Dividend RegulatoryCapitalAdjustmentAccruedDividend	895000000	eur
CY2023Q4	san	Regulatory Capital Other Adjustments RegulatoryCapitalOtherAdjustments	8717000000	eur
CY2022Q4	san	Regulatory Capital Other Adjustments RegulatoryCapitalOtherAdjustments	5169000000	eur
CY2023Q4	san	Ifrs Common Equity Tier One Capital IfrsCommonEquityTierOneCapital	85742000000	eur
CY2022Q4	san	Ifrs Common Equity Tier One Capital IfrsCommonEquityTierOneCapital	83033000000	eur
CY2021Q4	san	Ifrs Common Equity Tier One Capital IfrsCommonEquityTierOneCapital	82452000000	eur
CY2023	san	Regulatory Capital Adjustment Accrued Dividend Ordinary Profit Assumption Percentage RegulatoryCapitalAdjustmentAccruedDividendOrdinaryProfitAssumptionPercentage	0.25
CY2023Q4	san	Common Equity Tier One Capital Required For Capital Adequacy1 CommonEquityTierOneCapitalRequiredForCapitalAdequacy1	76741000000	eur
CY2022Q4	san	Common Equity Tier One Capital Required For Capital Adequacy1 CommonEquityTierOneCapitalRequiredForCapitalAdequacy1	74202000000	eur
CY2021Q4	san	Common Equity Tier One Capital Required For Capital Adequacy1 CommonEquityTierOneCapitalRequiredForCapitalAdequacy1	72402000000	eur
CY2023Q4	san	Tier One Capital In Excess Of Common Equity Tier One Capital TierOneCapitalInExcessOfCommonEquityTierOneCapital	9002000000	eur
CY2022Q4	san	Tier One Capital In Excess Of Common Equity Tier One Capital TierOneCapitalInExcessOfCommonEquityTierOneCapital	8831000000	eur
CY2021Q4	san	Tier One Capital In Excess Of Common Equity Tier One Capital TierOneCapitalInExcessOfCommonEquityTierOneCapital	10050000000	eur
CY2023Q4	san	Ifrs Tier Two Risk Based Capital IfrsTierTwoRiskBasedCapital	16497000000	eur
CY2022Q4	san	Ifrs Tier Two Risk Based Capital IfrsTierTwoRiskBasedCapital	14359000000	eur
CY2021Q4	san	Ifrs Tier Two Risk Based Capital IfrsTierTwoRiskBasedCapital	14865000000	eur
CY2023Q4	san	Ifrs Risk Weighted Assets IfrsRiskWeightedAssets	623731000000	eur
CY2022Q4	san	Ifrs Risk Weighted Assets IfrsRiskWeightedAssets	609266000000	eur
CY2021Q4	san	Ifrs Risk Weighted Assets IfrsRiskWeightedAssets	578930000000	eur
CY2023Q4	san	Common Equity Tier One Capital Ratio1 CommonEquityTierOneCapitalRatio1	0.1230
CY2022Q4	san	Common Equity Tier One Capital Ratio1 CommonEquityTierOneCapitalRatio1	0.1218
CY2021Q4	san	Common Equity Tier One Capital Ratio1 CommonEquityTierOneCapitalRatio1	0.1251
CY2023Q4	san	Tier One Capital In Excess Of Common Equity Tier One Capital Percentage Of Risk Weighted Assets TierOneCapitalInExcessOfCommonEquityTierOneCapitalPercentageOfRiskWeightedAssets	0.0145
CY2022Q4	san	Tier One Capital In Excess Of Common Equity Tier One Capital Percentage Of Risk Weighted Assets TierOneCapitalInExcessOfCommonEquityTierOneCapitalPercentageOfRiskWeightedAssets	0.0145
CY2021Q4	san	Tier One Capital In Excess Of Common Equity Tier One Capital Percentage Of Risk Weighted Assets TierOneCapitalInExcessOfCommonEquityTierOneCapitalPercentageOfRiskWeightedAssets	0.0173
CY2023Q4	san	Ifrs Tier One Risk Based Capital To Risk Weighted Assets IFRSTierOneRiskBasedCapitalToRiskWeightedAssets	0.1375
CY2022Q4	san	Ifrs Tier One Risk Based Capital To Risk Weighted Assets IFRSTierOneRiskBasedCapitalToRiskWeightedAssets	0.1363
CY2021Q4	san	Ifrs Tier One Risk Based Capital To Risk Weighted Assets IFRSTierOneRiskBasedCapitalToRiskWeightedAssets	0.1424
CY2023Q4	san	Ifrs Tier Two Risk Based Capital To Risk Weighted Assets IFRSTierTwoRiskBasedCapitalToRiskWeightedAssets	0.0264
CY2022Q4	san	Ifrs Tier Two Risk Based Capital To Risk Weighted Assets IFRSTierTwoRiskBasedCapitalToRiskWeightedAssets	0.0236
CY2021Q4	san	Ifrs Tier Two Risk Based Capital To Risk Weighted Assets IFRSTierTwoRiskBasedCapitalToRiskWeightedAssets	0.0257
CY2023Q4	san	Ifrs Capital To Risk Weighted Assets IFRSCapitalToRiskWeightedAssets	0.1639
CY2022Q4	san	Ifrs Capital To Risk Weighted Assets IFRSCapitalToRiskWeightedAssets	0.1599
CY2021Q4	san	Ifrs Capital To Risk Weighted Assets IFRSCapitalToRiskWeightedAssets	0.1681
CY2023Q4	san	Common Equity Tier One Capital Required For Capital Adequacy1 CommonEquityTierOneCapitalRequiredForCapitalAdequacy1	76741000000	eur
CY2022Q4	san	Common Equity Tier One Capital Required For Capital Adequacy1 CommonEquityTierOneCapitalRequiredForCapitalAdequacy1	74202000000	eur
CY2021Q4	san	Common Equity Tier One Capital Required For Capital Adequacy1 CommonEquityTierOneCapitalRequiredForCapitalAdequacy1	72402000000	eur
CY2023Q4	ifrs-full	Issued Capital IssuedCapital	8092000000	eur
CY2022Q4	ifrs-full	Issued Capital IssuedCapital	8397000000	eur
CY2021Q4	ifrs-full	Issued Capital IssuedCapital	8670000000	eur
CY2023Q4	san	Treasury Shares Held And Financed TreasurySharesHeldAndFinanced	2847000000	eur
CY2022Q4	san	Treasury Shares Held And Financed TreasurySharesHeldAndFinanced	60000000	eur
CY2021Q4	san	Treasury Shares Held And Financed TreasurySharesHeldAndFinanced	966000000	eur
CY2023Q4	ifrs-full	Share Premium SharePremium	44373000000	eur
CY2022Q4	ifrs-full	Share Premium SharePremium	46273000000	eur
CY2021Q4	ifrs-full	Share Premium SharePremium	47979000000	eur
CY2023Q4	san	Capital Reserve Common Equity Tier One Basis CapitalReserveCommonEquityTierOneBasis	68721000000	eur
CY2022Q4	san	Capital Reserve Common Equity Tier One Basis CapitalReserveCommonEquityTierOneBasis	62246000000	eur
CY2021Q4	san	Capital Reserve Common Equity Tier One Basis CapitalReserveCommonEquityTierOneBasis	58157000000	eur
CY2023Q4	san	Other Retained Earnings OtherRetainedEarnings	-35038000000	eur
CY2022Q4	san	Other Retained Earnings OtherRetainedEarnings	-37439000000	eur
CY2021Q4	san	Other Retained Earnings OtherRetainedEarnings	-34784000000	eur
CY2023Q4	san	Non Controlling Interests Common Equity Tier One Basis NonControllingInterestsCommonEquityTierOneBasis	6899000000	eur
CY2022Q4	san	Non Controlling Interests Common Equity Tier One Basis NonControllingInterestsCommonEquityTierOneBasis	7416000000	eur
CY2021Q4	san	Non Controlling Interests Common Equity Tier One Basis NonControllingInterestsCommonEquityTierOneBasis	6736000000	eur
CY2023Q4	san	Profit Loss Net Of Dividends ProfitLossNetOfDividends	8307000000	eur
CY2022Q4	san	Profit Loss Net Of Dividends ProfitLossNetOfDividends	7684000000	eur
CY2021Q4	san	Profit Loss Net Of Dividends ProfitLossNetOfDividends	6394000000	eur
CY2023Q4	san	Eligible Capital Deductions EligibleCapitalDeductions	21766000000	eur
CY2022Q4	san	Eligible Capital Deductions EligibleCapitalDeductions	20315000000	eur
CY2021Q4	san	Eligible Capital Deductions EligibleCapitalDeductions	19784000000	eur
CY2023Q4	san	Intangible Assets And Goodwill Net Of Residual Value IntangibleAssetsAndGoodwillNetOfResidualValue	17220000000	eur
CY2022Q4	san	Intangible Assets And Goodwill Net Of Residual Value IntangibleAssetsAndGoodwillNetOfResidualValue	17182000000	eur
CY2021Q4	san	Intangible Assets And Goodwill Net Of Residual Value IntangibleAssetsAndGoodwillNetOfResidualValue	16064000000	eur
CY2023Q4	san	Eligible Capital Deductions Other EligibleCapitalDeductionsOther	4546000000	eur
CY2022Q4	san	Eligible Capital Deductions Other EligibleCapitalDeductionsOther	3133000000	eur
CY2021Q4	san	Eligible Capital Deductions Other EligibleCapitalDeductionsOther	3720000000	eur
CY2023Q4	san	Tier One Capital In Excess Of Common Equity Tier One Capital TierOneCapitalInExcessOfCommonEquityTierOneCapital	9002000000	eur
CY2022Q4	san	Tier One Capital In Excess Of Common Equity Tier One Capital TierOneCapitalInExcessOfCommonEquityTierOneCapital	8831000000	eur
CY2021Q4	san	Tier One Capital In Excess Of Common Equity Tier One Capital TierOneCapitalInExcessOfCommonEquityTierOneCapital	10050000000	eur
CY2023Q4	san	Eligible Capital Eligible Instruments Additional Tier One EligibleCapitalEligibleInstrumentsAdditionalTierOne	8461000000	eur
CY2022Q4	san	Eligible Capital Eligible Instruments Additional Tier One EligibleCapitalEligibleInstrumentsAdditionalTierOne	8344000000	eur
CY2021Q4	san	Eligible Capital Eligible Instruments Additional Tier One EligibleCapitalEligibleInstrumentsAdditionalTierOne	10102000000	eur
CY2023Q4	san	Excess Tier One Risk Based Capital Subsidiaries ExcessTierOneRiskBasedCapitalSubsidiaries	541000000	eur
CY2022Q4	san	Excess Tier One Risk Based Capital Subsidiaries ExcessTierOneRiskBasedCapitalSubsidiaries	487000000	eur
CY2021Q4	san	Excess Tier One Risk Based Capital Subsidiaries ExcessTierOneRiskBasedCapitalSubsidiaries	-52000000	eur
CY2023Q4	san	Ifrs Tier Two Risk Based Capital IfrsTierTwoRiskBasedCapital	16497000000	eur
CY2022Q4	san	Ifrs Tier Two Risk Based Capital IfrsTierTwoRiskBasedCapital	14359000000	eur
CY2021Q4	san	Ifrs Tier Two Risk Based Capital IfrsTierTwoRiskBasedCapital	14865000000	eur
CY2023Q4	san	Subordinated Liabilities Preference Shares And Participating Securities Tier Two Capital SubordinatedLiabilitiesPreferenceSharesAndParticipatingSecuritiesTierTwoCapital	17101000000	eur
CY2022Q4	san	Subordinated Liabilities Preference Shares And Participating Securities Tier Two Capital SubordinatedLiabilitiesPreferenceSharesAndParticipatingSecuritiesTierTwoCapital	14770000000	eur
CY2021Q4	san	Subordinated Liabilities Preference Shares And Participating Securities Tier Two Capital SubordinatedLiabilitiesPreferenceSharesAndParticipatingSecuritiesTierTwoCapital	15424000000	eur
CY2023Q4	san	Institutional Review Board General Funds And Surplus Loans Loss Provision InstitutionalReviewBoardGeneralFundsAndSurplusLoansLossProvision	76000000	eur
CY2022Q4	san	Institutional Review Board General Funds And Surplus Loans Loss Provision InstitutionalReviewBoardGeneralFundsAndSurplusLoansLossProvision	0	eur
CY2021Q4	san	Institutional Review Board General Funds And Surplus Loans Loss Provision InstitutionalReviewBoardGeneralFundsAndSurplusLoansLossProvision	75000000	eur
CY2023Q4	san	Excess Tier Two Risk Based Capital Subsidiaries ExcessTierTwoRiskBasedCapitalSubsidiaries	-680000000	eur
CY2022Q4	san	Excess Tier Two Risk Based Capital Subsidiaries ExcessTierTwoRiskBasedCapitalSubsidiaries	-411000000	eur
CY2021Q4	san	Excess Tier Two Risk Based Capital Subsidiaries ExcessTierTwoRiskBasedCapitalSubsidiaries	-634000000	eur
CY2023Q4	san	Eligible Capital EligibleCapital	102240000000	eur
CY2022Q4	san	Eligible Capital EligibleCapital	97392000000	eur
CY2021Q4	san	Eligible Capital EligibleCapital	97317000000	eur
CY2023Q4	san	Ifrs Tier One Leverage Capital IfrsTierOneLeverageCapital	85742000000	eur
CY2022Q4	san	Ifrs Tier One Leverage Capital IfrsTierOneLeverageCapital	83033000000	eur
CY2021Q4	san	Ifrs Tier One Leverage Capital IfrsTierOneLeverageCapital	82452000000	eur
CY2023Q4	san	Tier One Leverage Capital Exposure Average Assets TierOneLeverageCapitalExposureAverageAssets	1826922000000	eur
CY2022Q4	san	Tier One Leverage Capital Exposure Average Assets TierOneLeverageCapitalExposureAverageAssets	1750626000000	eur
CY2021Q4	san	Tier One Leverage Capital Exposure Average Assets TierOneLeverageCapitalExposureAverageAssets	1536516000000	eur
CY2023	san	Ifrs Tier One Leverage Capital To Average Assets IFRSTierOneLeverageCapitalToAverageAssets	0.0469
CY2022	san	Ifrs Tier One Leverage Capital To Average Assets IFRSTierOneLeverageCapitalToAverageAssets	0.0474
CY2021	san	Ifrs Tier One Leverage Capital To Average Assets IFRSTierOneLeverageCapitalToAverageAssets	0.0537
CY2023	san	Number Of Banks Designated As Global Systemically Important Banks NumberOfBanksDesignatedAsGlobalSystemicallyImportantBanks	29	banks
CY2023	san	Global Systemically Important Bank Designation Number Of Criteria GlobalSystemicallyImportantBankDesignationNumberOfCriteria	5	indicator
CY2023	san	Global Systemically Important Banks Capital Buffer Percentage GlobalSystemicallyImportantBanksCapitalBufferPercentage	0.01
CY2023Q4	san	Number Of Capital Buffer NumberOfCapitalBuffer	2	branch
CY2023	san	Domestic Systemically Important Entities Capital Buffer Percentage DomesticSystemicallyImportantEntitiesCapitalBufferPercentage	0.0125
CY2023	san	Issuance Redemption Of Treasury Shares IssuanceRedemptionOfTreasuryShares	0	eur
CY2022	san	Issuance Redemption Of Treasury Shares IssuanceRedemptionOfTreasuryShares	0	eur
CY2021	san	Issuance Redemption Of Treasury Shares IssuanceRedemptionOfTreasuryShares	0	eur
CY2023	dei	Auditor Firm AuditorFirmId	1306

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$SAN
Banco Santander, S.A. Stock $san

2023 Q4 Form 20-F Financial Statement

#000089147824000038 Filed on February 21, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SAN Banco Santander, S.A. Stock $san

2023 Q4 Form 20-F Financial Statement

#000089147824000038 Filed on February 21, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SAN
Banco Santander, S.A. Stock $san